The board of Ajmera Realty & Infra India approved a significant fundraising proposal during its meeting held on 10 September 2026. According to reports from Business Standard, the board has sanctioned the issuance of Non-Convertible Debentures (NCDs), Bonds, or other instruments on a private placement basis. The proposal encompasses both secured and unsecured instruments, as well as listed and unlisted securities that may be redeemable or rated. The approval was granted during the board meeting held on September 10, 2026, following the initial intimation issued by the company on September 4, 2026, under Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The approved fundraising amount represents a substantial capital raising initiative for the real estate company. As reported by Business Standard, the board has authorized the issuance of Non-Convertible Debentures/Bonds/other instruments for an aggregate amount not exceeding ₹500 crore. The proposal allows for the issuance in one or more tranches, providing flexibility in the execution timeline and funding structure. The instruments may be secured or unsecured, listed or unlisted, redeemable or rated, with no further details regarding the coupon rate, tenor, or credit rating disclosed at this stage.
The fundraising initiative comes as Ajmera Realty & Infra India's current market capitalization stands at ₹2,300 crore. The proposal is subject to the approval of the Members of the Company, ensuring proper governance and transparency in the fundraising process. The final outcome was disclosed pursuant to Regulation 30 of the same regulations, with no further details regarding the coupon rate, tenor, or credit rating disclosed at this stage. Additional information is expected to emerge following further disclosures, as the company continues to evaluate specific projects or strategic initiatives for funding with these proceeds.
