Anand Rathi Share and Stock Brokers Limited has informed the Exchange under Regulation 30- Intimation for Allotment of Secured, Unlisted and Redeemable Non-Convertible Debentures.
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Anand Rathi Share and Stock Brokers has allotted 1,000 secured, unlisted, redeemable NCDs of Rs. 1 lakh each, totalling Rs. 10 crore, via private placement to identified investors. The NCDs carry a coupon of 9.5% per annum with quarterly interest payments and a short tenure of 374 days (allotment March 31, 2026; maturity April 9, 2027). The issue is secured by a first-ranking charge on the company's book debts and receivables, and is not proposed to be listed. In case of default, an additional 2% per annum interest is payable over the coupon rate.
The Rs. 10 crore NCD raise expands the company's borrowings by a modest amount at a market-rate coupon, which is typical for a brokerage firm leveraging its receivables. Since these are unlisted and privately placed, there is no direct impact on the stock price, but existing shareholders should note the incremental interest obligation and secured charge on assets.