Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Allotment of Secured, Unrated, Unlisted, Redeemable, Non-Convertible Debentures ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
F Mec International Financial Services Ltd has allotted 5,00,000 Secured, Unrated, Unlisted, Redeemable, Non-Convertible Debentures (NCDs) worth ₹5 crore on private placement basis. The NCDs carry a face value of ₹100 each with an 18-month tenure (maturing on 10th November 2027). The debentures offer a coupon rate of 16% per annum with quarterly interest payments. The issue is secured by hypothecation on the company's assets including loans, advances, receivables, and investments, maintaining a minimum 100% security cover.
The high 16% coupon rate indicates the company is paying above-market rates to raise debt, possibly reflecting higher credit risk or limited access to cheaper financing. The funds raised through this private placement will strengthen the company's lending book, though the unlisted nature means limited transparency for public investors.