Disclosure and intimation under Regulation 30 and 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015 - Outcome of the meeting of the Board of Directors.
In continuation to our letter No. HZL/2024-25/SECY/195 dated March 06, 2025 and pursuant to the provisions of Regulations 30 and 51 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we hereby inform that the duly authorized Committee of Directors at its meeting held today i.e., Monday, March 10, 2025, has considered and approved the issuance of unsecured, redeemable, rated, listed, non-convertible debentures ('NCDs' or ' Debentures') aggregating up to ? 500 Crore, which NCDs are to be issued in following three separately transferable and redeemable principal parts: (i) ? 100 Crore ("STRPP 1); (ii) ? 100 Crore ("STRPP 2 "); and (iii) ? 300 crore ("STRPP 3" together with STRPP 1 and STRPP 2 'STRPPS'), where the cumulative principal amount of the STRPPS shall not exceed ? 500 Crore.
