QFQGO Finance538646NCD issuance

Board approved Rs. 11 crore NCD issue, lock-in date revisions and a new director appointment

Board meeting on October 30, 2026 approved three items.

By ScoutQuest · Fri 30 Oct 2026, 11:22 AM IST · 2 min read

NCD Issue Size

1100 unsecured, unlisted, redeemable NCDs of Rs. 1,00,000 each, aggregating Rs. 11 crore

Coupon / Tenure

12% p.a. on monthly basis (Fixed Rate), tenure of 9 years

Lock-in Revision

Lock-in end dates of 100 and 200 existing NCDs revised to October 30, 2026; maturity dates unchanged

Three decisions came out of the board meeting held on Friday, October 30, 2026, from 10:45 A.M. to 11:00 A.M.

Lock-in end dates brought forward

• For 100 existing unsecured, unlisted, redeemable non-convertible debentures (NCDs) allotted on October 24, 2025, the lock-in end date was revised from October 23, 2028 to October 30, 2026.
• For 200 existing NCDs allotted on November 08, 2025, the lock-in end date was revised from November 07, 2028 to October 30, 2026.
• The maturity dates remain unchanged at October 23, 2034 and November 07, 2034 respectively.

Fresh NCD issue approved

• 1100 unsecured, unlisted, redeemable NCDs of Rs. 1,00,000 each, aggregating to Rs. 11 crore (Rupees Eleven Crores Only), to be issued in one or more tranches on a private placement basis to eligible investors.
• Coupon offered is 12% p.a. on monthly basis (Fixed Rate). Tenure of the instrument is 9 years.
• These NCDs are not proposed to be listed on any stock exchange, and no charge or security is created over the company's assets for them.

Director appointment proposed

• Mr. Vijaykumar Agarwal (DIN: 00108710) is appointed as Non-Executive, Non-Independent Director from such date, subject to the approval of the Reserve Bank of India and of the shareholders.
• The company will apply to the RBI through the PRAVAAH portal under the RBI Governance Direction; once RBI approval is received, the Board will consider the appointment, subject to shareholder approval.
• He is related to Mrs. Rachana Singi, Managing Director and promoter of the company, and to Mrs. Deepika Nath, Non-Executive Director who forms part of the promoter group. He is not debarred from holding the office of Director by any order of SEBI or any other regulator or statutory authority.
• His profile: founder, promoter and chairman of the Creative Group; an engineer and alumnus of Veermata Jijabai Technological Institute (VJTI), Mumbai; in manufacture and export of ready-made garments since 1974; served on the Executive Committee of the Apparel Export Promotion Council (AEPC) for over 20 years and was Chairman of AEPC for 2006-07; served as Chairman of The Cotton Textile Export Promotion Council (TEXPROCIL) for the two-year term ending October 26, 2026.

How to read this

• The lock-in revisions shorten the restriction period on the two existing NCD series, but the maturity dates of those instruments are unchanged, so the money still comes back to holders on the same dates.
• The new NCD issue is a borrowing by the company on a private placement basis, at a fixed 12% p.a. monthly coupon over 9 years. Since these are unsecured and unlisted, they carry no charge over assets and will not trade on an exchange.
• The director appointment is a proposal that moves forward only after RBI approval and then shareholder approval.

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