Omaxe Limited, one of India’s leading real estate development companies, has announced that its wholly owned subsidiary Omaxe New Chandigarh Developers Private Limited has successfully raised ₹431 crore through the private placement of Non-Convertible Debentures (NCDs). This disclosure was made on July 28, 2025, in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, commonly referred to as SEBI LODR Regulations.

The funds were raised via the issuance and allotment of 43,100 Senior, Secured, Redeemable, Unlisted NCDs with a face value of ₹1 lakh each, amounting to a total capital infusion of ₹431 crore. The capital was secured from OCM India Opportunities XII Alternate Investment Fund Scheme I, marking a significant step in Omaxe’s funding and growth strategy.

Breakdown of the Transaction

The financial instrument used for this raise—Senior Secured Redeemable Non-Convertible Debentures (NCDs)—is a debt instrument that does not convert into equity shares and is typically issued to institutional investors. These NCDs:

• Are secured, implying that they are backed by the company’s assets or property.

• Are redeemable, meaning Omaxe is obliged to return the principal amount after a specified term.

• Are unlisted, so they won’t be traded on any stock exchange.

• Were issued via private placement, limiting the offer to select investors—in this case, a single institutional AIF.

Investor Profile: OCM India Opportunities XII AIF

The subscriber to these debentures is OCM India Opportunities XII Alternate Investment Fund Scheme I, a specialized investment vehicle focusing on structured real estate and infrastructure investments in India. These AIFs are known for backing growth-stage real estate developers with structured debt to fund land acquisition, project execution, and refinance obligations.

This deal reflects growing investor confidence in the New Chandigarh region’s real estate potential, as well as in Omaxe’s capability to deliver large-scale, integrated township projects.

About Omaxe New Chandigarh Developers Pvt. Ltd.

Omaxe New Chandigarh Developers Private Limited is a wholly owned subsidiary of Omaxe Ltd and is spearheading one of the company's flagship townships—Omaxe New Chandigarh. Located strategically near Chandigarh, this region has become a hotspot for planned residential, commercial, and retail development, driven by infrastructure development and high-end demand spillover from Chandigarh’s core city limits.

The fund raise is expected to be directed toward:

• Accelerating project construction timelines,

• Funding key infrastructure and approvals, and

• Enhancing land bank utilization for upcoming development phases.

Strategic Impact of the Fund Raise

The infusion of ₹431 crore in long-term secured debt comes at a time when India’s real estate sector is witnessing renewed interest, especially in tier-2 and emerging cities. This capital will enable Omaxe to:

• Strengthen balance sheet flexibility by reducing dependency on high-interest working capital lines.

• Fund capital expenditure required for ongoing infrastructure in New Chandigarh and other strategic projects.

• Possibly refinance short-term obligations or accelerate key deliverables within its committed project pipeline.

Given that these are secured and redeemable NCDs, it ensures that investor security remains high, while offering the company the flexibility it needs to execute at scale.

Regulatory Compliance & Corporate Governance

The company’s timely disclosure of this transaction, in accordance with Regulation 30 of SEBI LODR, reflects its continued adherence to good governance, transparency, and shareholder communication standards.

Omaxe has ensured that this update has been:

• Disseminated to both NSE and BSE, where its shares are actively traded under Symbol: OMAXE and Scrip Code: 532880, respectively.

• Published on its official corporate website (www.omaxe.com) for public access and investor awareness.

About Omaxe Limited

Omaxe Limited, founded in 1987 and listed on the stock exchanges since 2007, is one of India’s oldest and most trusted real estate developers. The company has developed over 129 million sq. ft. across residential, commercial, townships, and retail spaces in over 29 cities and 9 states.

It is widely recognized for its work in Tier-II and Tier-III cities, where its affordable housing, integrated townships, and modern retail hubs have transformed urban infrastructure.

Omaxe's key differentiators include:

• Integrated township development model

• Strong land bank reserves

• In-house construction and execution teams

• Long-term institutional funding relationships

Forward-Looking Strategy

This NCD issuance strengthens Omaxe’s position as a financially agile and investor-focused developer, capable of raising large structured capital even in a cautious debt market. It aligns with their vision to:

• Expand in underpenetrated urban hubs

• Deliver value-focused real estate projects

• Retain capital efficiency and debt discipline

• Attract institutional partnerships for project financing and infrastructure execution

The company is expected to continue leveraging both equity and debt channels to optimize its cost of capital, enabling it to maintain execution pace across its major ongoing projects in Punjab, Uttar Pradesh, Madhya Pradesh, and Haryana.

Conclusion

The ₹431 crore fund raise by Omaxe New Chandigarh Developers Pvt. Ltd. through issuance of Non-Convertible Debentures to OCM India Opportunities XII AIF is a significant step in fortifying Omaxe's growth agenda. The funding will accelerate the company’s infrastructure and township development in New Chandigarh, bolster its financial resilience, and create long-term value for investors and stakeholders.

This move signals not only the strength of investor trust in Omaxe’s execution capabilities but also reflects the company’s evolving strategy to maintain liquidity and project continuity in an increasingly competitive and opportunity-rich real estate environment.

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