Description

BSE announces listing of seven series of secured, redeemable non-convertible debentures issued by Chemmanur Credits and Investments Limited with varying coupon rates and maturity dates.

Summary

BSE has listed seven series of Secured Redeemable Non-Convertible Debentures (NCDs) issued by Chemmanur Credits and Investments Limited. The NCDs were allotted on November 10, 2025, with face value of Rs. 1,000 per NCD across all series. The securities include both monthly interest-paying and cumulative options with coupon rates ranging from 10.50% to 12.00% per annum and maturity dates extending from 2026 to 2031.

Key Points

  • Total of 7 NCD series listed with aggregate 935,377 securities
  • Face value: Rs. 1,000 per NCD; Issue price: Rs. 1,000 per NCD
  • Four monthly interest-paying series (I, II, III, IV) with coupons of 10.50%, 10.90%, 11.30%, and 12.00%
  • Three cumulative series (V, VI, VII) with effective yields of 9.50%, 11.00%, and 12.62%
  • Date of allotment: November 10, 2025
  • Credit rating: IND BBB-/Stable
  • Market lot: One NCD
  • No put/call options available

Series Details

Series I (Scrip Code: 940745, ISIN: INE051307BZ5)

  • Securities: 143,748
  • Coupon: 10.50% p.a. (Monthly)
  • Effective Yield: 11.02%
  • Maturity: May 11, 2027
  • First Interest Payment: January 1, 2026

Series II (Scrip Code: 940747, ISIN: INE051307BY8)

  • Securities: 98,635
  • Coupon: 10.90% p.a. (Monthly)
  • Effective Yield: 11.46%
  • Maturity: November 10, 2027
  • First Interest Payment: January 1, 2026

Series III (Scrip Code: 940749, ISIN: INE051307CD0)

  • Securities: 94,201
  • Coupon: 11.30% p.a. (Monthly)
  • Effective Yield: 11.90%
  • Maturity: November 10, 2028
  • First Interest Payment: January 1, 2026

Series IV (Scrip Code: 940751, ISIN: INE051307CA6)

  • Securities: 209,404
  • Coupon: 12.00% p.a. (Monthly)
  • Effective Yield: 12.68%
  • Maturity: November 9, 2030
  • First Interest Payment: January 1, 2026

Series V (Scrip Code: 940753, ISIN: INE051307CB4)

  • Securities: 126,399
  • Cumulative with effective yield: 9.50% p.a.
  • Redemption Amount: Rs. 1,095.27
  • Maturity: November 11, 2026

Series VI (Scrip Code: 940755, ISIN: INE051307BX0)

  • Securities: 103,539
  • Cumulative with effective yield: 11.00% p.a.
  • Redemption Amount: Rs. 1,232.00
  • Maturity: November 10, 2027

Series VII (Scrip Code: 940757, ISIN: INE051307CC2)

  • Securities: 159,451
  • Cumulative with effective yield: 12.62% p.a.
  • Redemption Amount: Rs. 2,000.28
  • Maturity: September 10, 2031

Regulatory Changes

No regulatory changes announced.

Compliance Requirements

No specific compliance requirements for market participants. Standard trading and settlement procedures apply for listed debt securities.

Important Dates

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

Impact Assessment

This is a routine listing notification with limited market-wide impact. The NCDs provide investment opportunities in debt securities of Chemmanur Credits and Investments Limited rated at IND BBB-/Stable. The varying maturity profiles (1-6 years) and interest structures (monthly vs. cumulative) offer options for different investor preferences. The monthly interest-paying series suit income-seeking investors, while cumulative options appeal to those preferring lump-sum returns at maturity.

Impact Justification

Routine listing notification for NCDs of a single company with limited market-wide impact