| <p>Anupam Rasayan India Limited has issued 14,500 non-convertible, secured debentures totaling INR 145 Crores (approximately $17.5 million USD) through a private placement to raise capital. The transaction, governed by Indian laws and regulations, is secured by a first-ranking charge on an escrow account held with Axis Bank Limited, providing significant protection for debenture holders. CTL Trusteeship Limited was appointed as the independent debenture trustee, representing the interests of investors and possessing powers to protect their investment, including the ability to take possession and sell assets in case of default. The debenture trustee is not related to Anupam Rasayan’s promoters and the engagement was conducted at arm’s length, minimizing potential conflicts of interest.</p> |