Outcome of meeting of Management Committee of the Board of Directors held on May 21, 2026 for allotment of Non-Convertible Debentures (NCDs).
CSLFINANCE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
CSL Finance Ltd has allotted 30,000 Secured, Rated, Listed, Redeemable NCDs of face value Rs. 10,000 each at par, raising Rs. 30 crore through private placement. The NCDs carry a coupon rate of 11% with quarterly interest payments and have a tenure of 2 years, maturing on May 21, 2028. The issuance was approved by the Board on March 18, 2026, and has received in-principle listing approval from BSE dated April 20, 2026. Security for the NCDs includes a first ranking charge on loan receivables at 1.25 times coverage plus a personal guarantee from Mr. Rohit Gupta. No delays or defaults in interest or principal payments were reported.
The NCD issuance provides debt capital for the company's lending operations. The 11% coupon rate is moderately high, reflecting market borrowing costs. The listing on BSE ensures transparency and tradability for investors.