Embassy Developments Limited has approved the issuance of up to 40,000 Non-Convertible Debentures (NCDs), each with a face value of INR 1,00,000. The total aggregate amount to be raised is up to INR 400 crores. The issuance will be on a private placement basis, complying with applicable laws and regulations. The decision was made during a board committee meeting held on January 29, 2026.
Debenture Issuance Approval
Embassy Developments Limited has announced the approval for raising funds through the issuance of Non-Convertible Debentures (NCDs). The decision was reached during the Board’s constituted committee meeting on January 29, 2026.
Key Details of the NCD Issuance
The company plans to issue up to 40,000 Non-Convertible Debentures. Each debenture has a face value of INR 1,00,000, bringing the aggregate amount to a maximum of INR 400 crores. These debentures will be offered through private placement.
Debenture Features
These NCDs are Senior, Secured, Redeemable, Unrated, and Unlisted. The coupon rate is set at 11% per annum, payable quarterly after an initial moratorium of 6 months.
Security and Tenure
The debentures are secured by a charge on identified company assets, as detailed in the Debenture Trust Deed. The tenure of the instrument is 42 months, starting from the end of the month of allotment.
Repayment Schedule
The repayment schedule involves a principal moratorium of 4 quarters, followed by 10 equal installments. The company retains the option to make partial or full prepayment before maturity, depending on available surplus funds.
Source: BSE
