Angel One Limited has informed the Exchange regarding allotment of 5000 securities pursuant to Non Convertible Securities at its meeting held on February 24, 2026
ANGELONE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Angel One has allotted 5,000 NCDs of face value Rs. 1,00,000 each, aggregating to Rs. 50 Crore, through private placement to eligible investors. The NCDs carry a coupon rate of 8.75% per annum with an 18-month tenure, maturing on August 25, 2027. They are senior, rated, secured, and listed on the Wholesale Debt Market segment of NSE. The issue is backed by a first pari-passu charge on the company's trade receivables and margin trading loan book, with a 1.00x security cover to be maintained throughout the tenure. In case of default, an additional 2% per annum penalty interest applies above the coupon rate. Coupon payments are scheduled at the 6-month and 18-month marks, with principal redemption at maturity.
This is a modest Rs. 50 Crore debt raise at 8.75% interest, which is a reasonable rate for a well-rated broking company. The dilution is nil since these are debentures, not equity. Shareholders should see no immediate impact on earnings per share, though interest costs will increase marginally. The secured nature and short tenure suggest prudent short-term funding needs.