H.G. Infra Engineering Limited has issued a certificate confirming the timely payment of interest on its 40,000 Senior Rated Listed Unsecured Redeemable Non-Convertible Debentures (NCDs). The company made an interest payment of ₹18,43,39,726 on August 31, 2026, adhering to the agreed terms and conditions, including a 2% penal interest charge for a prior covenant breach.
Interest Payment Confirmation for NCDs
H.G. Infra Engineering Limited has provided a formal certification regarding the interest payment for its outstanding Non-Convertible Debentures (NCDs). This announcement addresses the requirements of Regulation 57 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency and compliance for its debenture holders.
Details of the Interest Payment
The company confirmed that the interest payment for the 40,000 Senior Rated Listed Unsecured Redeemable Non-Convertible Debentures (NCDs), with a total issue size of Rs. 400 Crore, has been duly made. The total amount of interest paid was Rs. 18,43,39,726. This payment was made on August 31, 2026, which was the actual date of payment, slightly adjusted from the due date of August 29, 2026, due to the ‘Business Day Convention’.
Penal Interest Included
It is noted that the total interest amount paid includes a 2% penal interest charge amounting to Rs. 1,38,08,219. This charge was levied by the Debenture Holder due to a breach of covenant that occurred during the quarter ended March 31, 2026. The ISIN for these NCDs is INE926X08015.
Payment Schedule and Records
The interest payments for these NCDs are structured on a half-yearly basis. The record date for this particular interest payment was August 14, 2026. There were no applicable changes to the frequency of payments, nor were there any details of such changes to report. The company has confirmed that there was no non-payment or delay in payment beyond the ‘Business Day Convention’ adjustment.
Source: BSE
