Suraj Estate Developers Limited — Important, 21-02-2026: Committee Meeting Updates

SURAJ ESTATE DEVELOPERS has announced that its Management Committee approved the allotment of 45 Cr Unlisted, Secured, Non-Convertible Debentures (NCDs) on a private placement basis. These NCDs, with a face value of INR 10 each, were allotted to an investment fund managed by ICICI Venture Funds Management Company Limited. The debentures carry an interest rate of 17% accrued monthly, with 12% for the first 24 months, and have a 42-month tenure. The NCDs are secured by charges over the company's properties, providing crucial capital for its operations and future growth.