Board Meeting Details
The Board of Directors meeting commenced at 6:00 P.M. and concluded at 06:30 P.M. on Monday, 17th August, 2026.
Key Decisions Approved
1. NCD Issuance Approval
The Board approved issuance of 35,000 units of Secured, Rated, Listed, Non-Convertible Debentures (NCDs) with face value of ₹10,000 each, aggregating to ₹35,00,00,000 (Thirty Five Crores) on private placement basis.
Issue Structure:
- Base Issue: 20,000 NCDs aggregating to ₹20,00,00,000 (Twenty Crore)
- Green Shoe Option: 15,000 NCDs aggregating to ₹15,00,00,000 (Fifteen Crore)
2. Trustee Appointment
Appointment of "Catalyst Trusteeship Limited" as Trustee for the NCD issuance.
3. Merchant Banker Appointment
Appointment of "Horizon Management Pvt Ltd" as Merchant Banker for the NCD issuance.
NCD Instrument Details
Type of Security: Secured, Rated, Listed, Non-Convertible Debentures (NCD)
Issuance Type: Private Placement
Total Units: 35,000 units
Face Value: ₹10,000 per unit
Listing Status: Proposed to be listed on BSE Limited
Tenure: 36 months from the Deemed Date of Allotment
Interest Rate: 13% per annum payable Monthly
Interest Payment Schedule: Monthly
Principal Repayment Schedule: 20% repayment at the end of 36th Month
Security Cover: 1.35x (135%) security cover from secured receivables including MSME Secured loan Receivables and Digital Lending Loans Receivables having 0 DPD
Default Penalty: 3% per annum over and above the Coupon Rate on default amount for delay in payment of interest/principal for more than three months from due date
Allotment Process: Allotment to be done after closure of Bidding Time through Electronic Book Provider (EBP) on Settlement date, in compliance with SEBI Master Circular SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated 15th October, 2025
Special Rights/Privileges: None disclosed
Previous Payment Comments: NA (no previous comments regarding payment/non-payment)