Dear Sir/Madam, Pursuant to Regulation 30 of Securities and Exchange Board of India(Listing Regulations and Disclosure Requirements)Regulations, 2015 (SEBI Listing Regulations), We hereby ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
QGO Finance Ltd's Board has approved the allotment of secured, unlisted, redeemable NCDs in two tranches on a private placement basis. Tranche-1 consists of 172 NCDs of Rs. 50,000 each (Rs. 86 lakhs allotted out of Rs. 1 crore issue size) with a 36-month tenure maturing on August 19, 2028. Tranche-2 consists of 154 NCDs of Rs. 50,000 each (Rs. 77 lakhs allotted out of Rs. 2 crore issue size) with an 84-month tenure maturing on August 19, 2032. Both tranches carry a coupon of 12% per annum, payable monthly, and are secured by a first-ranking pari-passu charge over the company's receivables at 100% of the outstanding NCD value. Total allotment across both tranches comes to Rs. 1.63 crore.
The company is raising relatively small debt from private investors at an attractive 12% interest rate, which will increase interest expenses and add to repayment obligations over the next 3-7 years. For shareholders, this signals continued borrowing to fund lending operations but the small size means limited dilution or significant balance sheet impact.