Share India Securities Limited has made a regulatory disclosure regarding the allotment of Non-Convertible Debentures (NCDs) through a private placement. The disclosure is made in compliance with SEBI Listing Regulations 30 and 51, and references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Nature of the Event
The Finance Committee of the Board of Directors approved the allotment of 50,000 listed, secured, rated, senior, taxable, transferable, redeemable Non-Convertible Debentures with a face value of ₹10,000 each, aggregating to ₹50,00,00,000 (Fifty Crores).
Key Quantitative Figures
- Number of NCDs: 50,000
- Face Value per NCD: ₹10,000
- Total Issue Size: ₹50,00,00,000 (Fifty Crores)
- Coupon Rate: 10.50% per annum
- Tenure: 459 days from date of allotment (July 8, 2026)
- Maturity Date: November 9, 2027
Terms and Conditions
- Interest Payment: Monthly
- Principal Payment: Lump sum payment at maturity
- Security: Pari-passu charge by way of hypothecation over entire current assets and receivables (including MTF receivables), both present and future, excluding already exclusively encumbered cash collateral
- Security Cover: Minimum cover of 1.35 times the entire Outstanding Amounts under this Issue
- Additional Guarantees: Personal guarantee of promoters
- Default Terms: Additional coupon rate of 2% p.a. over the Coupon Rate payable from date of default until rectification
Listing Details
The NCDs are proposed to be listed on the wholesale debt market (WDM) segment of BSE Limited.
Financial Impact
The issuance represents a ₹50 crore debt raising through NCDs with specified interest obligations and security arrangements.