Mumbai, July 23 -- This payment would mark the full repayment of the total debt of Rs 2,125 crore undertaken for the acquisition of Butterfly Gandhimathi Appliances, a 75% subsidiary.

The repayment effort has involved settling all five scheduled tranches, reinforcing the company's strategy to minimize debt and thereby significantly reduce interest costs.

Kaleeswaran Arunachalam, chief financial officer and head of strategy, said: "With the repayment of this final tranche of NCDs of Rs 323 crore (principal + interest), we are pleased to announce that we have transitioned to a zero-debt position.

This significant milestone is a testament to the resilience and effectiveness of our business model and operational strategies, which have gene...