Nambiar Builders modifies ₹275 Cr bank charge in December 2025 MCA filing
MCA Filing: Nambiar Builders Modifies ₹275 Crore Bank Charge
Nambiar Builders Private Limited filed a modification to an existing secured charge with the Ministry of Corporate Affairs on 4 December 2025. The charge, registered with ID 100909931, was originally filed on 17 April 2024 and carries a value of ₹275 Crore.
Filing Details
The modification reflects an update to the company's financing arrangements. Bank charges in corporate filings typically indicate either refinancing, restructuring of debt terms, or adjustments to existing credit facilities. The filing was processed through the MCA's digital portal and is now part of the public record for Nambiar Builders Private Limited (CIN: U45201KA2009PTC050747).
Developer Context
Nambiar Builders Private Limited was incorporated on 26 August 2009 and is registered at Registrar of Companies, ROC Bangalore. As of January 31, 2025, the group has incurred a total project cost of over ₹1,500 crore, which represents ~53% of the total budgeted cost, largely funded through customer advances to the tune of over 80% and balance through debt.
From April 2024 to January 2025, the group launched one new project District-25 and additional phase of Project Ellegenza aggregating to total saleable area over 20 lakh sq-ft and considering substantial launches, the group has sold over 18 lsf in this period, in value terms, the group has sold inventory of over ₹2,000 crore in 10MFY25 against close to ₹200 crore in FY23, marking a strong year on year growth. This growth was attributable to strong sales traction in its newly launched project- Nambiar District -25, where the company sold substantial inventory swiftly after its launch in January 2025.
Open Charges and Financing Position
The company holds ₹879.18 Cr open charges and ₹1,263.49 Cr settled loans. Nambiar Builders Private Limited generated a revenue of INR 364 Cr for the financial year ending on Mar 31, 2025, reflecting a 1-year revenue CAGR of -10% and an EBITDA CAGR of 2%.
Project Execution and Liquidity
As on January 31, 2025, the group has maintained free liquid investments of ₹65.27 crore, against scheduled debt commitments of close to ₹40.3 crore in the next four quarters, which provides sufficient liquidity cushion. The group's cash flow position is comfortable as Nambiar Group has healthy level of committed receivables, which covers over 136% of balance project cost and outstanding debt. The cash coverage ratio (CCR) is expected to remain comfortable in the near-to-medium term.
The latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025.