Walchandnagar Industries Limited announced that at its board meeting held on July 15, 2024, approved issuance of Unlisted, Secured, Redeemable, Non-convertible Debentures (NCDs) by the Company on a Private Placement basis up to INR 740,000,000 within the borrowing limits of the Company as approved by the shareholders in accordance with Section 180 of the Indian Companies Act, 2013. Tenure of the instrument - date of allotment and date of maturity; Tenure - 4 (Four) years from the date of allotment. Date of Allotment -will be informed post allotment Date of Maturity - June 30, 2028 Coupon/interest offered, schedule of payment of coupon/interest and principal; 17.5% p.a., payable monthly.