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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Suraj Estate Developers Ltd

Suraj Estate Developers Completes Rs. 70 Crore NCD Issuance

FUNDRAISE ▲ Positive Development MEDIUM RISK
📅 Filed on BSE: 23 Jul 2026, 07:17 PM IST  ·  BSE ID: 171db541-3dc0-4441-a875-707467eb6000
View Original BSE Filing (PDF)
💡
In Simple Terms
The company finalized raising Rs. 70 Crore through private placement of secured debentures, with interest rates up to 17% p.a.
🤖 AI Summary
  • Suraj Estate Developers completed issuance of Rs. 70,00,00,000 in Unlisted Secured NCDs.
  • The issuance comprises a balance allotment of Rs. 10,00,00,000 in NCDs.
  • Earlier Rs. 60,00,00,000 NCDs were fully redeemed and repaid.
  • NCDs carry a stepped interest rate, escalating to 17% p.a.
  • Maturity is 38 months from the allotment date of July 23, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Total NCDs approved for issuance
7,00,00,000
Face value per NCD
₹10/-
Aggregate value of approved NCDs
₹70,00,00,000/-
Earlier NCDs redeemed
6,00,00,000
Redeemed NCDs aggregate value
₹60,00,00,000/-
Balance NCDs allotted
1,00,00,000
Allotted NCDs aggregate value
₹10,00,00,000/-
Allotment Date
23rd July, 2026
Maturity Date
38 months from the date of allotment
Interest Rate (months 1-24)
12% p.a.
Interest Rate (from month 25)
17% p.a.
🏢 How This Affects the Company
💰
Financial Impact
This issuance finalizes the company's debt fundraising activity approved in February 2024, increasing outstanding debt by Rs. 10,00,00,000.
⚠️
Risk Impact
The stepped interest rate structure, reaching 17% p.a., represents a significant borrowing cost.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders regarding this NCD issuance.
👤
Who Is Affected
Existing shareholders are indirectly affected through increased debt servicing obligations.
🔍
Management Signal
Management is actively utilizing debt markets to fund operations or projects.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Quarterly results for H1 FY27 for interest cost impact.
Company updates on fund utilization for NCD proceeds.
Subsequent debt issuance or repayment activities.
MEDIUM RISK High interest rate of 17% p.a. and debt servicing obligations.
💡 Investor Takeaway
Suraj Estate Developers has completed the issuance of Rs. 70,00,00,000 in secured NCDs, with a stepped interest rate up to 17% p.a. and a 38-month maturity.
⚖️ Strengths & Concerns

✅ Positives

  • Completion of Rs. 70,00,00,000 Non-Convertible Debenture issuance as planned.
  • Secured debenture instrument providing collateral for investors.

⚠️ Concerns

  • Stepped interest rate rises to 17% p.a. from the 25th month.
  • Total debt outstanding increases by Rs. 10,00,00,000 with this allotment.
📅 Company Track Record
In May 2026, Suraj Estate Developers confirmed no deviation in fund utilization from a prior preference issue but noted forfeiture of Rs. 99.75 Crores in warrants.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is the total value of Non-Convertible Debentures issued by Suraj Estate Developers?
Suraj Estate Developers has completed the issuance of Non-Convertible Debentures aggregating to Rs. 70,00,00,000/-.
What is the interest rate on the NCDs issued by Suraj Estate Developers?
The NCDs offer 12% p.a. for the first 24 months, increasing to 17% p.a. thereafter.
When are the NCDs issued by Suraj Estate Developers maturing?
The Non-Convertible Debentures issued by Suraj Estate Developers mature 38 months from the allotment date of July 23, 2026.
Who is the investor in the latest NCD allotment by Suraj Estate Developers?
The balance 1,00,00,000 NCDs were allotted to IDBI Trusteeship Services Limited, as Trustee of India Real Estate Investment Fund – Series 2.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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