Bloom Industries Pledges Assets To Secure ₹113 Crore Shivom Minerals NCD Issue

Board approved creation of security over assets including pledge of 9.4% stake in Shivom Minerals to secure its Rs113 Cr NCD issue and convening EGM on Nov 30 via VC. Shivom Minerals is a promoter-group entity; NCDs are 11,300 unlisted unrated secured redeemable of Rs1 lakh each. EGM seeks shareholder approval with e-voting Nov 27-29. Puts listed-entity assets at risk for group debt; other assets covered under debenture documents not quantified. NCD coupon, tenure and use of proceeds not disclosed.