Scrip Code / Symbol: BSE: 532900 (Equity), NSE: PAISALO
Nature and Purpose of the Meeting
The Operations and Finance Committee of the Board of Directors of Paisalo Digital Limited held a meeting on Saturday, September 05, 2026. The purpose of the meeting was to approve the issuance of Non-Convertible Debentures (NCDs) through a private placement.
Details of Resolutions Passed
The committee approved the following terms for the NCD issuance:
- Type of Security: Non-Convertible Debentures
- Type of Issue: Private Placement through the EBP Platform
- Size of Issue: Up to 18,000 unsecured NCDs
- Face Value: ₹1,00,000 per NCD
- Base Issue Size: ₹90,00,00,000 (Ninety Crores)
- Green Shoe Option: An option to retain oversubscription up to ₹90,00,00,000 (Ninety Crores)
- Total Aggregate Issue Size: Up to ₹180,00,00,000 (One Hundred and Eighty Crores)
- Coupon/Interest Rate: 12.00% per annum
- Interest Payment Schedule: Payable quarterly
- Tenure: 119 Months and 26 Days
- Proposed Allotment Date: September 18, 2026
- Security: The NCDs shall be unsecured.
- Listing: The debentures are proposed to be listed on BSE Limited.
- Redemption: To be redeemed at par on the maturity date.
- Delay in Payment Penalty: Coupon rate plus 2.00% per annum in case of delay in payment of interest/principal.
- Special Rights/Privileges: Nil
Financial Impact
The approval enables the company to raise up to ₹180 crore in capital through this debt instrument.
Timing of the Meeting
The document states the meeting was held on September 05, 2026, but does not specify a start or end time.
Compliance References
The disclosure is made pursuant to Regulations 30, 51, and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Any Other Material Disclosure
The document notes that this information is also being made available on the company's website at www.paisalo.in. A copy of the announcement was also sent to AFRINEX EXCHANGE LISTING CENTRE and India International Exchange (IFSC) Ltd.