Aditya Birla Real Estate Exercises Call Option for Early Redemption of ₹250 Crore NCDs Scheduled for May 4, 2026
Aditya Birla Real Estate Exercises Early Redemption of ₹250 Crore NCDs
Aditya Birla Real Estate Limited announced on April 9, 2026, its decision to exercise the call option for early redemption of its 8.05% non-convertible debentures (NCDs) worth ₹250 crore.
Redemption Terms and Timeline
The redemption involves 25,000 debentures with a face value of ₹1,00,000 each, with a record date set for April 17, 2026, and redemption scheduled for May 4, 2026. The total redemption amount of ₹2,58,58,39,041 includes principal, accrued interest of ₹3,58,39,041, and a premium of ₹5,00,00,000.
The redemption process follows the terms stated in the Second Amendment Debenture Trust Deed dated March 30, 2026, read with the Original Debenture Trust Deed dated March 1, 2024, with SBICAP Trustee Company Limited serving as the debenture trustee and ICICI Bank Limited as the debenture holder.
Strategic Debt Management
By retiring this specific instrument ahead of its maturity, the company aims to optimize its capital structure and potentially lower future interest expenses, underscoring a commitment to deleveraging as the real estate arm of the Aditya Birla Group expands its project pipeline. The move came shortly after a similar settlement of ₹400 crore in non-convertible debentures (NCDs) on April 24, 2026, reflecting a pattern of active debt management.
The announcement drove Aditya Birla Real Estate's share price to an intraday high of ₹1,378.5 per share on the NSE, climbing as much as 6.91 per cent, with the northward movement coming on the back of its announcement to exercise a call option to redeem non-convertible debentures worth ₹250 crore before maturity.
Financial Context
Aditya Birla Real Estate Limited announced its audited financial results for the year ended March 31, 2026, reporting a robust net profit of ₹128.64 crore from continuing operations. The Board recommended a dividend of ₹2.50 per share, representing a 25% payout, compared to 20% in the previous year.
Birla Estates delivered exceptional FY26 performance with ₹8,136 crores booking value and 23.5% collections growth, with NCR leading through Birla Pravaah (₹1,851 crores) and Birla Arika Phase 2 (₹1,600 crores), while Bengaluru contributed through Birla Trimaya Phase 4 (₹649 crores) and Birla Evara (₹1,044 crores).
About Birla Estates
Aditya Birla Group, with its legacy spanning 125 years, entered the real estate sector in 2016 with Aditya Birla Real Estate Limited (formerly Century Textiles and Industries Limited), and within a short period has emerged as one of the prominent builders in the nation with several premium and luxury residential housing developments, headquartered in Mumbai with regional offices in Mumbai, NCR, Bangalore, and Pune.
In case of any payment delays beyond the call option date, the company will be liable to pay interest on the overdue amount at 15% per annum until actual payment.