Interest rate on ₹15 crore unlisted NCDs revised from 9.75 % to 10%, effective October 7, 2026

Apollo Finvest has informed BSE that the interest rate on its unlisted Non-Convertible Debentures (NCDs) has been revised from 9.75 % to 10%.

Wed 7 Oct 2026

Interest Rate Revision

from 9.75 % to 10%

NCD Issue Size (Private Placement)

₹15 crore

Revised Rate Effective From

October 7, 2026

What was announced

Apollo Finvest (India) Ltd has informed BSE that the interest rate on its unlisted Non-Convertible Debentures (NCDs) has been revised from 9.75 % to 10%.

• The NCDs were issued on a private placement basis for an amount of ₹15 crore.
• The revision has been approved pursuant to consent received from the debenture holder(s).
• The revised rate is effective from October 7, 2026.
• These are unlisted Non-Convertible Debentures.
• The intimation was sent to BSE under Regulation 30 of the Listing Regulations.

What is a Non-Convertible Debenture, in simple words

A debenture is a debt instrument. The company borrows money from investors and pays interest on that borrowing, and the debentures cannot be converted into equity shares. "Unlisted" means these particular debentures are not traded on a stock exchange; the arrangement is between the company and the debenture holders.

Why the rate changed

The company states that the revision was approved pursuant to consent received from the debenture holder(s). In other words, the holders of these debentures consented to the change before it was made effective.

What it can mean

• The company will pay interest at 10% instead of 9.75 % on these debentures going forward, which means a higher interest outflow on this borrowing of ₹15 crore.
• For the debenture holders, the revised rate means interest income is calculated at the higher rate on the same amount.
• The change applies from October 7, 2026.

The perception this can create

An upward revision in the coupon on existing borrowings can be read as a higher cost of funds for the company on this instrument, while for the holders of the debentures it is a higher return. The update does not give any reason for the revision, other than the consent of the debenture holders.

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