BELRISE Industries announced the successful private placement issuance of Commercial Paper (CP) totaling Rs. 100 Crores. This move follows an earlier communication on January 31, 2026. The instrument carries an annual coupon rate of 8% p.a. and has a tenure of 12 months, maturing on March 20, 2027. The CP has been rated Crisil A1+ and was issued in favor of Karur Vysya Bank Limited.
Private Placement of Commercial Paper Confirmed
BELRISE Industries Limited has completed the issuance of Commercial Paper (CP) totaling Rs. 100 Crores through a private placement mechanism. This issuance is in continuation of the intimation provided to the exchanges on January 31, 2026.
Key Terms of the Instrument
The primary terms and conditions governing the newly issued financial instrument are detailed below, highlighting the key parameters of the Rs. 100 Crores issue:
Instrument Details Table
- Issue Size: Rs. 100 Crores
- Tenure: 12 months
- Date of Allotment: 20/03/2026
- Date of Maturity: 20/03/2027
- Coupon/Interest Offered: 8% p.a.
- Payment Schedule: Payment of coupon/interest and principal will be a Bullet payment at maturity.
- Security: None; no charge or security has been created over the assets.
- Issued In Favor Of: Karur Vysya Bank Limited.
Credit Rating and Status
The instrument has been assigned a credit rating of Crisil A1+. Furthermore, the CP is not proposed to be listed on any stock exchange. The company confirmed that there are No Applicable special rights or privileges attached to this instrument, and as of the date of this announcement, there are no delays or defaults concerning interest or principal payments.
Public Posting Information
This disclosure, made on March 20, 2026, will also be made available on the Company’s official website in the ‘Investor Relations’ section.
Source: BSE
