Allotment of 12.75% Secured, un-listed, un-rated Non-Convertible Debentures.
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Mantra Capital Ltd has allotted 2,000 secured, unlisted, unrated Non-Convertible Debentures (NCDs) on a private placement basis, raising Rs. 2 crore in total (face value Rs. 10,000 per NCD). The NCDs carry a coupon rate of 12.75% per annum with a tenure of 36 months, and are secured with 1x asset cover over receivables. The NCDs will not be listed on any stock exchange. This follows earlier intimation dated November 12, 2025 and January 12, 2026 regarding the fundraise, and was approved by the Capital and Fundraising Committee on January 20, 2026.
The company is raising a relatively small amount of Rs. 2 crore through high-cost debt, which may increase interest expenses but provides capital for business growth. For shareholders, this signals the company is willing to take on costly borrowing, which could pressure future profitability if the deployed capital doesn't earn sufficiently higher returns.