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 periods.

Summary

BSE has listed seven series of secured redeemable non-convertible debentures (NCDs) issued by Chemmanur Credits and Investments Limited. The debentures have face value of Rs. 1,000 per NCD, allotted on November 10, 2025, with coupon rates ranging from 10.50% to 12.00% per annum and maturity periods extending from 2026 to 2031.

Key Points

  • Total of 7 series of secured NCDs listed with different terms and coupon rates
  • Face value and issue price: Rs. 1,000 per NCD for all series
  • Date of allotment: November 10, 2025
  • Credit rating: IND BBB-/Stable
  • Market lot: One NCD
  • No put/call options available
  • Four series (I-IV) have monthly interest payments; three series (V-VII) are cumulative
  • Total NCDs issued: 935,377 across all seven series

Series Details

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

  • Coupon: 10.50% per annum (Effective yield: 11.02%)
  • Number of securities: 143,748
  • Redemption: Rs. 1,000 per NCD on May 11, 2027
  • First interest payment: January 1, 2026

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

  • Coupon: 10.90% per annum (Effective yield: 11.46%)
  • Number of securities: 98,635
  • Redemption: Rs. 1,000 per NCD on November 10, 2027
  • First interest payment: January 1, 2026

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

  • Coupon: 11.30% per annum (Effective yield: 11.90%)
  • Number of securities: 94,201
  • Redemption: Rs. 1,000 per NCD on November 10, 2028
  • First interest payment: January 1, 2026

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

  • Coupon: 12.00% per annum (Effective yield: 12.68%)
  • Number of securities: 209,404
  • Redemption: Rs. 1,000 per NCD on November 9, 2030
  • First interest payment: January 1, 2026

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

  • Effective yield: 9.50% per annum
  • Number of securities: 126,399
  • Redemption: Rs. 1,095.27 per NCD on November 11, 2026
  • No periodic interest payments

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

  • Effective yield: 11.00% per annum
  • Number of securities: 103,539
  • Redemption: Rs. 1,232.00 per NCD on November 10, 2027
  • No periodic interest payments

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

  • Effective yield: 12.62% per annum
  • Number of securities: 159,451
  • Redemption: Rs. 2,000.28 per NCD on September 10, 2031
  • No periodic interest payments

Regulatory Changes

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

Compliance Requirements

  • Trading in these NCDs will commence on BSE’s debt segment
  • Market participants should note the respective scrip codes and ISINs for trading
  • Standard BSE debt market trading rules and regulations apply

Important Dates

  • Date of Allotment: November 10, 2025
  • First Interest Payment Date (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

Market Impact: Low - This is a routine listing of debt securities that primarily affects investors who participated in the NCD issuance. The listing provides liquidity to NCD holders through exchange-based trading.

Investor Impact: The seven series offer varying risk-return profiles with different maturity periods (1-6 years) and interest payment structures. The credit rating of IND BBB-/Stable indicates moderate credit quality with stable outlook. Investors seeking fixed income securities with monthly interest (Series I-IV) or cumulative returns (Series V-VII) now have exchange-traded liquidity.

Impact Justification

Routine listing of debt securities affecting only specific NCD investors of Chemmanur Credits and Investments Limited