SURAJEST

Suraj Estate Developers; Approves ₹45 Cr NCD Allotment • 💼 NCD Issuance: Board approved allotment of 4.5 Cr unlisted, secured, non-convertible debentures (NCDs) of ₹10 face value each. • 💰 Issue Size: Total fundraising of up to ₹45 Cr via private placement. • 🏦 Investor & Trustee: Issued to IDBI Trusteeship Services Ltd, acting as Trustee for India Real Estate Investment Fund Series 2. • ⏳ Tenure & Repayment: 42-month tenure with 24-month principal moratorium; repayment in 18 equal monthly instalments from month 25. • 📈 Interest Structure: 12% p.a. for first 24 months; 17% p.a. thereafter, payable monthly. 🟡 Impact: Neutral Strengthens liquidity position, though relatively higher post-moratorium interest cost may weigh on finance expenses.