Aditya Birla Real Estate Limited (formerly Century Textiles) has secured in-principle approval from the BSE Limited on February 18, 2026, to amend its Debenture Trust Deeds (DTDs). The modifications pertain to the 8.10% Unsecured Debentures totaling Rs. 400 crores. Key changes include adding an Early Redemption/Call Option clause and deleting the existing clause restricting Asset Disposal exceeding Rs. 200 Crores until final redemption.
Approval for Key Debenture Amendments Secured
Aditya Birla Real Estate Limited (ABR E L) has announced that it received in-principle approval from the BSE Limited on February 18, 2026, regarding necessary amendments to the Debenture Trust Deed (DTD) dated May 31, 2023, and its First Amendment Deed.
These changes specifically relate to the 8.10% Unsecured, Listed, Rated, Senior, Redeemable, Non-Convertible Debentures issued privately, aggregating to Rs. 400 crores (ISIN -INE055A08037).
Modification 1: Introduction of Call Option
The primary amendment involves updating the definition of the “Mandatory Redemption Event/Early Redemption” clause in the DTDs.
- The proposed clause introduces a new trigger: “e) Early Redemption/Call Option.”
- The existing triggers—unlawfulness to hold, credit rating downgrade to ‘A’ or below, withdrawal of long-term rating, and payment default—remain in force, categorized under the new combined heading.
The Company confirmed it will execute a Second Amendment Deed with the Debenture Trustee, SBICAP Trustee Company Limited, to formally implement these changes.
Modification 2: Deletion of Asset Disposal Restriction
The second significant amendment involves the deletion of a restrictive covenant under the General Undertakings (Schedule 4):
- Existing Clause 2.26 (Disposal of Assets): Stated that the Company shall not, until the Final Redemption Date, dispose of any assets valued over and above INR 200,00,00,000/- (Indian Rupees Two Hundred Crores Only).
- Proposed Clause 2.26: This restriction has been marked as “Deleted”.
This removal provides the Company with greater flexibility regarding the disposal of assets exceeding the Rs. 200 Crore threshold prior to the final redemption date.
Source: BSE
