Nature of the Event

Outcome of the Board of Directors meeting held on 25th July 2026, which commenced at 10:30 a.m. and concluded at 11:30 a.m. The meeting addressed several agenda items, including the approval of Non-convertible Debentures (NCDs) issuance.

Key Decisions and Approvals

  • The Board took note of the minutes of the previous Board Meeting.
  • The Board considered, discussed, and approved the issue of secured, unrated, unlisted Non-convertible Debentures (NCDs) on a private placement basis, with a maximum subscription of less than ₹1 crore per investor.
  • Size of Issue: 1,00,000 NCDs aggregating to ₹10,00,00,000 (₹10 crore).
  • The NCDs are not proposed to be listed on any stock exchange.
  • Tenure of the instrument: 13 months, 24 months, 36 months, 60 months, and 70 months.
  • Date of allotment: Before 31st August, 2026.
  • Date of maturity: Corresponding to the tenure after allotment (e.g., 13 months NCD matures at the end of 13 months from allotment).

Interest Rates and Payment Schedules

  • Interest rates vary by tenure and payment frequency:
  • 13 months: 11.00% per annum for monthly payment, 11.25% per annum for yearly payment, with higher rates of 11.25% monthly and 11.50% yearly for women and senior citizens.
  • 24 months: 11.60% per annum for monthly payment, 11.75% per annum for yearly payment, with variations for women and senior citizens.
  • 36 months: 11.75% per annum for monthly payment, 12.00% per annum for yearly payment, etc.
  • 60 months: 12.25% per annum for monthly payment, 12.50% per annum for yearly payment for women and senior citizens.
  • 70 months: 12.60% per annum for cumulative scheme.
  • Schedule of interest payment:
  • Monthly options: Interest paid every month till the end of the tenure from the date of allotment.
  • Yearly options: Interest paid every year till the end of the tenure from the date of allotment.
  • Cumulative for 70 months: Interest paid at maturity.
  • Schedule of principal payment: Principal repaid at maturity for all tenures.

Security and Other Details

  • Security created on the Current Assets of the company.
  • No special rights, privileges, or changes attached to the instrument mentioned.
  • No charge or security changes over assets beyond the current assets security.
  • No cancellation or termination of the proposal for issuance.
  • Details of redemption: Principal is redeemed at maturity out of the issuance, but no specific manner (e.g., out of profits or fresh issue) is detailed.
  • No details of any letter or comments regarding payment/non-payment of interest or principal.
  • No amount overdue for more than three months or default in payment mentioned.

Additional Business

  • The Board reviewed the Business Operations & Prospects of the Company.
  • Any other business with the permission of the chair arising out of the above business and incidental and ancillary to it was discussed.