The Board of Directors of Himatsingka Seide Limited, in their meeting held on May 27, 2026, has approved the issuance of Non-Convertible Debentures (NCDs) through a private placement basis [cite: 1]. The company plans to raise capital through two separate series of debentures to support its financial requirements [cite: 1].

The board approved the issuance of Series “C” NCDs amounting to Rs. 50 Crores and Series “1” NCDs aggregating to Rs. 550 Crores, with an additional Green Shoe option of up to Rs. 250 Crores [cite: 1]. These instruments are senior, secured, and taxable, with a tenure of 42 months from the deemed date of allotment and a coupon rate of 11.50% per annum, payable quarterly [cite: 1]. The principal repayment for both series is scheduled in three installments at the end of 30, 36, and 42 months [cite: 1].

Himatsingka Seide Limited is a prominent player in the home textile industry, known for its vertically integrated manufacturing facilities and global presence [cite: 1]. Throughout 2025, the company focused on optimizing its manufacturing operations and strengthening its market position in the textile segment. Recent updates highlight the company’s commitment to leveraging its manufacturing plants in Hassan and Doddaballapur to meet international demand standards [cite: 1]. The company continues to maintain a strategic focus on expanding its product portfolio within the home textiles market.

As this announcement relates to a board meeting regarding capital raising rather than quarterly financial results, specific revenue and profit growth percentages are not applicable in this context. There are no notable disclosures regarding individual famous investors associated with this specific issuance in the provided notice.