Dhunseri Tea & Industries Limited has announced that it has entered into a Debenture Subscription Agreement with its wholly owned subsidiary, Dhunseri Petrochem & Tea Pte Ltd (DPTPL), to subscribe to Optional Convertible Debentures (OCDs) worth USD 0.4 million, according to the company’s exchange filing dated November 27, 2025.
The filing notes that the debentures, issued by DPTPL, will carry an interest rate of 7.5% per annum, with interest accumulating annually and payable only upon redemption or conversion. The OCDs may be converted into equity shares within seven years, at a conversion price determined on an arm’s-length basis and as per accepted valuation norms. The company clarified that this transaction qualifies as a related-party transaction, given that DPTPL is a wholly owned subsidiary, but is conducted at arm’s-length terms.
Dhunseri Tea & Industries also confirmed that the deal does not impose any material restrictions, liabilities, or impact on the management or control of the listed entity.
