Paisalo Digital Limited has informed the Exchange regarding Outcome of Committee Meeting held on March 11, 2026.
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Paisalo Digital's Operations and Finance Committee approved the issuance of 9.25% Secured Non-Convertible Debentures (NCDs) through private placement on the EBP platform. The issue size is up to Rs. 100 Crores, comprising a base issue of Rs. 50 Crores with a green shoe option of an additional Rs. 50 Crores. Each NCD has a face value of Rs. 10,000, carries a monthly coupon of 9.25% per annum, and has a tenure of 30 months with tentative allotment on March 18, 2026. The NCDs will be secured by a first-ranking exclusive charge on the company's loan receivables at 1.10x security cover and proposed to be listed on BSE. Default in payment attracts an additional 2% per annum over the coupon rate.
The Rs. 100 Crore NCD raise will bolster Paisalo Digital's lending capital at a competitive 9.25% cost, supporting its loan book growth. Existing equity shareholders are not directly diluted, but higher debt servicing obligations increase leverage risk if asset quality weakens.