Board approves allotment of 300 NCDs aggregating to Rs. 30 crore to RevX Special Credit Opportunities Fund II
300 secured, unrated, unlisted, redeemable NCDs allotted.
By ScoutQuest · · 2 min read
What the company said
The Board of GP Petroleums Ltd, through a resolution passed by circulation on November 06, 2026, considered and approved the allotment of 300 Secured, Unrated, Unlisted, Redeemable Non-Convertible Debentures (NCDs) on a private placement basis to RevX Special Credit Opportunities Fund II.
Key terms of the issue
- Number of debentures: 300
- Face value of each debenture: ₹10,00,000/- (Rupees Ten Lakh only)
- Total amount raised: ₹30,00,00,000/- (Rupees Thirty Crore only)
- Nature of instrument: Secured, Unrated, Unlisted, Redeemable Non-Convertible Debentures
- Mode of issue: private placement
- Allottee: RevX Special Credit Opportunities Fund II
What this means for a retail reader
A Non-Convertible Debenture is a loan instrument. The company borrows money from the investor and pays interest, and the principal is repaid on maturity; the money does not convert into equity shares. Because these debentures are described as secured, they carry a charge or security in favour of the holder as per the terms of issue.
The word unlisted here means these debentures are not traded on a stock exchange, and unrated means they do not carry a credit rating from a rating agency. The NCDs were placed privately with a single identified fund rather than offered to the public.
Since debentures are debt and not equity, this allotment does not change the number of equity shares or dilute existing shareholders. It does add borrowing to the company's books, on which interest and repayment obligations arise.
Approvals
The company stated that the issuance is within the borrowing limits approved by its members under Section 180(1)(c) of the Companies Act, 2013, and that accordingly no fresh approval of the members is required. It also referred to its earlier disclosure of the NCD issue details made to the stock exchanges after the Board Meeting held on September 30, 2026.
What to keep in view
The company has not, in this intimation, set out the interest rate, tenure, redemption schedule or the security offered for these debentures. Those are the figures to watch for a full picture of the cost and terms of this borrowing.
Also from GP Petroleums
Share Purchase Agreement executed to acquire 22.45% stake in Incubit Pipavav Terminal
11 Nov 2026
Vice President - Rubber Process Oil (SMP) resigns; ceases to hold post from November 05, 2026
6 Nov 2026
GP Petroleums Q2 FY27: revenue up 124% YoY to ₹340.75 crore, PAT up 179%; Pipavav terminal investment and ₹130 crore fundraise approved
28 Oct 2026
More numbers
- Number of NCDs allotted300
- Face value per NCD₹10,00,000/-
- Total NCD issue size₹30,00,00,000/-
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