Agi Infra Limited has informed the Exchange regarding 'Submission of Circular inviting deposits in Form DPT -1'.
AGIIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Agi Infra Limited has filed a Form DPT-1 circular with the exchanges to invite unsecured deposits from its members and the public, as required under the Companies Act, 2013. The company plans to raise up to Rs. 78 crore, with a minimum ticket size of Rs. 50,000 (in multiples of Rs. 50,000). Interest rates offered are 8.00% for 1 year, 8.50% for 2 years, and 9.00% for 3 years on a non-cumulative basis. The deposits carry a CARE BBB+ (Stable) credit rating obtained in March 2025 and will be used to augment working capital and for general corporate purposes. The company reported strong financials with profit after tax of Rs. 66.67 crore in FY25 (up from Rs. 52.10 crore in FY24) and declared a 10% interim dividend for three consecutive years. No defaults exist in repayment of any prior deposits.
This is a routine regulatory filing that signals the company's intent to raise fresh debt from retail depositors at competitive rates. For existing shareholders, the move diversifies funding sources beyond bank borrowings, though unsecured deposits will rank pari passu with other unsecured liabilities in case of any financial stress.