Board approves NCD issuance up to Rs 100 cr; re-appoints CFO

Board & Shareholder Meetings View source PDF

ONMOBILE · price

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AI summary

OnMobile Global board on June 24, 2026 approved issuance of secured, unlisted, non-convertible debentures (NCDs) worth up to Rs 100 crores via private placement to two investors. Details: 800 NCDs of Rs 5 lakh each (up to Rs 75 cr) and 2500 NCDs of Rs 1 lakh each (up to Rs 25 cr), 36-month tenure, 13.60 to 13.88 percent annual interest. Also re-appointed Radhika Venugopal as Whole-time Director and CFO for 3 years from March 27, 2027, subject to shareholder approval.

Likely market impact

NCD raise adds to company debt without equity dilution. CFO re-appointment signals leadership continuity. Watch for shareholder vote at AGM.