Signature Global has approved the issuance of 87,500 Rated, Listed, Secured, Redeemable, Non-Convertible Debentures, with a face value of ₹1,00,000 each, aggregating to ₹875,00,00,000. The debentures will be issued on a private placement basis. The Debenture Committee approved the terms in a meeting held on October 9, 2025. These debentures have a tenure of 3 years, 2 months and 30 days.
Debenture Issuance Approved
Signature Global has announced the issuance of Rated, Listed, Secured, Redeemable, Non-Convertible Debentures (NCDs) through private placement. The decision was made by the Debenture Committee during a meeting on October 9, 2025.
Key Details of the Issuance
The company will issue 87,500 NCDs, each with a face value of ₹1,00,000, resulting in a total aggregation of ₹875,00,00,000. The NCDs are proposed to be listed on the debt market segment.
Tenure and Allotment
The tenure of the instrument is 3 years, 2 months and 30 days. Allotment is proposed for October 16, 2025, and the maturity date is set for January 15, 2029.
Coupon Rate and Redemption
The coupon rate is 11% per annum, with coupon/interest payments scheduled quarterly, starting from January 15, 2026, until maturity. The NCDs will be redeemed in 12 quarterly installments starting on April 15, 2026, and continuing until the final redemption date of January 15, 2029. The NCDs will be redeemed at par.
Security Details
The NCDs will be secured by a first-ranking exclusive charge on certain assets, including:
- Land admeasuring 131.1496 acres situated in Sohna, Haryana, owned by SBPL.
- Development rights held by SBPL under a collaboration agreement relating to ~1.04653 acres in Sohna, Haryana.
- Disputed land admeasuring 4.175 acres owned by SBPL in Sohna, Haryana.
The properties will be mortgaged to ensure the security of the NCDs. A corporate guarantee by SBPL and personal guarantees by key individuals, including Mr. Pradeep Kumar Aggarwal, Mr. Lalit Kumar Aggarwal, Mr. Devender Aggarwal, and Mr. Ravi Aggarwal, will also serve as security.
Minimum Security Cover
The minimum security cover will be 1.50x the outstanding principal amount and interest on the Debentures. If the value falls below this level, the Issuer must provide additional assets or mortgage to maintain the cover.
Source: BSE
