Aditya Birla Real Estate has received approval for amendments to its Debenture Trust Deed concerning its 8.05% Unsecured, Listed, Rated, Senior, Redeemable, Non-Convertible Debentures, amounting to Rs. 250 crores. Key changes include adding a sub-clause related to a Call Option under the Mandatory Redemption Event clause and removing a clause related to the Disposal of Assets. These amendments will be formalized through a Second Amendment Deed.
Debenture Trust Deed Amendments
Aditya Birla Real Estate Limited has announced amendments to the Debenture Trust Deed (DTD) dated March 1, 2024, and its First Amendment Deed dated June 16, 2025. These amendments pertain to its 8.05% Unsecured, Listed, Rated, Senior, Redeemable, Non-Convertible Debentures, which total Rs. 250 crores and were issued under ISIN -INE055A08045.
Key Changes Approved
The amendments involve the following key changes:
- Addition of a sub-clause related to the Call Option under the Mandatory Redemption Event clause.
- Deletion of the clause related to the Disposal of Assets.
Details of the Debentures
The debentures consist of 25,000 units with a face value of Rs. 1,00,000 each, totaling Rs. 250 crores. They are issued under Private Placement basis, with ISIN- INE055A08045 and scrip code 975457.
Next Steps
Aditya Birla Real Estate will execute the Second Amendment Deed to the DTDs with the Debenture Trustee, SBICAP Trustee Company Limited, to implement these amendments.
Amendment to Mandatory Redemption Event Clause
The definition of “Mandatory Redemption Event” is amended to include a Call Option. The original clause specified events such as unlawfulness for a Debenture Holder to hold debentures or the occurrence of an event of default.
Deletion of Disposal of Assets Clause
The sub-clause 2.26 concerning the Disposal of Assets under General Undertakings of Schedule 4 has been removed.
Source: BSE
