Description

BSE announces the listing of new debt securities (NCD) of Sadbhav Gadag Highway Private Limited worth Rs. 100,000 face value with 20% p.a. interest rate, maturing on October 29, 2028.

Summary

BSE has listed new debt securities of Sadbhav Gadag Highway Private Limited issued on a private placement basis, effective December 3, 2025. The securities are non-convertible debentures with a face value of Rs. 100,000, carrying an interest rate of 20% per annum, payable half-yearly, with maturity on October 29, 2028. The securities are rated ACUITE BB+ and will trade only in dematerialized form.

Key Points

  • Issuer: Sadbhav Gadag Highway Private Limited
  • Scrip Code: 977339
  • Scrip ID: 20SGHPL28
  • ISIN: INE04AP07024
  • Face Value: Rs. 100,000
  • Issue Price: Rs. 100,000
  • Quantity: 1,000 debentures
  • Market Lot: 1
  • Interest Rate: 20% per annum
  • Interest Payment: Half-yearly (March 31 and October 29)
  • Credit Rating: ACUITE BB+
  • Date of Allotment: December 1, 2025
  • Maturity Date: October 29, 2028
  • Put/Call Option: Not Applicable
  • Trading Mode: Dematerialized form only
  • Tick Size: 1 paise

Regulatory Changes

No regulatory changes are introduced by this circular. This is a standard listing notification for privately placed debt securities.

Compliance Requirements

  • Trading members must ensure that these securities are traded only in dematerialized form under the specified ISIN (INE04AP07024)
  • Members should refer to the Placement Memorandum available at BSE’s debt memorandum portal for detailed information
  • For clarifications, trading members may contact BSE’s debt department at specified phone numbers (22728352/8597/8995/5753/8915)

Important Dates

  • Date of Allotment: December 1, 2025
  • Listing Date: December 3, 2025
  • First Interest Payment: March 31, 2026
  • Subsequent Interest Payments: Half-yearly until October 29, 2028
  • Redemption Date: October 29, 2028

Impact Assessment

This circular has minimal market-wide impact as it relates to the listing of privately placed debt securities of a single company. The impact is limited to:

  • Investors: Provides liquidity option for holders of these privately placed debentures
  • Trading Members: Informational notice for potential trading in these securities
  • Issuer: Enhances marketability of debt securities through BSE listing

The BB+ credit rating indicates below investment-grade quality, and the 20% interest rate reflects the higher risk profile. This is a routine listing with no broader market implications.

Impact Justification

Routine listing announcement for privately placed debt securities of a specific company with limited market-wide impact