DCM Shriram Limited announced the allotment of 4,400 unrated, unlisted, secured Non-Convertible Debentures (NCDs) on a private placement basis on March 11, 2026. The total issue size aggregates to ₹440 crore, with each debenture having a nominal value of ₹10 lakh. The NCDs carry a floating interest rate linked to the MIBOR OIS rate and are set to mature on May 15, 2036, secured by hypothecation and mortgage over assets related to the Bharuch Unit.
NCD Allotment Details
DCM Shriram Limited has formally completed the allotment of Non-Convertible Debentures (NCDs) through a private placement on March 11, 2026. This action was taken in compliance with applicable regulations governing listing and disclosure requirements.
Key Financial and Security Terms
The following details summarize the terms of the securities issued:
- Securities Issued: 4,400 unrated, unlisted, secured, redeemable, rupee-denominated NCDs.
- Total Issue Size: An aggregate of ₹440,00,00,000/- (Rupees Four Hundred and Forty Crores only).
- Nominal Value: Rs. 10,00,000/- (Rupees Ten Lakhs only) per debenture.
- Listing Status: The NCDs are not proposed to be listed on any stock exchange.
Tenure and Interest Structure
The tenure for these instruments spans from the allotment date of March 11, 2026, until the final maturity date of May 15, 2036. The interest mechanism is structured as follows:
- Coupon Rate: A floating rate of interest linked to the MIBOR OIS rate, as specified in the Debenture Trust Deed.
- Payment Schedule: Repayment of coupon/interest and principal will occur on a half-yearly basis, specifically on November 15 and May 15 of each year, commencing from November 15, 2028.
Security and Redemption Details
Security has been created over specified company assets pertaining to the Bharuch Unit. This includes:
- A first ranking Security by way of hypothecation on all movable fixed assets (excluding Current Assets) related to the Bharuch Unit.
- A first ranking Security by way of mortgage over immovable properties pertaining to the Bharuch Unit.
Regarding redemption, the indicative manner for the debentures is Redemption – Out of profits, with the last date for redemption set as May 15, 2036, as per the terms of the debenture trust deed. The filing confirms that there are no special rights/interests/privileges attached to the instruments, and the situation regarding delayed payments is Not Applicable.
Source: BSE
