Board approves private placement of 65,000 secured listed NCDs worth Rs. 65 crore
Board approved a private placement of 65,000 Secured, Rated, Listed Non-Convertible Debentures of face value INR 10,000 each, totalling INR 65,00,00,000 (Rs.
- NCD Issue Size
- 65,000 Secured, Rated, Listed Non-Convertible Debentures of face value INR 10,000 each, totalling INR 65,00,00,000 (Rs. 65 crore)
- Base Issue
- 25,000 units = INR 25,00,00,000
- Green Shoe Option
- 40,000 units = INR 40,00,00,000
- Interest Rate
- 12.00% per annum, payable monthly
- Tenure
- 18 months from the Deemed Date of Allotment
What the Board approved
The Board of Directors met on Monday, 05th October, 2026, from 04:30 P.M. to 05:00 P.M., and approved the issuance of 65,000 units of Secured, Rated, Listed, Non-Convertible Debentures (NCDs) of face value INR 10,000 each, aggregating to INR 65,00,00,000 (Rs. 65 crore), on a private placement basis.
- Base Issue: 25,000 units, aggregating to INR 25,00,00,000 (Rs. 25 crore)
- Green Shoe Option: 40,000 units, aggregating to INR 40,00,00,000 (Rs. 40 crore)
Key terms of the debentures
- Interest offered: 12.00% per annum, payable monthly
- Tenure: 18 months from the Deemed Date of Allotment
- Principal repayment: on maturity; maturity is 18 months from the actual date of allotment
- Security cover: 1.25x of the amounts outstanding under the debentures, including principal and interest
- The security cover is to come from MSME Secured Loan receivables, comprising 75%, and CashMySalary digital receivables, comprising 25%
- Special rights, interests or privileges attached to the instrument: None
Other details
- Proposed to be listed: Yes, on BSE Limited
- Trustee: Catalyst Trusteeship Limited
- Merchant Banker: Credora Partners Private Limited
- Allotment will take place after closure of the bidding time, as the NCDs are to be privately placed through an Electronic Book Provider (EBP)
Default-linked clause
If the company defaults in payment of interest and/or principal redemption on the due dates, an additional 5% per month, over and above the applicable coupon rate, is payable on the outstanding principal amount for the period of default.
What this means for a retail reader
This is a borrowing by the company through debentures rather than an issue of equity shares. The update sets out the amount, the interest rate, the tenure and the security cover, which are the terms a reader would use to understand the company's cost of borrowing and the backing behind the instrument. The NCDs are proposed to be listed on BSE, and the update names the trustee and the merchant banker appointed for the issue.
Also from Regency Fincorp
BSE approves listing of privately placed non-convertible debentures on debt market segment
7 Oct 2026
Board approves private placement of 65,000 Secured Rated Listed NCDs aggregating Rs 65,00,00,000
5 Oct 2026
Allotment of 350 secured NCDs raising INR 3,50,00,000 on private placement
1 Oct 2026
More numbers
- Total NCD issue sizeINR 65,00,00,000/-
- Total NCD units proposed to be issued65000 (Sixty-Five Thousand)
- Face value per NCDINR 10,000
- Base Issue units25,000 (Twenty-Five Thousand)
- Base Issue amountINR 25,00,00,000
- Green Shoe Option units40,000 (Forty Thousand)
- Green Shoe Option amountINR 40,00,00,000
- Interest offered per annum12.00 % per annum
- Tenure of the instrument18 months from the Deemed Date of Allotment
- Security cover ratio1.25x (One Point Two Five Times)
- Additional interest on default per month5% (Five per cent) per month
- MSME Secured Loan receivables share of security cover75% (Seventy Five percent)
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