With reference to our intimation dated March 11, 2026, we hereby inform you that the Board at its meeting held today i.e. March 14, 2026, has approved issuance of 30 (Thirty) unsecured, ....
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The board of Purshottam Investofin Ltd, at its meeting on March 14, 2026, approved the issuance of 30 unsecured, unrated, and unlisted redeemable Non-Convertible Debentures (NCDs) on a private placement basis. Each NCD has a face value of Rs 1 crore, taking the total issue size to Rs 30 crore, issued at par. The NCDs carry a fixed interest rate of 13% per annum, paid quarterly, with principal repayment at the end of an 18-month tenure. Investors also have a put option to exit after 6 months with 7 days' notice, and there are no prepayment charges for the issuer.
This is a debt raise, not equity, so existing shareholders are not diluted. However, the 13% interest rate is high and the early put option suggests investors are pricing in meaningful credit risk, which retail shareholders should watch closely.