This is further to the intimation May 27, 2026. We hereby inform you that the Securities Committee of the Board of Directors of the Company has on June 30, 2026 allotted 1000 Series C NCDs ....
FUNDRAISE
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 30 Jun 2026, 02:42 PM IST · BSE ID: b3f4acbb-59fb-4a0b-83b7-a2299de6b529
View Original BSE Filing (PDF)
💡
In Simple Terms
The company raised Rs. 50 Crore by issuing secured debt instruments to investors.
🤖 AI Summary
- Himatsingka Seide allotted 1,000 Series C NCDs aggregating Rs. 50,00,00,000.
- The debentures are senior, secured, unlisted, and unrated.
- These instruments carry a coupon rate of 11.50% per annum.
- The allotment was made on June 30, 2026, with maturity on December 30, 2029.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Amount Raised
Rs. 50,00,00,000/- (Rupees Fifty Crores only)
Number of NCDs Allotted
1,000
Face Value per NCD
Rs. 5,00,000/- (Rupees Five Lakh only)
Interest Rate
11.50% p.a.
Date of Allotment
June 30, 2026
Date of Maturity
December 30, 2029
🏢 How This Affects the Company
The issuance of these NCDs increases the company's outstanding debt obligations by Rs. 50,00,00,000.
The secured nature of these NCDs means specific company assets are pledged as collateral, increasing the risk in case of default.
👥 What This Means For Shareholders
✅
Action Required
No action is required by shareholders.
👤
Who Is Affected
All shareholders are affected by the increased debt on the company's balance sheet.
🔍
Management Signal
Management is actively utilizing debt instruments to fund operations or strategic initiatives.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Review of financial results for debt servicing capability.
Announcement of utilization of funds raised.
Future debt issuance or repayment activities.
MEDIUM RISK
Secured NCDs increase financial leverage and asset pledge, impacting default risk.
💡 Investor Takeaway
Himatsingka Seide raised Rs. 50,00,00,000 via 11.50% p.a. Series C NCDs, maturing December 30, 2029, with assets pledged as security.
⚖️ Strengths & Concerns
✅ Positives
- Successful private placement of Rs. 50,00,00,000 via Series C NCDs, indicating investor confidence.
- Secured NCDs with a fixed coupon rate of 11.50% p.a. provide predictable financing costs.
⚠️ Concerns
- The NCDs are unrated, which may imply a higher perceived risk by potential future lenders or investors.
- A delay in interest or principal payment of over three months incurs a 2% penalty.
📅 Company Track Record
This NCD issuance follows a previous intimation from May 27, 2026, regarding the company's plan to raise funds via listed and unlisted NCDs, aggregating to Rs. 550,00,00,000.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the total amount Himatsingka Seide raised through the Series C NCD allotment?
Himatsingka Seide Limited raised Rs. 50,00,00,000/- (Rupees Fifty Crores only) from the allotment of Series C NCDs.
What is the interest rate on Himatsingka Seide's Series C NCDs?
The Series C NCDs offered by Himatsingka Seide carry a coupon rate of 11.50% p.a., payable quarterly.
When will Himatsingka Seide's Series C NCDs mature?
The Series C NCDs issued by Himatsingka Seide have a maturity date of December 30, 2029.
Are Himatsingka Seide's Series C NCDs listed on stock exchanges?
No, the Series C NCDs are unlisted and were issued on a private placement basis.
Questions based on this BSE filing only. For information purposes.