The Board Meeting to be held on 30/10/2025 has been revised to 30/10/2025 The Board Meeting to be held on 30/10/2025
LANCORHOL · price
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Awaiting price reaction for this filing.
Lancor Holdings has informed stock exchanges that its Board of Directors will meet on 30th October 2025 (corrected from an earlier typo that mentioned 30th September 2025). The Board will consider issuing Non-Convertible Debentures (NCDs) worth up to ₹15 crore on a private placement basis, in one or more tranches over a period of time. Each NCD will have a face value of ₹1,00,000. The intimation is filed under Regulation 29 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.
This is a relatively small debt raise of ₹15 crore via private placement, so it is unlikely to materially impact the stock price. Shareholders should watch for the Board's decision on coupon rate, tenure, and end-use of funds after the meeting.