Disclosure of information pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFDPoDP/CIR/2023/123 ....
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Awaiting price reaction for this filing.
LKP Finance Ltd's Board of Directors, at a meeting held on August 27, 2025, approved raising funds up to ₹25 crore through unsecured, unrated, unlisted, redeemable, taxable, transferable, non-convertible debentures (NCDs) on a private placement basis, to be issued in tranches. The NCDs will carry a coupon rate of 15% per annum, with interest payable quarterly and principal repayable in bullet form at final maturity. An additional 2% per month interest will be charged on any delayed or defaulted payments. The securities will not be listed on any stock exchange, and the tenure and allotment date are yet to be determined.
This is a pure debt raise of ₹25 crore at a relatively high 15% coupon, which will increase the company's interest expense without diluting equity shareholders. The steep coupon rate may signal higher borrowing risk or the company's need to offer attractive terms to place the issue privately.