Balkrishna Industries Limited (BKT) announced that its Finance Committee, following delegation from the Board, has approved the private placement issuance of Non-Convertible Debentures (NCDs) totaling up to ₹750 crores. The issuance comprises 75,000 NCDs, each with a face value of ₹1,00,000. This fundraising is intended for general corporate purposes and is within the limits approved under Section 180(1)(c) of the Companies Act, 2013. The committee meeting concluded on March 2, 2026.
BKT Approves Major NCD Fundraising Plan
The Finance Committee of the Board of Directors of Balkrishna Industries Limited (BKT) met on 2nd March, 2026, to authorize a significant fundraising initiative via debt instruments. The committee formally approved the issuance and allotment of Non-Convertible Debentures (NCDs) to be executed via private placement.
Details of the NCD Issuance
The total quantum of the fundraising is set to aggregate up to INR 750 crores (Indian Rupees Seven Hundred Fifty crores). This will be achieved through the issuance of 75,000 NCDs. Each debenture will have a substantial face value of INR 1,00,000 (Indian Rupees One Lakh only).
The securities are specified as rated, listed, unsecured, and redeemable. The issuance will take place in one or multiple tranches.
Compliance and Authority
This power to decide on the terms, conditions, and matters incidental to the issuance of NCDs was previously delegated to the Finance Committee by the Board of Directors during its meeting held on 8th February, 2021.
BKT confirms that the proposed issuance of these NCDs remains well within the current borrowing limits applicable to the Company under Section 180(1)(c) of the Companies Act, 2013.
Annexure Details on the Securities
The required details, as per the relevant listing regulations, indicate the following structure for the securities:
- Type of Securities: Rated, listed, unsecured, redeemable, non-convertible debentures.
- Type of Issuance: Private Placement.
- Total Amount: Aggregating up to INR 750 crores.
- Listing Status: Yes, the Designated Stock Exchange will be disclosed at the time of allotment.
- Redemption: The Non-Convertible Debentures will be redeemed as per DTD (Date to be Determined/Disclosed).
Meeting Summary
The Finance Committee meeting commenced at 11:30 a.m. and concluded at 12:15 p.m. on March 2, 2026.
Source: BSE
