S R Industries Approves Issuance of Unlisted Unrated CCDs

S R Industries Ltd has announced the approval of issuing unlisted and unrated Compulsory Convertible Debentures (CCDs). This strategic move is aimed at strengthening the company's financial structure and supporting its long-term growth objectives. The issuance will be carried out in one or more tranches, subject to necessary approvals and compliance with the Companies Act, 2013, and SEBI regulations.

 

The decision was made during the company's board meeting, reflecting its commitment to exploring innovative financial instruments to enhance capital efficiency. The issuance of CCDs is expected to provide flexibility in raising funds while aligning with the company's strategic goals.

 

Key highlights of the announcement include the approval of the issuance process, the focus on compliance with regulatory frameworks, and the anticipated impact on the company's financial stability and growth trajectory. This development underscores S R Industries' proactive approach to financial management and its dedication to creating value for stakeholders.

 

Sources: Economic Times, Business Standard, BSE Filings.