Paisalo Digital Limited has informed the Exchange regarding Outcome of Committee Meeting held on August 05, 2025.
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Paisalo Digital's Operations and Finance Committee approved the issuance of up to 5,000 Non-Convertible Debentures (NCDs) with a face value of Rs. 1 lakh each, aggregating up to Rs. 50 crore (including a base issue of Rs. 25 crore and a green shoe option of Rs. 25 crore). The NCDs will be issued through private placement on the EBP platform and listed on BSE, with a tenure of 36 months and tentative allotment on August 8, 2025. The NCDs carry a coupon rate of 9.75% per annum, payable quarterly, and are secured by a first-ranking pari-passu charge on the company's loan receivables at 1.10x coverage.
The company is raising Rs. 50 crore through secured NCDs at 9.75% to strengthen its lending capital base. For shareholders, this expands Paisalo's borrowing mix but adds to interest obligations, though the rate is reasonable for an NBFC and the security cover provides lender protection.