Nature and Purpose of the Meeting
The Operations and Finance Committee of the Board of Directors met on September 24, 2026 to approve the allotment of Commercial Papers through private placement.
Details of Resolutions Passed
The Committee approved the allotment of two separate tranches of Commercial Papers:
First Tranche:
- Total Number of CPs allotted: 100 CPs
- Face Value: ₹5,00,000.00 each
- Issue price: ₹4,82,244.00 per CP
- Total Redemption Value: ₹5,00,00,000.00 (₹5 crore)
- Tenure: 151 days from the date of allotment
- Date of Allotment: September 24, 2026
- Date of Maturity/Redemption: February 22, 2027
Second Tranche:
- Total Number of CPs allotted: 300 CPs
- Face Value: ₹5,00,000.00 each
- Issue price: ₹4,78,977.50 per CP
- Total Redemption Value: ₹15,00,00,000.00 (₹15 crore)
- Tenure: 180 days from the date of allotment
- Date of Allotment: September 24, 2026
- Date of Maturity/Redemption: March 23, 2027
Both tranches were listed securities issued through private placement with Bank of Maharashtra serving as the Issuing and Paying Agent (IPA).
Financial Impact
Total capital raised through this Commercial Paper issuance: ₹20,00,00,000.00 (₹20 crore)
- First tranche: ₹5 crore
- Second tranche: ₹15 crore
The CPs were issued at a discount to face value, representing the effective cost of borrowing.
Timing of the Meeting
The meeting and allotment occurred on September 24, 2026. The specific start and end times of the meeting were not disclosed in the document.
Compliance References
Disclosure made pursuant to Regulation 30 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Other Material Disclosure
The document does not specify the use of proceeds from the Commercial Paper issuance. The information has been made available on the Company's website at www.paisalo.in.