Aditya Birla Lifestyle Brands Limited has announced the approval for the allotment of 50,000 Listed, Unsecured Non-Convertible Debentures (NCDs), totaling ₹500 Crore. The allotment, approved on March 18, 2026, carries a fixed annual coupon rate of 7.22%. These debentures have a tenure of just over two years and will mature on March 16, 2029, following an initial interest payment in March 2027.
NCD Allotment Approved by Finance Committee
Aditya Birla Lifestyle Brands Limited confirms the successful allotment of its planned debt instrument issuance following a Circular Resolution passed by the Finance Committee of the Board of Directors on March 18, 2026. This action follows an earlier communication dated February 2, 2026, regarding the proposed issuance.
Key Terms of the Debenture Issue
The company has allotted 50,000 Non-Convertible Debentures (NCDs), each with a face value of ₹1,00,000 (Rupees One Lakh). The aggregate issuance size amounts to ₹500 Crore (Rupees Five Hundred Crore). These instruments are classified as Senior, Listed, Taxable, Unsecured, Rated, Redeemable, and Non-Cumulative.
The NCDs feature an annual coupon rate of 7.22% p.a. and were issued on a private placement basis. The allotment date for these securities was Wednesday, March 18, 2026.
Maturity and Interest Schedule
The tenure of the instrument is set at 2 Years and 363 days, with the final maturity date scheduled for Friday, March 16, 2029.
The interest and principal payment schedule is as follows:
- Thursday, March 18, 2027: Interest Payment
- Saturday, March 18, 2028: Interest Payment
- Friday, March 16, 2029: Principal and Interest Payment
It is noted that any scheduled payment falling on a holiday will adhere to the Working Day Convention. Furthermore, the NCDs are designated to be listed on the BSE Limited. There are no specific charges or security attached to this instrument.
Redemption Details
The redemption of the debentures will occur strictly on the date of maturity, in accordance with the stipulations laid out in the debenture trust deed.
Source: BSE
