Paisalo Digital Limited has informed the Exchange regarding Committee Meeting to be held on May 15, 2025.
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Paisalo Digital Limited has informed the stock exchanges that a meeting of its Operations and Finance Committee is scheduled for May 15, 2025. The agenda of the meeting is to consider and approve a fund-raising proposal through the issuance of listed, secured, non-convertible debentures (NCDs) on a private placement basis. The company already has several NCD series and commercial paper instruments listed on the exchanges, indicating this is part of its ongoing debt-raising activity. The exact size, coupon rate, and timing of the issuance will be decided at the May 15 meeting.
This is a pre-announcement of a potential NCD issuance and does not by itself change anything for equity shareholders. If the committee approves a sizeable fundraise on May 15, it could expand the company's lending capital but also add to its interest obligations; shareholders should watch the outcome of the meeting for tranche size and pricing.