Transwarranty Finance Limited disclosed the outcome of its Board Meeting held on October 09, 2026 through a regulatory filing under Regulation 30 of the SEBI Listing Regulations.
The Board of Directors approved the issuance of Unlisted Non-Convertible Debentures (NCDs) on a Private Placement basis. The meeting commenced at 2:30 PM and concluded at 2:45 PM.
NCD Issuance Details
Type of Securities: Secured and/or Unsecured Non-convertible Debentures (NCDs)
Type of Issuance: Private Placement
Total Securities to be Issued:
- 500 Secured NCDs of Type A with face value of ₹1,00,000 each, amounting to ₹5,00,00,000 (Rupees Five Crores Only)
- Up to 50 Unsecured NCDs of Type B (Investment of ₹1 crore or more per investor) with face value of ₹10,00,000 each, amounting to ₹5,00,00,000 (Rupees Five Crore Only)
- Total aggregate amount: ₹10,00,00,000 (Rupees Ten Crores Only)
Size of the issue: Upto ₹10,00,00,000 (Rupees Ten Crore only)
Listing: The NCDs will not be listed
Instrument Details
Secured NCDs (Type A):
- Tenure Options: 13 Months, 3 Years, 3 Years, 5 Years
- Minimum Subscription: ₹20 lakhs (20 NCDs), ₹50 lakhs (50 NCDs), ₹2 lakhs (2 NCDs), ₹2 lakhs (2 NCDs) respectively
- Coupon Rates: 11.75% p.a., 11.75% p.a., 11.25% p.a., 11.50% p.a. respectively
- Interest Payment Frequency: Quarterly, Monthly, Quarterly, Monthly respectively
- Face Value: ₹100,000 per NCD
- Redemption Amount: ₹100,000 per NCD
Unsecured NCDs (Type B - Special Category):
- Tenure Options: 18 Months, 367 Days
- Minimum Subscription: ₹1,00,00,000 (10 NCDs) for both categories
- Coupon Rates: 15.00% p.a., 12.00% p.a. respectively
- Interest Payment Frequency: Monthly, Quarterly respectively
- Face Value: ₹10,00,000 per NCD
- Redemption Amount: ₹10,00,000 per NCD
Additional Terms
Security: Secured Debentures shall be secured by way of pari-passu charge on certain current assets of the Company. There is no charge/security for Unsecured NCDs.
Interest on Application Money: Interest will be paid on Application money at respective coupon rates from the date of realization of cheque till one day prior to the date of allotment.
Put and Call Option: Not Applicable
Default Provisions: Not applicable for delay in payment of interest/principal amount for more than three months from due date
Redemption Source: Source of redemption will be decided as and when the event of redemption occurs for various NCDs issued of various maturities
Mode of Interest Payment/Redemption: Through Various Options available
The intimation is being hosted on the company website at www.transwarranty.com.