The Board of Directors of the Company, through a resolution passed by circulation on 08th August 2026, approved the allotment of 3,00,000 unrated, unlisted, secured, redeemable non-convertible debentures. Each debenture has a face value of ₹1,000, resulting in an aggregate principal amount of ₹30,00,00,000 (Thirty Crores).
The NCDs were allotted on a private placement basis to Stride Ventures Debt Fund 4, a category II Alternative Investment Fund registered with SEBI under the SEBI (Alternative Investment Funds) Regulations, 2012.
Key Terms of the NCDs:
- Type: Unrated, Unlisted, Secured, Redeemable, Non-Convertible Debentures
- Issue Size: ₹30,00,00,000 (Tranche 1)
- Listing: The NCDs are not proposed to be listed on any stock exchange
- Tenure:
- Date of Allotment: 08th August 2026
- Date of Maturity: 08th August 2029
- Interest: 16.65% per annum payable monthly
- Principal Repayment: 8 months moratorium followed by equal monthly repayments beginning from the end of the 9th month from the date of disbursement
Security Details:
The outstanding amounts under the NCDs are secured by:
- First ranking pari passu charge by way of hypothecation over all Hypothecated Properties of the Company pursuant to Deed of Hypothecation dated 06th August 2026
- First ranking pari-passu charge by way of Hypothecation over all Hypothecated Properties of the security providers pursuant to Deed of Hypothecation dated 06th August 2026
- Pledge over equity securities of the Underlying Company held by promoters Mr. Gautam Udani and Mr. Raja Debnath pursuant to share pledge agreement dated 06th August 2026
- Personal Guarantee of the Promoters pursuant to Deed of Personal Guarantee dated 06th August 2026
- Escrow of 50% of all receivables of the borrower within 30 days from receipt of subscription amount towards First Tranche Debentures
- Corporate Guarantee of GlobeTf Solutions Limited (Subsidiary Company) and Estorifi Solutions Limited (Subsidiary Company) pursuant to Deed of Hypothecation dated 06th August 2026
- Other security/contractual comfort as agreed between the Company and Investors
Default Provisions:
Upon occurrence of any Event of Default, the Company shall be liable to pay default interest at the rate of 2% per month on the total outstanding amount.
Additional Information:
- No special rights/interest/privileges attached to the instrument
- No delay in payment or default history (NIL)
- Debentures are redeemable on maturity or early redemption pursuant to terms in transaction documents dated 06th August 2026
- No cancellation or termination of proposal (NA)
The intimation references previous communication dated August 01, 2026 regarding the board meeting outcome for NCD issuance and complies with SEBI Master Circular reference number HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 11th July, 2023 (last updated on 30th January, 2026).