Outcome Of Capital and Fundraising Committee Meeting held today January 12, 2025 - Issuance of 12.75% Non-Convertible Debenture.
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Mantra Capital Ltd's Capital and Fundraising Committee approved the issuance of 2,000 secured, unlisted, unrated Non-Convertible Debentures (NCDs) at 12.75% interest rate. The total issue size is Rs. 2 crore, with each NCD having a face value of Rs. 10,000 and a 3-year maturity. Beacon Trusteeship Limited has been appointed as the Debenture Trustee for this issuance. This follows an earlier intimation dated November 12, 2025. The committee meeting was held on January 12, 2026.
The company is raising Rs. 2 crore through high-yield debt at 12.75%, which signals aggressive fundraising possibly due to limited access to lower-cost capital. Existing shareholders may see mild dilution of equity ownership expectations but no equity dilution since these are pure debt instruments.