Sadbhav Engineering Limited (SADBHAV) — Corporate Action

📢 Key Event
Sadbhav Engineering allotted ₹713.25 crores in NCDs to lenders as debt restructuring.

🔄 What Changed
NCD-I: ₹363.76 crores, 9% coupon, maturity March 2031. NCD-II: ₹349.49 crores, 0.01% coupon with 8.99% convertible to equity, maturity March 2034. Both secured against movable and fixed assets.

🔮 What's Next
Redemption from operating cashflows per agreed schedules: NCD-I fully redeemed by March 2031; NCD-II by March 2034. Convertible portion of NCD-II subject to regulatory approval.

💡 Investor Takeaway
Restructuring increases debt obligations by ₹713.25 crores but reduces equity dilution risk through minimal 8.99% conversion on one tranche; repayment dependent on sustained operational cashflows.

Sadbhav Engineering Limited allotted ₹713.25 crores in non-convertible debentures (NCDs) across two tranches to existing lenders as part of debt restructuring. NCD-I (₹363.76 crores, 36,376 units) matures March 2031 at 9% interest. NCD-II (₹349.49 crores, 34,949 units) matures March 2034 at 0.01% interest, with 8.99% convertible into equity. Both are secured, unlisted, private placements redeemable from operating cashflows.

📄 View Original Announcement (PDF)

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