What the board approved
Avenue Supermarts Limited (DMART) told the exchanges that its Board of Directors, at a meeting held on 11th July 2026, approved the issuance of non-convertible debentures (NCDs) on a private placement basis, to be raised in one or more tranches. Per the filing, the meeting commenced at 1.30 p.m. and concluded at 2.50 p.m.
Terms yet to come
This is an approval notice, not a completed placement. The company said the detailed terms required under SEBI's Listing Obligations and Disclosure Requirements Regulations — such as coupon, tenor and tranche timing — would be submitted at the time of issuance and/or allotment. No pricing or maturity details were disclosed in this document.