Balkrishna Industries Limited (BIL) announced that its Finance Committee of the Board of Directors, in a meeting held on March 2, 2026, has approved the issuance and allotment of 75,000 rated, listed, unsecured, redeemable, non-convertible debentures. Each debenture has a face value of ₹1,00,000 (One Lakh Rupees), aggregating up to ₹750 crore (Seven Hundred Fifty Crore Rupees). These debentures will be issued in one or multiple tranches on a private placement basis. The company's Board of Directors had previously delegated powers to the Finance Committee on February 8, 2021, to decide all terms and conditions for the issuance of non-convertible debentures. The proposed issuance falls within the company's current borrowing limits as per Section 180(1)(c) of the Companies Act, 2013. The meeting of the Finance Committee commenced at 11:30 a.m. and concluded at 12:15 p.m. on March 2, 2026. Further details regarding the designated stock exchange, tenure, coupon/interest rates, and redemption will be disclosed at the time of allotment.
