Laxmi India Finance Limited has informed the Exchange regarding Outcome of Business Operation Committee Meeting held on February 12, 2026.
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Laxmi India Finance Limited's Business Operation Committee, at its meeting on February 12, 2026, approved the issuance of 50,000 listed, rated, senior, secured, transferable, redeemable Non-Convertible Debentures (NCDs) of face value ₹10,000 each, aggregating up to ₹50 Crores. The NCDs will be issued on a private placement basis in dematerialized form and are proposed to be listed on the Wholesale Debt segment of BSE. The NCDs will be secured by a first and exclusive charge on identified receivables through hypothecation in favour of the Debenture Trustee. The tenure, coupon rate, and redemption schedule are not disclosed in this filing and will be as per the Key Information Document. The company has appointed IDBI Trusteeship Services Limited as the Debenture Trustee and Acuite Ratings & Research Limited as the rating agency.
The ₹50 Crore NCD raise will strengthen the company's lending capital, supporting business growth. Existing shareholders are not directly diluted as these are non-convertible debt instruments, though the added interest expense could modestly impact future earnings.