Transwarranty Finance Limited's Board of Directors approved the issuance of unlisted Non-Convertible Debentures (NCDs) on a private placement basis during their meeting held on July 10, 2026. The meeting commenced at 2:30 PM and concluded at 3:15 PM.
Instrument Details
The issuance comprises two main categories:
Secured NCDs Type A:
- Maximum amount: ₹1.51 crore (Rupees One Crore Fifty One Lakh only)
- Face value: ₹100,000 per NCD
- Minimum subscription: ₹20 lakhs (20 NCDs)
- Tenure: 13 months
- Coupon rate: 11.75% p.a. fixed
- Interest payment: Quarterly at end of quarter
- Redemption amount: ₹100,000 per NCD
Unsecured NCDs Type B (Special Category):
- Maximum amount: ₹5 crore (Rupees Five Crores Only)
- Face value: ₹10,00,000 per NCD
- Minimum subscription: ₹1 crore per investor (10 NCDs)
- Tenure: 367 days
- Coupon rate: 12.00% p.a. fixed
- Interest payment: Quarterly at end of quarter
- Redemption amount: ₹10,00,000 per NCD
Additional NCD Variants
The issue also includes:
- 3-year tenure NCDs with minimum subscription of ₹50 lakhs at 11.75% p.a. (monthly interest)
- 3-year tenure NCDs with minimum subscription of ₹2 lakhs at 11.25% p.a. (quarterly interest)
- 5-year tenure NCDs with minimum subscription of ₹2 lakhs at 11.50% p.a. (monthly interest)
Total Issue Size
Maximum aggregate issue size: ₹6,51,00,000/- (Rupees Six Crore Fifty One Lakh only)
Security Details
- Secured NCDs shall be secured by way of pari-passu charge on certain current assets of the Company
- Unsecured NCDs have no charge/security
- No put and call options applicable
- The debentures will not be listed on any exchange
Redemption Details
Source of redemption will be decided as and when the event of redemption occurs for various NCDs issued of various maturities.