Paisalo Digital Limited has informed the Exchange regarding Outcome of Committee Meeting held on March 18, 2026.
PAISALO · price
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Paisalo Digital Limited has allotted 51,000 fully paid, rated, listed, senior, secured, redeemable, taxable, transferable Non-Convertible Debentures (NCDs) on a private placement basis, with each NCD having a face value of ₹10,000, amounting to a total raise of ₹51 crore. The NCDs carry a coupon of 9.25% per annum, payable monthly, with a tenure of 30 months maturing on September 18, 2028. The issue is secured by a first-ranking exclusive charge on the company's loan receivables, maintaining a security cover of 1.10 times the outstanding principal amount. The allotment was approved by the Operations and Finance Committee of the Board on March 18, 2026.
The company has raised ₹51 crore through privately placed NCDs at 9.25% interest, marginally adding to its debt servicing obligations but secured against loan receivables, indicating continued expansion funding. For shareholders, this means a modest increase in leverage, though the monthly coupon payments reflect routine capital-raising activity rather than any distress signal.