Grand Oak Canyons Distillery Allots Rs2067 Crore NCPS On Loan Conversion

Board on 5 Nov 2026 allotted 206.7Cr 2% non-cumulative NCPS of Rs10 for Rs2067 Cr via loan conversion to Alstone Rs620 Cr, Genesis Rs722 Cr, Hillridge Rs725 Cr, 20-year redeemable at par. No fresh cash; converts loans to long-dated pref, completing long-pending placement earlier shown as not started. Allottees are existing lenders, easing repayment but creating senior claim. Shifts debt to 20-year pref; payout stays heavy vs micro income. Allotment filing, treatment reconciliation and remaining loan conversion undisclosed; qualified-accounts overhang persists.