Solar Industries India Limited has officially confirmed the complete fulfillment of its payment obligation related to the Commercial Paper (CP) issued on December 23, 2025. The CP, amounting to Rs. 100 Crores and issued in favor of Kotak Mahindra Bank Limited, reached its maturity date on March 23, 2026. The company verified that the entire redemption amount was successfully paid on the due date, as required by corporate disclosure norms.
Payment Obligation Fulfilled for Commercial Paper
Solar Industries India Limited today issued a formal certificate confirming that it has successfully met its financial commitment regarding a specific Commercial Paper (CP) issuance. This confirmation serves to inform the stock exchanges regarding the timely redemption of the debt instrument.
Details of the Commercial Paper
The instrument in question was issued by Solar Industries India Limited on December 23, 2025. The total face value or principal amount of the CP was Rs. 100 Crores. The designated beneficiary for this issuance was Kotak Mahindra Bank Limited.
The critical dates associated with this CP are as follows:
- ISIN: INE343H14212
- Original Due Date: 23-03-2026
- Actual Date of Payment: 23-03-2026
Certification of Timely Redemption
The company hereby certifies that the entire redemption amount of Rs. 100 Crores pertaining to this Commercial Paper was paid by Solar Industries India Limited precisely on the maturity date, which was March 23, 2026. This action confirms compliance with the terms set forth at the time of issuance.
This formal declaration is made for the necessary information and record-keeping purposes of the respective stock exchanges.
Source: BSE
