Dear Sir/ Madam, Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") we ....
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QGO Finance Ltd has allotted 400 Secured, Unlisted, Redeemable Non-Convertible Debentures (NCDs) under Tranche-3, raising Rs. 2 crore in total. Each NCD has a face value of Rs. 50,000, and they were issued on a private placement basis to eligible investors. The NCDs carry a 12% per annum coupon rate, payable monthly, with an 84-month tenure maturing on December 4, 2032. The instruments are secured by a first-ranking pari-passu charge over the company's receivables, maintained at 100% of the outstanding NCD value. The allotment was approved via a board resolution by circulation on December 5, 2025, and the NCDs will not be listed on any stock exchange.
The company has raised an additional Rs. 2 crore through relatively high-cost debt (12% annual interest) that will increase its interest expenses over the next 7 years. For shareholders, this signals continued reliance on private debt funding rather than equity, but the small size and secured nature limit immediate dilution or solvency risk.