Dhvija Finance Limited has made a regulatory disclosure regarding the allotment of Non-Convertible Debentures (NCDs) through private placement.
Key Quantitative Figures
- Total issue size: ₹5,00,00,000 (Indian Rupees Five Crore) - Series B
- Number of NCDs allotted: 5,00,000
- Face value per NCD: ₹100
- Coupon/interest rate: 16% (Sixteen percent) per annum
Dates and Tenure
- Date of allotment: 10th September, 2026
- Tenure: 18 months (Eighteen months) from date of allotment
- Date of maturity: 11th March, 2028
- Interest payment frequency: Quarterly
- Principal repayment date: 11th March, 2028
Security Details
The NCDs are secured by way of hypothecation on pari-passu charge on the assets of the company comprising of loans and advances, receivables, investments, current & other assets held by the Company. The security is created in favour of the Debenture Trustee as specifically set out in the Debenture Trust Deed, except those receivables specifically and exclusively charged in favour of certain existing charge holders. A security cover of at least 100% of the outstanding principal amounts of the NCDs and interest thereon must be maintained at all times until the Maturity Date.
Special Features
- No special rights/interest/privileges attached to the instrument
- In case of default in payment of interest and/or principal redemption on due dates, additional interest may be payable (details not specified)
- No delays in payment/non-payment of interest or principal have occurred
Board Meeting Details
The Board Meeting where the allotment was approved commenced at 12:00 Noon and concluded at 12:45 P.M. on 10th September, 2026.
Additional Information
The company was formerly known as F Mec International Financial Services Limited (CIN: L65100DL1993PLC053936). The disclosure includes the required Annexure III details as per SEBI circular requirements.