Allotment of 100,000 Non Convertible Debentures having face value of Rs. 10,000/- each for an aggregate principle amount of Rs. 100,00,00,000/- on a private placement basis.
FUNDRAISE
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 04 Aug 2026, 01:57 PM IST · BSE ID: 092475db-eeff-47af-aa82-683004f69b94
View Original BSE Filing (PDF)
💡
In Simple Terms
The company raised Rs. 100 crore by issuing debentures to investors on August 4, 2026.
🤖 AI Summary
- Dev Accelerator Ltd allotted Rs. 100,00,00,000 in Non-Convertible Debentures.
- 100,000 debentures, each with a face value of Rs. 10,000, were issued.
- The secured NCDs carry an annual coupon of 11.75%.
- Debentures have a tenure of 36 months and will be listed on BSE.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Aggregate Principal Amount
Rs. 100,00,00,000
Number of Debentures Allotted
100,000
Face Value per Debenture
Rs. 10,000
Coupon Rate
11.75% per annum
Allotment Date
August 4, 2026
Maturity Date
August 4, 2029
🏢 How This Affects the Company
The issuance of Rs. 100,00,00,000 in Non-Convertible Debentures increases the company's debt financing. The 11.75% annual coupon represents a fixed interest cost.
The debentures are secured by a first ranking pari passu charge over all movable and immovable fixed assets, and an exclusive charge over identified receivables, providing security cover.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders concerning this NCD allotment.
👤
Who Is Affected
Existing shareholders are indirectly affected as the company's capital structure changes with increased debt financing.
🔍
Management Signal
Management's decision to issue secured, rated NCDs signals intent to leverage debt for funding business objectives.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Listing of NCDs on BSE Wholesale Debt Market
Confirmation of utilization of funds raised from NCDs
Future credit rating reviews for the NCDs
MEDIUM RISK
Significant debt issuance with a fixed coupon rate increases financial leverage and interest servicing costs.
💡 Investor Takeaway
Dev Accelerator Ltd successfully raised Rs. 100,00,00,000 by allotting 100,000 NCDs with 11.75% annual coupon, maturing in 36 months, to be listed on BSE.
⚖️ Strengths & Concerns
✅ Positives
- Successful private placement of Rs. 100,00,00,000 Non-Convertible Debentures on August 4, 2026.
- Debentures are rated 'ACUITE BBB' Stable and secured, indicating creditworthiness.
⚠️ Concerns
- The 11.75% annual coupon represents a significant interest servicing obligation for the company.
- Company has raised funds via preferential issue and NCDs, increasing leverage.
📅 Company Track Record
Dev Accelerator Ltd previously received 'ACUITE BBB' Stable rating for this NCD issue and gained in-principle NSE/BSE approval for a preferential issue.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the total amount Dev Accelerator Ltd raised through Non-Convertible Debentures?
Dev Accelerator Ltd raised an aggregate principal amount of Rs. 100,00,00,000 by allotting 100,000 Non-Convertible Debentures.
What is the coupon rate offered on Dev Accelerator Ltd's Non-Convertible Debentures?
The Non-Convertible Debentures offered by Dev Accelerator Ltd carry a coupon rate of 11.75% per annum.
When will Dev Accelerator Ltd's newly allotted Non-Convertible Debentures mature?
The Non-Convertible Debentures allotted by Dev Accelerator Ltd on August 4, 2026, will mature on August 4, 2029.
Where will Dev Accelerator Ltd's Non-Convertible Debentures be listed?
The Non-Convertible Debentures issued by Dev Accelerator Ltd will be listed on the Wholesale Debt Market segment of BSE Limited.
What is the face value of each Non-Convertible Debenture allotted by Dev Accelerator Ltd?
Each Non-Convertible Debenture allotted by Dev Accelerator Ltd has a face value of Rs. 10,000.
Questions based on this BSE filing only. For information purposes.