SWELECT Energy Systems Limited has approved the allotment of secured, unlisted, rated, redeemable, non-cumulative, taxable, and non-convertible debentures (NCDs) worth ₹138.5 crores through a private placement to India Infradebt Limited. This decision was made during the company’s board meeting on February 25, 2025.
The NCDs have a face value of ₹10 lakh each, with a total of 1,385 debentures issued. These securities carry an average interest rate of 9.5% per annum, with monthly interest payments. The debentures have a tenure of 12.5 years and will mature on March 31, 2037. The repayment will be made either from company profits or through fresh issues.
To secure the debentures, SWELECT has created a hypothecation or pledge in favor of the debenture trustee. In case of delayed payments beyond three months, an additional 1% per annum interest will be charged on the overdue amount.
This investment aims to support SWELECT’s business operations and future growth plans.
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