Dear Sir / Madam, Pursuant to Regulation 30 of the (''SEBI Listing Regulations''), we wish to inform you that the Board of Directors of QGO Finance Limited at its meeting held on October ....
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QGO Finance Ltd's Board, at a meeting on October 18, 2025, approved the issuance of 600 Unsecured, Unlisted, Redeemable Non-Convertible Debentures (NCDs) of Rs. 1,00,000 each, aggregating to Rs. 6 Crores, on a private placement basis in one or more tranches. The NCDs carry a fixed interest rate of 12% per annum, payable monthly, with a tenure of 9 years. The instruments are unsecured and will not be listed on any stock exchange. The company is a small NBFC based in Navi Mumbai, raising debt capital to fund its operations.
This is a debt raise of Rs. 6 Crores, not equity, so there is no dilution for existing shareholders. However, the 12% coupon rate is on the higher side, which will increase interest expenses and weigh on profitability. Since the NCDs are unsecured and unlisted, they reflect the company's borrowing terms in the private debt market.