NSE Symbol
FINKURVE
The key approved terms are:
Issue Details:
- Total amount approved: Up to ₹1,00,00,00,000 (Rupees One Hundred Crores only)
- Instrument: Rated, Listed, Senior, Secured, Redeemable, Transferable Non-Convertible Debentures
- Method: Private Placement through Electronic Bidding Platform (EBP)
- Regulatory framework: SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021
Issue Structure:
- Total number of NCDs: 1,00,000 (One Lakh)
- Face value per NCD: ₹10,000
- Issue price per NCD: ₹10,000
- Base issue size: ₹50,00,00,000 (Indian Rupees Fifty Crores)
- Green shoe option: ₹50,00,00,000 (Indian Rupees Fifty Crores)
- Total issue size: ₹1,00,00,00,000 (Indian Rupees One Hundred Crore Only)
Tenure & Dates:
- Tenure: 24 months (Twenty-Four Months)
- Deemed Date of Allotment: June 16, 2026
- Date of Maturity: June 16, 2028
Financial Terms:
- Coupon Rate: 11.33% per annum
- Interest payment frequency: Quarterly
- First interest payment: September 16, 2026
- Last interest and principal payment: June 16, 2028
- Default interest rate: 2% per annum over and above the Coupon Rate (applicable for delays in payment of interest/principal beyond three months from due date)
Security & Listing:
- Security: First ranking, exclusive and continuous charge on identified receivables by way of hypothecation in favour of the Debenture Trustee for the benefit of Debenture Holders
- Listing: BSE Limited
Additional Information:
- The Draft Letter of Offer for the issuance was approved by the Board.
- The disclosure is made pursuant to SEBI Circulars SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023 and SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.
- No special rights/privileges are attached to the instrument.
- No letter of comments regarding the security/assets was received.
- No cancellation or termination of the proposal is applicable.
The company secretary and compliance officer, Kajal Parmar (Membership No: ACS65484), signed the disclosure.