Draft a letter of allotment to debentureholder.
Q.7 (ii) Draft a letter of allotment to debentureholder.
Q.7 (ii) Draft a letter of allotment to debentureholder.
Best answer
Answer: Specimen letter
STAR INDUSTRIES LIMITED
Regd. Office: 21, Karve Road, Pune 411004
CIN: L00000MH2005PLC000000 | Tel: 020-25550000 | Email: secretary@starind.in
Ref. No.: SIL/SEC/DEB/ALT/2026/58
Date: 12 June 2026
Mrs. Sunita Kulkarni
7, Gangapur Road,
Nashik 422013
Subject: Letter of allotment of debentures
Dear Madam,
We thank you for your application No. 4521 dated 15 May 2026 for 100 secured non-convertible debentures of ₹ 1,000 each of the company.
We are pleased to inform you that the Board of Directors at its meeting held on 10 June 2026 has allotted to you 100 10% Secured Non-Convertible Debentures of ₹ 1,000 each, as follows:
| Number of debentures allotted | 100 |
| Distinctive Nos. | 50,001 to 50,100 |
| Rate of interest | 10% p.a., payable half-yearly on 30 September and 31 March |
| Amount paid on application | ₹ 1,00,000 |
| Redemption | At par at the end of 5 years from the date of allotment |
The debentures are secured by a charge on the fixed assets of the company in favour of the debenture trustee, XYZ Trusteeship Services Ltd. The debentures have been credited to your demat account (DP ID: IN300000, Client ID: 10000001) as per the details given in your application. You may verify the credit in your next statement of holding.
We welcome you as a debentureholder of the company.
Thanking you,
Yours faithfully,
For Star Industries Limited
(Signature)
Company Secretary
Log in or create a free account to answer this question.