In a regulatory submitting on Friday, the corporate knowledgeable {that a} debenture committee in its assembly has accepted the allotment of 87,500 NCDs of face worth of Rs 1 lakh every aggregating to Rs 875 crore on personal placement foundation.
Signature World didn’t disclose the title of traders who’ve subscribed to those NCDs.
The committee had earlier accepted the phrases for issuance of those NCDs.
The tenure of the NCDs, having a coupon charge of 11 per cent, can be 3 years, 2 months and 30 days. The date of maturity is January 15, 2029.
The quantity might be used for reimbursement of the prevailing debt and progress capital, an organization official mentioned. Gurugram-based agency Signature World is without doubt one of the main actual property builders within the nation. In 2024-25, the corporate emerged because the fifth-largest listed actual property agency by way of gross sales bookings. The corporate offered properties price Rs 10,290 crore within the final fiscal and is focusing on Rs 12,500 crore in pre-sales within the present monetary 12 months.
Throughout the April-September interval of 2025-26, the Gurugram-based firm reported a 21 per cent decline in gross sales bookings to Rs 4,650 crore from Rs 5,900 crore within the year-ago interval, in accordance with its newest operational replace.
“With a strong launch plan and a disciplined monetary method, we stay assured of sustaining progress momentum within the coming quarters, assembly our annual efficiency targets throughout key parameters, and are totally comfy with our steerage throughout all working metrics, together with pre-sales, collections and internet debt,” Signature World Chairman Pradeep Kumar mentioned just lately.
The corporate has to this point delivered 15.7 million sq ft of actual property. Its challenge pipeline stays sturdy, comprising 17.1 million sq ft of just lately launched initiatives, 24.5 million sq ft of forthcoming developments, and 9.2 million sq ft of ongoing development.
