ESAF Small Finance Bank Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/11/2025 ,inter alia, to consider and approve the proposal to raise ....
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ESAF Small Finance Bank has informed the stock exchanges that its Board of Directors will meet on November 3, 2025 to consider and approve a proposal to raise funds through the issuance of Non-Convertible Debentures (Tier II Bonds) on a preferential basis via private placement. The issuance will comply with SEBI's ILNCS Regulations, 2021 and existing borrowing limits approved by shareholders under Section 180(1)(c) and Section 42 of the Companies Act, 2013. Tier II bonds are a form of capital that strengthens a bank's balance sheet and regulatory capital adequacy. No specific issue size, coupon rate, or number of NCDs has been disclosed yet.
This is a routine pre-fundraising announcement — Tier II NCD issuance typically supports long-term capital adequacy for the bank. Watch for the post-meeting outcome on November 3 for actual size, coupon, and timing, which will determine any dilution or interest cost implications for shareholders.