Board approves private placement of 2,50,000 rated, secured, redeemable NCDs up to INR 250 crore

Board meeting outcome: NCD issue approved.

Mon 12 Oct 2026

NCD Issue Size

up to INR 250 crore

Number of NCDs

2,50,000 listed, rated, secured, redeemable non-convertible debentures

Face Value per NCD

up to INR 10,000 each

Debt fundraise gets Board approval

• At its meeting held on Monday, October 12, 2026, the Board of Pace Digitek Limited approved the issuance of 2,50,000 listed, rated, secured, redeemable non-convertible debentures (NCDs).
• The NCDs have a face value of up to INR 10,000 each and the issuance aggregates up to INR 250 crore (Indian Rupees Two Hundred and Fifty Crore Only), in one or more tranches.
• The type of issuance is a private placement to all eligible investors.
• The NCDs are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.
• The meeting commenced at 11:30 AM (IST) and concluded at 12:45 PM (IST).

What an NCD is

An NCD is a debt instrument. The company borrows money from investors, pays interest on it, and repays the principal on maturity. These debentures are non-convertible, meaning they do not turn into equity shares. So this is a borrowing programme rather than a sale of ownership in the company.

The instrument is described as rated, secured and redeemable. Secured refers to a charge created over assets, and redeemable means the instrument is to be repaid on maturity.

Terms to be provided at allotment

• Tenure of the instrument, with date of allotment and date of maturity
• Coupon or interest offered, and the schedule of payment of interest and principal
• Charge or security created over the assets
• Special rights, interest or privileges attached to the instrument and changes thereto
• Any delay in payment of interest or principal for more than three months from the due date, or default in payment

All of the above shall be provided at the time of allotment of the respective NCDs, as specified in the Key Information Document (KID).

How to read this

• Because the issue is a private placement, the securities are being offered to eligible investors and not to existing shareholders on a proportionate basis, as would happen in a rights issue.
• The amount of up to INR 250 crore is what the company proposes to raise, and the update states this can be done in one or more tranches.
• The interest rate, tenure and security details are the inputs that determine the actual cost of this borrowing and the repayment timeline for the company, and these are to be provided at the time of allotment as specified in the Key Information Document.

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