Solar Industries India Limited has announced the partial redemption of its Non-Convertible Debentures (NCDs). The company has made timely interest and principal payments. The interest amount paid was ₹20,66,849.32 before TDS, with a redemption of ₹5,00,00,000. The due date for both interest and redemption was September 23, 2025.
NCD Redemption Update
Solar Industries India Limited has completed a partial redemption of its Non-Convertible Debentures (NCDs), ensuring timely payments of both interest and principal.
Interest Payment Details
The key details regarding the interest payment are as follows:
The interest amount paid on the due date was ₹20,66,849.32. After deducting TDS, the net interest payable amounted to ₹18,60,164.39. The record date for interest payment was September 7, 2025, and the actual payment date was September 23, 2025. The last interest payment was made on June 23, 2025. Interest is paid quarterly.
Redemption Details
The company redeemed 50 NCDs with a redemption amount of ₹5,00,00,000. The due date for redemption was September 23, 2025, which also served as the actual redemption date. The outstanding amount post redemption remains at ₹5,00,00,000.
Source: BSE
