Debt For Growth: Signatureglobal Approves ₹875 Crore NCD Issue To Fuel Expansion

Image Source : The Hans India

Signatureglobal (India) Ltd has approved the issuance of ₹875 crore in non-convertible debentures to support expansion and refinance debt. Backed by a CARE A+ rating, the funds will fuel land acquisition and construction. The move aligns with the company’s aggressive growth plans and strong sales momentum in the housing sector.

Signatureglobal (India) Ltd has received board approval to raise up to ₹875 crore through secured, listed, redeemable non-convertible debentures (NCDs) via private placement. The move is part of the company’s broader financial strategy to support land acquisitions, construction activity, and debt refinancing amid robust sales momentum.

Issue Highlights

- The NCDs will be issued in one or more tranches, subject to necessary regulatory approvals

- Funds will be used to refinance existing debt and support ongoing business expansion, including new housing projects in Gurugram and surrounding areas

- The company has received a CARE A+ rating for the proposed NCDs, reflecting strong liquidity, timely project delivery, and sustained sales growth

- Signatureglobal is also conducting a postal ballot to seek shareholder approval for increasing borrowing limits and amending its Articles of Association to accommodate the new issuance

- The NCDs will be listed, enhancing transparency and investor access

Strategic Context

- Signatureglobal plans to invest ₹4,000 crore in FY26, up from ₹2,970 crore in FY25, with a focus on land acquisition and construction

- Recent acquisitions include 48 acres across Sectors 71, 37D, and 88A in Gurugram, and 8.38 acres in Sector 37D, expected to generate ₹3,200 crore in revenue

- The company has delivered 13.5 million sq ft to date and has 46 million sq ft in the pipeline

Performance Momentum

- In FY25, Signatureglobal’s sales bookings surged 42% to ₹10,290 crore, with average realization rising to ₹12,457 per sq ft

- Collections grew 40% to ₹4,380 crore, supported by strong demand and successful launches of over seven new projects

- The company’s inventory overhang remains low at two quarters, indicating healthy absorption and steady cash flows

Outlook

- The NCD issuance strengthens Signatureglobal’s financial flexibility and positions it to capitalize on rising demand in the affordable and mid-income housing segments

- Analysts expect the company to maintain its growth trajectory, supported by disciplined execution and strategic land banking

- The move also signals confidence in India’s real estate recovery and investor appetite for structured debt instruments

Sources: MoneyWorks4Me, HDFC Sky, Realty First Mag

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