Revision in Interest rate of Non Convertible Debentures
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Apollo Finvest India Ltd has revised the interest rate on its ₹15 crore Unlisted Non-Convertible Debentures (NCDs), issued on a private placement basis, from 10% to 9.75%. The revision was approved by the debenture holders and will be effective from December 9, 2025. The change is a modest 25 basis point reduction in the borrowing cost on this specific debt instrument. The company informed BSE of this change as required under SEBI listing regulations.
This is a minor positive for the company as it slightly reduces interest expenses on ₹15 crore of NCDs. For shareholders, the impact is negligible as the savings are small relative to overall operations, and it does not signal any change in the company's financial health.