Niyogin Fintech Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 25/06/2025 ,inter alia, to consider and approve issuance of non-convertible ....
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Awaiting price reaction for this filing.
Niyogin Fintech has informed BSE that its Board of Directors will meet on June 25, 2025 to consider and approve the issuance of non-convertible debentures (NCDs) on a private placement basis. The filing is made under SEBI Listing Regulations 29 and 50. No details on the size, coupon rate, or purpose of the NCD issuance have been disclosed yet. The company is a fintech player based in Chennai with corporate operations in Mumbai.
This is a forward-looking announcement and not a confirmed fundraising. Shareholders should watch for further disclosures after the board meeting on June 25 for details on the NCD size, yield, and end-use of proceeds, which could affect the stock price and existing debt holders.