Board approves issue of unlisted non-convertible debentures up to Rs. 10,00,00,000 on private placement

Board meeting held on October 09, 2026 (2:30 P.M. to 2.45 P.M.) approved issuing Unlisted Non-Convertible Debentures (NCDs) on a private placement basis.

Fri 9 Oct 2026

Issue Size

up to Rs. 10,00,00,000 (Rupees Ten Crore only)

Coupon Range

11.25% p.a. to 15.00% p.a.

Listing Status

Not proposed to be listed

Board meeting outcome

The Board of Directors of Transwarranty Finance Ltd, at its meeting held on October 09, 2026, approved the issuance of Unlisted Non-Convertible Debentures (NCDs) on a private placement basis. The meeting commenced at 2:30 P.M. and concluded at 2.45 P.M. Detailed terms are set out under "Details of Issuance of Unlisted Non-Convertible Debentures".

Size and structure of the issue

• Total size of the issue: up to Rs. 10,00,00,000 (Rupees Ten Crore only).
• 500 Secured NCDs of Type A of face value Rs. 1,00,000 each, amounting to Rs. 5,00,00,000 (Rupees Five Crores Only).
• Up to 50 Unsecured NCDs of Type B (investment of Rs. 1 crore or more per investor) of face value Rs. 10,00,000 each, amounting to Rs. 5,00,00,000 (Rupees Five Crore Only).
• The two sets are described as both aggregating to Rs. 10,00,00,000, and the size of the issue is stated as up to Rs. 10,00,00,000.
• The NCDs are not proposed to be listed.

Coupon and tenure

The secured series carries four options and the unsecured series two

• 13 months: 11.75% p.a., interest paid quarterly at the end of the quarter, minimum subscription Rs. 20 lakhs.
• 3 years: 11.75% p.a., interest paid monthly at the end of the month, minimum subscription Rs. 50 lakhs.
• 3 years: 11.25% p.a., interest paid quarterly at the end of the quarter, minimum subscription Rs. 2 lakhs.
• 5 years: 11.50% p.a., interest paid monthly at the end of the month, minimum subscription Rs. 2 lakhs.
• 18 months (unsecured, special category): 15.00% p.a., interest paid monthly at the end of the month, minimum subscription Rs. 1 Cr or more per investor.
• 367 days (unsecured, special category): 12.00% p.a., interest paid quarterly at the end of the quarter, minimum subscription Rs. 1 Cr or more per investor.

Face value and issue price are Rs. 100,000 (1 NCD) for the secured options and Rs. 10,00,000 (1 NCD) for the unsecured options. Minimum application is Rs. 20 lakhs (20 NCDs), Rs. 50 lakhs (50 NCDs) or Rs. 2 lakhs (2 NCDs) for the secured options, and Rs. 1,00,00,000 (10 NCDs) for the unsecured options. Redemption amount is Rs. 1,00,000 per NCD for the secured series and Rs. 10,00,000 per NCD for the unsecured series. Issuance is in multiples of 1 NCD, and the mode of interest payment and redemption is stated as through various options available. Put and call option is stated as not applicable.

Security and other terms

• Secured debentures shall be secured by way of pari-passu charge on certain current assets of the company. There is no charge or security for the unsecured NCDs.
• Interest will be paid on application money at the respective coupon rates from the date of realisation of cheque till one day prior to the date of allotment.
• The source of redemption will be decided as and when the event of redemption occurs, for the various NCDs of various maturities.

The board approval covers the issuance, with the terms set out in the annexure to the intimation.

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