Announcement under Regulation 30
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Apollo Finvest India Ltd has informed BSE that the interest rate on its privately placed Non-Convertible Debentures (NCDs) of ₹15 crore has been revised from 11% to 10.5%, effective April 14, 2025. The revision was approved by the debenture holders following their consent. The NCDs were issued on a private placement basis, and this change reduces the company's borrowing cost going forward.
Positive for shareholders — the 50 basis point cut in interest rate on the ₹15 crore NCD issue will lower the company's annual interest outflow by about ₹7.5 lakh, marginally improving profitability and reflecting favorable creditor terms.