Board approves raising up to ₹50,00,00,000 via Senior, Secured, Listed, Redeemable Non-Convertible Debentures

Board meeting outcome of Pune E-Stock Broking Ltd held on October 05, 2026 (meeting ran 12:00 P.M to 12:40 P.M).

Mon 5 Oct 2026

Instrument Type

Senior, Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs)

Aggregate Issue Size

up to ₹50,00,00,000/- (Rupees Fifty Crores only)

Issue Basis

private placement basis, in one or more tranches/series

Issue Timeline

within one year from the date of passing the relevant Board Resolution

Proposed Listing

NSE Limited

Board approves fund raising through Non-Convertible Debentures

The Board of Directors of Pune E-Stock Broking Limited met on October 05, 2026. The meeting commenced at 12:00 P.M and concluded at 12:40 P.M. The Board considered and approved a proposal for raising funds through the issue of Non-Convertible Debentures.

What the Board has approved

• Type of securities: Senior, Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs).
• Aggregate amount: up to ₹50,00,00,000/- (Rupees Fifty Crores only).
• Type of issue: private placement basis, to eligible investors.
• Structure: in one or more tranches/series, within a period of one year from the date of passing of the relevant Board Resolution.
• Listing: the NCDs are proposed to be listed on NSE Limited.
• Security: the NCDs shall be secured, in accordance with the terms of issue; the nature and extent of security shall be as specified in the relevant transaction documents.
• The fund raising is subject to applicable statutory and regulatory approvals.

Terms that will be set out in the transaction documents

• Tenure of the instrument, date of allotment and date of maturity: as may be approved by the Board and set out in the relevant transaction documents.
• Coupon/interest offered, and the schedule of payment of coupon/interest and principal: as may be approved by the Board and set out in the relevant transaction documents.
• Special rights/privileges attached to the instrument and changes thereof: as specified in the relevant transaction documents.

What this means in simple terms

An NCD is a debt instrument. When a company issues NCDs, it borrows money from investors and promises to pay interest and repay the principal as per the terms of issue. Because the company has said the NCDs will be senior and secured, they rank as secured borrowing, and the company has said the nature and extent of that security will be detailed in the transaction documents.

A few words used in the update, explained simply

• Senior: these debentures rank ahead of certain other obligations in the order of repayment.
• Secured: the borrowing is backed by security, as per the terms of issue.
• Rated: the instrument will carry a credit rating.
• Redeemable: the company will repay the money on maturity, as per the terms.
• Listed: the NCDs are proposed to be traded on NSE Limited.
• Private placement: the NCDs are offered to a select set of eligible investors, not to the general public.

The disclosure notes that on the date of this intimation there is no delay in payment of interest or principal amount for a period of more than three months from the due date, or default in payment of interest or principal, and no letter or comments regarding payment/non-payment.

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