Description

BSE lists seven series of secured redeemable non-convertible debentures issued by Chemmanur Credits and Investments Limited with varying tenures, coupon rates, and redemption structures.

Summary

BSE has listed seven series of secured redeemable non-convertible debentures (NCDs) issued by Chemmanur Credits and Investments Limited. The debentures were allotted on November 10, 2025, with a total of 935,377 NCDs across all series. The NCDs have face values of Rs. 1,000 per NCD and varying maturity periods ranging from 1 year to approximately 6 years, with coupon rates between 10.50% and 12.00% per annum. The debentures carry an IND BBB-/Stable credit rating.

Key Points

  • Total of 935,377 NCDs issued across seven series (I through VII)
  • Face value and issue price: Rs. 1,000 per NCD for all series
  • Coupon rates range from 10.50% to 12.00% per annum
  • Effective yields range from 9.50% to 12.68% per annum
  • Series I-IV: Monthly interest payment structure
  • Series V-VII: Cumulative interest structure (no periodic payments)
  • Credit rating: IND BBB-/Stable
  • Market lot: One NCD
  • No put/call options available
  • Allotment date: November 10, 2025

Debenture Series Details

Series I (Scrip Code: 940745)

  • ISIN: INE051307BZ5
  • Number of securities: 143,748
  • Coupon: 10.50% per annum
  • Effective yield: 11.02%
  • Maturity: May 11, 2027
  • Redemption amount: Rs. 1,000
  • First interest payment: January 1, 2026

Series II (Scrip Code: 940747)

  • ISIN: INE051307BY8
  • Number of securities: 98,635
  • Coupon: 10.90% per annum
  • Effective yield: 11.46%
  • Maturity: November 10, 2027
  • Redemption amount: Rs. 1,000
  • First interest payment: January 1, 2026

Series III (Scrip Code: 940749)

  • ISIN: INE051307CD0
  • Number of securities: 94,201
  • Coupon: 11.30% per annum
  • Effective yield: 11.90%
  • Maturity: November 10, 2028
  • Redemption amount: Rs. 1,000
  • First interest payment: January 1, 2026

Series IV (Scrip Code: 940751)

  • ISIN: INE051307CA6
  • Number of securities: 209,404
  • Coupon: 12.00% per annum
  • Effective yield: 12.68%
  • Maturity: November 9, 2030
  • Redemption amount: Rs. 1,000
  • First interest payment: January 1, 2026

Series V (Scrip Code: 940753) - Cumulative

  • ISIN: INE051307CB4
  • Number of securities: 126,399
  • Nature: Cumulative
  • Effective yield: 9.50%
  • Maturity: November 11, 2026
  • Redemption amount: Rs. 1,095.27
  • No periodic interest payments

Series VI (Scrip Code: 940755) - Cumulative

  • ISIN: INE051307BX0
  • Number of securities: 103,539
  • Nature: Cumulative
  • Effective yield: 11.00%
  • Maturity: November 10, 2027
  • Redemption amount: Rs. 1,232.00
  • No periodic interest payments

Series VII (Scrip Code: 940757) - Cumulative

  • ISIN: INE051307CC2
  • Number of securities: 159,451
  • Nature: Cumulative
  • Effective yield: 12.62%
  • Maturity: September 10, 2031
  • Redemption amount: Rs. 2,000.28
  • No periodic interest payments

Regulatory Changes

No regulatory changes announced. This is a standard listing notification.

Compliance Requirements

  • Chemmanur Credits and Investments Limited must comply with BSE listing requirements for debt securities
  • Regular interest payments required for Series I-IV starting January 1, 2026
  • Timely redemption of principal amounts on respective maturity dates
  • Ongoing disclosure obligations as per SEBI debt listing regulations

Important Dates

  • Allotment Date: November 10, 2025
  • First Interest Payment (Series I-IV): January 1, 2026
  • Series V Maturity: November 11, 2026
  • Series I Maturity: May 11, 2027
  • Series II & VI Maturity: November 10, 2027
  • Series III Maturity: November 10, 2028
  • Series IV Maturity: November 9, 2030
  • Series VII Maturity: September 10, 2031

Impact Assessment

This listing has minimal market-wide impact and is primarily relevant to:

  • Fixed-income investors: New investment opportunities with BBB- rated secured debt offering yields between 9.50% and 12.68%
  • Chemmanur Credits and Investments Limited: Successful fundraising through debt issuance totaling approximately Rs. 93.54 crore (assuming full subscription)
  • Market liquidity: Additional debt instruments available for trading on BSE platform

The BBB- rating indicates moderate credit quality with adequate capacity to meet financial commitments but some vulnerability to adverse economic conditions. Investors should consider credit risk alongside the attractive yield offerings.

Impact Justification

Routine listing of debt securities with limited market-wide impact, primarily relevant to fixed-income investors and the issuing company