Dear Sir/Madam, Pursuant to Regulation 30 of SEBI(LODR), 2015 we hereby inform you that the majority of the Board of Directors of the Company has passed a resolution by circulation on ....
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Awaiting price reaction for this filing.
QGO Finance Ltd's Board, via a circular resolution dated April 2, 2025, approved the allotment of 100 unsecured, non-convertible debentures (NCDs) of face value Rs. 1 lakh each, raising Rs. 1 crore in this tranche. The total issue size stands at Rs. 5 crore, of which Rs. 4 crore worth (400 NCDs) remains pending allotment. The NCDs carry a 12% annual coupon paid monthly, have a 9-year tenure maturing on April 1, 2034, are unsecured, and will not be listed on any stock exchange (private placement).
The 12% monthly-paying NCD raises Rs. 1 crore for the NBFC at an attractive yield for investors but is dilutive only to debt holders, not equity shareholders. For equity, the impact is neutral to slightly positive, as it indicates the company is actively raising growth capital without tapping equity markets.