Himatsingka Seide's Securities Committee has approved the issuance of Series "E" Non-Convertible Debentures (NCDs) through a private placement.

This initiative involves 4000 NCDs, each with a face value of 5 Lakh rupees, aggregating to 200 Crore rupees.

These unlisted debentures carry an annual interest rate of 11.50%, payable quarterly, and have a 42-month tenure.

Principal repayment will occur in three installments after 30, 36, and 42 months.

This strategic move aims to secure long-term capital for the company's operations.