The Board of Directors of Dishman Carbogen Amcis Ltd. approved the issuance of Senior, Secured, Rated, Listed, Redeemable, Transferable, Taxable Non-Convertible Debentures (NCDs) aggregating up to ₹150 Crores on March 18, 2026. The issuance is split into two tranches: one worth ₹100 Crores and another worth ₹50 Crores, both to be placed privately. The NCDs carry an attractive coupon rate of 10.00% payable quarterly.
Board Sanctions Private Placement of NCDs
Dishman Carbogen Amcis Ltd. announced that its Board of Directors, following a meeting held on Tuesday, March 18, 2026, sanctioned the approval for the issuance of Non-Convertible Debentures (NCDs) totaling up to ₹150 Crores. This fundraising exercise will be executed through a private placement basis in one or more tranches.
Details of the Dual Tranche Issuance
The total aggregate issuance is divided into two main components:
- NCD of INR 100 Crores: Up to 10,000 NCDs with a face value of ₹1,00,000/- each, aggregating up to ₹100,00,00,000/- (Rupees One Hundred Crores).
- NCD of INR 50 Crores: Up to 5,000 NCDs with a face value of ₹1,00,000/- each, aggregating up to ₹50,00,00,000/- (Rupees Fifty Crores). This tranche includes a Base Issue of 3,500 NCDs plus a green shoe option of up to 1,500 NCDs.
All proposed securities are described as Senior, secured, rated, listed, redeemable, transferable, and taxable Non-Convertible Debentures.
Key Financial Terms
The NCDs carry a fixed coupon rate of 10.00%, with interest scheduled to be paid on a Quarterly basis for both issuances.
Maturity and Principal Repayment
The maturity dates and principal repayment schedules differ slightly between the tranches:
- NCD of INR 50 Crores: The date of allotment is set for March 27, 2026, with a maturity date of March 26, 2028. Principal repayment is structured as 35% at the end of 18 months and 65% at the end of 24 months.
- NCD of INR 100 Crores: The date of allotment is proposed for March 30, 2026, with a maturity date of September 29, 2027. Principal repayment is structured as a Bullet payment on maturity (Tenure 18 months from the date of allotment).
Security Structure
The issuance is planned to be secured to the extent of 1.1x (“Security Cover”). The security package includes:
- For INR 100 Crores: An Exclusive charge over identified property belonging to promoter Mr. Arpit Vyas, along with a Personal Guarantee. Additionally, there is a 1st Pari Passu Charge over the Fixed Assets of the Bavla Property of the Company.
- For INR 50 Crores: Security for the Base Issue of INR 35 crores and the Green Shoe Issue of INR 15 crores involves an Interim First Ranking exclusive charge by way of lien over 100% fixed deposit to be placed, and an Exclusive Charge over identified property of Dishman Infrastructure Limited.
In both cases, the Issuer retains the option to provide Temporary Security/Alternate Security in case of any shortfall in the Security Cover or non-perfection of the security.
Listing Information
Both series of NCDs are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.
Source: BSE
