Suraj Estate Developers Plans ₹45 Crore NCD Issue

Suraj Estate Developers Limited on Tuesday informed the exchanges that its Management Committee will meet on February 20, 2026, to consider raising up to ₹45 crore through a private placement of non-convertible debentures (NCDs).

The intimation, filed under Regulation 29(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, stated that the committee will evaluate and, if deemed appropriate, approve the proposed fundraise at its meeting scheduled for Friday.

Details of the Proposed NCD Issue

According to the filing dated February 17, the company plans to issue unlisted, secured, redeemable, non-convertible debentures with a face value of ₹10 each, aggregating up to ₹45,00,00,000 (₹45 crore).

The proposed instruments are non-convertible in nature, meaning they will not be converted into equity shares. Such debentures typically carry a fixed tenure and coupon, with redemption terms specified at the time of issuance.

The company has not disclosed further details on tenure, pricing or utilisation of proceeds at this stage. These may be finalised subject to approval at the committee meeting.

Trading Window Closed Ahead of Meeting

In accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the company’s securities has been closed for designated persons and their immediate relatives with immediate effect.

The trading window will reopen 48 hours after the outcome of the February 20, 2026 meeting is made public.

Suraj Estate Market Snapshot

As of 2:26 PM IST on February 17, shares of Suraj Estate Developers were trading at ₹221.00 on the NSE, down ₹1.19 or 0.54% from the previous close of ₹222.19.

The stock opened at ₹220.00 and has traded in the range of ₹220.00 to ₹226.45 so far during the session.

At the current price, the company’s market capitalisation stood at ₹1.06K crore. The stock has a 52-week high of ₹398.70 and a 52-week low of ₹209.30. Its price-to-earnings (P/E) ratio is 10.74, as per exchange data.

Source:

• https://www.bseindia.com/xml-data/corpfiling/AttachLive/e8fc5b5e-721d-4504-89c2-ba04f9a32434.pdf
• https://www.bseindia.com/stock-share-price/suraj-estate-developers-ltd/surajest/544054/corp-announcements/