Committee approves issue of secured NCDs of up to INR 50,00,00,000 on private placement basis
The Asset Liability Management Committee approved issuing up to 50,000 senior, secured, rated, listed, redeemable, non-convertible debentures of INR 10,000 face value each, aggregating up to INR 50,00,00,000.
- NCD Face Value
- INR 10,000 each
- NCD Quantity
- Up to 50,000 NCDs
- Total Issuance Amount
- Up to INR 50,00,00,000
- Fixed Coupon Rate
- 11.00% per annum, paid monthly
- Maturity Date
- January 08, 2028
What was approved
The Asset Liability Management Committee of the Board approved raising debt through non-convertible debentures (NCDs) on a private placement basis — that is, offered to select investors rather than the public.
- Up to 50,000 NCDs of face value INR 10,000 each, aggregate INR 50,00,00,000 (Fifty Crore)
- This includes a green shoe option of up to 30,000 NCDs aggregating INR 30,00,00,000 (Thirty Crore)
- Type: senior, secured, rated, listed, redeemable, taxable, transferable, non-convertible
Cost and timing
- Coupon: 11.00% per annum, fixed, payable monthly
- Deemed Date of Allotment: October 08, 2026
- Final Redemption Date: January 08, 2028
- Tenure: 15 months from allotment, with principal repaid at maturity
Security
The NCDs will be secured by a first ranking exclusive and continuing charge, in favour of the Debenture Trustee, over identified book debts/loan receivables of the Company (the Hypothecated Assets). The value of these assets must at all times be at least 1.10 times the aggregate outstanding amounts on the Debentures.
Default clause
If there is a payment default, additional interest of 4% per annum over the coupon becomes payable on outstanding principal until the default is cured or the NCDs are fully redeemed.
Why it matters for investors
As a lending business, the company funds its loan book through borrowings. A fresh NCD line adds resources for lending, while also adding interest cost and repayment obligations. The instrument is debt, not equity, so there is no dilution of shareholding. The Debentures are proposed to be listed on the Wholesale Debt Market segment of BSE Limited.
The committee meeting was held on September 30, 2026, commencing at 12:00 P.M. and concluding at 12:30 P.M.
Also from Unifinz Capital India
Half-yearly ISIN details shared for privately placed listed debt securities as on September 30, 2026
6 Oct 2026
More numbers
- Number of NCDs50,000 (fifty thousand)
- Face value per NCDINR 10,000
- Aggregate issue sizeINR 50,00,00,000
- Green shoe option NCDs30,000 (thirty thousand)
- Green shoe option amountINR 30,00,00,000
- Coupon rate11.00% (eleven percent) per annum
- Tenure15 (fifteen) months
- Security cover on hypothecated assets1.10 (one decimal one zero) times
- Additional interest on payment default4% (four percent) per annum
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