Godrej Industries Share Price Gains Over 2%; Board Approves Allotment of NCD’s Worth ₹1,000 Crore

Godrej Industries Limited announced that the Management Committee of the Board of Directors of the Company (“Committee”) approved the allotment of 1,00,000 rated, listed, unsecured, redeemable, non-convertible debentures (NCDs) on June 24, 2026.  

These debentures, issued on a private placement basis, have a face value of ₹1,00,000 each, aggregating to a total of ₹1,000 crore. 

Details of the Debenture Allotment 

The allotment comprises 50,000 NCDs in Series 1 and 50,000 NCDs in Series 2. Both series are listed on the National Stock Exchange of India Limited (NSE). The Series 1 debentures have a tenor of 63 months, maturing on September 24, 2031, while the Series 2 debentures have a tenor of 66 months, maturing on December 24, 2031. 

The coupon rate offered for both series is 8.23% per annum, payable annually. The schedule for coupon payments is set for June 24 each year, with the final payment coinciding with the redemption date. 

Purpose and Use of Proceeds 

The proceeds from this issuance are intended for business purposes, investments in corporate bodies, repayment or prepayment of certain loans, and general corporate purposes. The debentures are unsecured, with no special rights or privileges attached to them. 

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Key Information and Compliance 

The allotment was approved by the Management Committee of the Board of Directors of Godrej Industries on June 24, 2026. This decision follows the guidelines set by the Securities and Exchange Board of India (SEBI) under the Listing Obligations and Disclosure Requirements Regulations, 2015, and the Issue and Listing of Non-Convertible Securities Regulations, 2021. 

Godrej Industries Share Price Performance 

As of June 24, 2026, at 2:31 PM, Godrej Industries share price on NSE was trading at ₹1,160.60, up by 2.61% from the previous closing price. 

Conclusion 

Godrej Industries has successfully allotted 1,00,000 non-convertible debentures worth ₹1,000 crore. The debentures, divided into Series 1 and Series 2, offer an 8.23% annual coupon rate, with maturities set for September 24, 2031, and December 24, 2031, respectively. 

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