Balkrishna Industries Limited (BIL) announced that its Finance Committee has approved raising up to ₹750 crores through the private placement issuance of Non-Convertible Debentures (NCDs). The issuance comprises 75,000 debentures, each with a face value of ₹1,00,000. This fundraising activity falls within the borrowing limits set by Section 180(1)(c) of the Companies Act, 2013, and the committee meeting concluded on March 2, 2026.
Balkrishna Industries Approves NCD Issuance
Balkrishna Industries Limited (BIL) has received approval from its Finance Committee of the Board of Directors to raise capital through debt instruments. The decision was finalized during a meeting held on March 2, 2026, which convened at 11:30 a.m. and concluded by 12:15 p.m.
Details of Fund Mobilization
The Company approved the issuance and allotment of Non-Convertible Debentures (“NCDs”) on a private placement basis. Key financial parameters are as follows:
- Total Issue Size: Aggregating up to INR 750 crores (Indian Rupees Seven Hundred Fifty crores).
- Number of Securities: Issuance of 75,000 NCDs.
- Face Value: Each debenture has a face value of INR 1,00,000 (Indian Rupees One Lakh only).
- Nature of Securities: The NCDs are rated, listed, unsecured, and redeemable.
The Finance Committee was granted delegated powers to finalize all terms and conditions for this issuance during a prior Board meeting held on February 8, 2021.
Compliance and Listing Status
The proposed issue of these NCDs is confirmed to be within the current borrowing limits applicable to the Company under Section 180(1)(c) of the Companies Act, 2013. While the issuance is via Private Placement, the securities are rated and will be listed. Specific details regarding the Designated Stock Exchange, tenure, allotment date, maturity date, and coupon structure will be disclosed at the time of allotment.
The debentures will be redeemed according to the pre-determined terms of the Deed of Trust (DTD), with no special rights or security charges created over the assets for this specific issuance.
Source: BSE
