Key Decisions Approved

  • Raising funds through issuance of Non-Convertible Debentures (NCDs) for an aggregate amount of up to ₹50,00,00,000 (Indian Rupees Fifty Crores only) in one or more tranches or series on a private placement basis.
  • Granting of Corporate Guarantee to the trustee for secured Non-Convertible Debentures proposed to be issued by Nityo Tech Private Limited.

Quantitative Details of NCD Issuance

  • Type of Security: Unrated, Unlisted, Secured, Redeemable, Non-Convertible Debentures
  • Issuance Method: Private Placement
  • Total Number of Securities: Up to 5,00,000 (Five Thousand) NCDs
  • Face Value: ₹1,000 each
  • Issue Size: Up to ₹50,00,00,000 (Indian Rupees Fifty Crores Only)
  • Listing Status: Not proposed to be listed on any stock exchange

Terms to be Finalized

The Board has authorized certain identified persons to determine and finalize the terms and conditions for the fund-raising. The following details will be disclosed at the time of allotment of securities:

  • Tenure of the instrument
  • Date of allotment
  • Date of maturity
  • Coupon/interest offered
  • Schedule of payment of coupon/interest and principal
  • Charge/security created over assets
  • Special rights/interest/privileges attached to the instrument
  • Details of redemption

Corporate Guarantee Details

  • Guarantee Amount: Not exceeding ₹45 Crores
  • Beneficiary: Axis Trustee Services Limited
  • Purpose: To secure NCDs proposed to be issued by Nityo Tech Private Limited
  • Relationship: Nityo Tech Private Limited is a subsidiary of Veefin Solutions Limited
  • Nature of Transaction: Arm's length transaction
  • Impact: Will be treated as a contingent liability for the Company. At this point, there is no impact of this guarantee on the Company.

Meeting Details

  • Date: August 01, 2026
  • Commencement Time: 03:30 PM
  • Conclusion Time: 04:45 PM

Additional Information

  • No delay in payment of interest/principal for more than three months from due date or default in payment
  • No letter of comments regarding payment/non-payment of interest
  • No cancellation or termination of proposal for issuance of securities