Ref: SPFSL/BSE/SEC/2026-27/20
Meeting Details
The Board of Directors meeting was held on Thursday, 4th April 2026. The meeting commenced at 10:30 a.m. and concluded at 12:15 p.m.
Key Decisions and Approvals
1. The Board took note of the minutes of the previous Board Meeting.
2. The Board considered, discussed, and approved the issuance of Non-Convertible Debentures (NCDs) on a private placement basis. The specific details as required under Regulation 30 of the SEBI Listing Regulations and SEBI Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, are as follows:
- Size of Issue: 50,000 Non-Convertible Debentures (NCDs) aggregating to ₹5,00,00,000 (₹5 Crore)
- Listing: Not proposed to be listed
- Tenure: 2 years
- Allotment and Maturity: Date of allotment is scheduled within one month from approval. Date of maturity is 2 years from the date of allotment.
- Interest Rate and Payment Schedule:
- Coupon/Interest: 11.60% per annum for 2 years
- Interest Payment: Monthly payments every month until the end of 2 years from the date of allotment
- Principal Payment: Bullet payment at maturity (end of two years)
- Security: The NCDs are secured by a charge created on the Current Assets of the company
- Investor Category: Private placement with minimum subscription of ₹1 Crore or above per investor
- Instrument Characteristics: Secured, unrated, unlisted Non-Convertible Debentures
3. The Board reviewed the Business Operations & Prospects of the Company.
4. The meeting addressed any other business with the permission of the chair arising out of the above business and incidental and ancillary matters.