Patel Engineering has allotted 9,000 Senior, Secured, Rated, Listed and Transferable Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹90 crore through private placement.
The allotment was made by the Allotment Committee of the Board of Directors at its meeting held on August 26, 2025. The meeting commenced at 12:30 pm and concluded at 12:45 pm.
The details of the NCDs are as follows:
| Particulars | Details |
|---|---|
| Type of Securities | Senior, Secured, Rated, Listed and Transferable Non-Convertible Debentures |
| Type of Issuance | Private Placement |
| Number of Securities Issued | 9,000 |
| Total Amount | ₹90.00 Crore |
| Size of the Issue | ₹100.00 Crore |
| Listing | National Stock Exchange of India Limited |
| Tenure of the Instrument | 36 months |
| Date of Allotment | August 26, 2025 |
| Date of Maturity | August 25, 2028 |
| Coupon | 10.25% |
| Schedule of payment of coupon | Monthly |
| Schedule of payment of principal | i. 30% of Principal payable at the end of 24 months from deemed date of allotment ii. 30% of Principal payable at the end of 30 months from deemed date of allotment iii. 40% of Principal payable at the end of 36 months from deemed date of allotment |
| Charge/Security | Yes. The amounts outstanding under the Debentures shall be secured on a first ranking exclusive and continuing charge basis by way of mortgage in favour of the Debenture Trustee for the benefit of the Debenture Holders over identified land parcels. |
| Special right/interest/privileges | None |
| Delay in payment of interest/principal | Not applicable |
| Principal Repayment | 30% at the end of 24 Months from the deemed date of allotment 30% at the end of 30 Months from the deemed date of allotment 40% at the end of 36 Months from the deemed date of allotment |
| Cancellation or termination of proposal | Not Applicable |
The details were disclosed under Regulation 30 & 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
You are requested to take note of the same.
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