Nature of the Event
Quint Digital Limited has made a disclosure under Regulation 30 of SEBI Listing Regulations regarding the allotment of Non-Convertible Debentures (NCDs).
Key Quantitative Figures
- Number of NCDs allotted: 5,000 (Five Thousand)
- Face value per NCD: ₹1,00,000 (Indian Rupees One Lakh)
- Total issue size: ₹50,00,00,000 (Rupees Fifty Crore only)
- Coupon rate: 13.77% per annum
- Total approved limit: ₹100 crore (10,000 NCDs)
Parties Involved
- Issuer: Quint Digital Limited
- Debenture Trustee: Not specified by name
- Security providers: Corporate guarantees from the Issuer and certain other security providers
- Recipients: Eligible investors through private placement
Security Details
The NCDs are secured by:
- Security interest created by the Issuer over all its Hypothecated Assets, present and future
- Corporate guarantee from the Issuer
- Additional security including mortgages, charges on receivables, personal guarantees, and corporate guarantees from certain other security providers
Instrument Characteristics
- Type: Unrated, unlisted, secured, redeemable Non-Convertible Debentures
- Issuance method: Private placement to eligible investors
- Redemption: On maturity date (November 15, 2028) or earlier pursuant to Call/Put Option or other redemption events as per Debenture Trust Deed
- Special rights/privileges: Not Applicable
- Default history: No delays or defaults in payment (Not Applicable)
Financial Impact
This tranche represents 50% of the total ₹100 crore borrowing limit approved by the board. The company will incur quarterly interest obligations at 13.77% per annum on the ₹50 crore principal amount.
Capital Structure Impact
The issuance represents debt financing and does not affect the equity share capital of the company.
Additional Information
- The disclosure is made in accordance with SEBI circular requirements for debt securities issuance
- The intimation will be hosted on the company website: www.quintdigital.in
- No cancellation or termination of the issuance proposal