CSL Finance Limited has informed the Exchange regarding allotment of 30000 securities pursuant to Non Convertible Securities at its meeting held on April 28, 2026
CSLFINANCE · price
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CSL Finance has allotted 30,000 secured, rated, listed, redeemable NCDs of face value Rs. 10,000 each, aggregating to Rs. 30 crore, on a private placement basis. The issue was approved by the Board on March 18, 2026, and allotted on April 28, 2026, at par (issue price equals face value). The NCDs carry an 11% annual coupon paid quarterly and have a 2-year tenure maturing on April 20, 2028. The NCDs will be listed on BSE, and are secured by a first-ranking charge on the company's loan receivables (1.25x asset cover) along with a personal guarantee from promoter Mr. Rohit Gupta.
The Rs. 30 crore fundraising will bolster CSL Finance's lending capital, supporting business growth for this NBFC. The 11% coupon at par with promoter guarantee reflects a standard private NCD placement; existing equity shareholders are not directly impacted as this is a debt instrument, though higher leverage will mean additional fixed interest obligations over the next two years.