Dear Sir/Madam, Pursuant to regulation 30 of the SEBI (LODR), 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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QGO Finance Ltd's Board, via circulation resolution on August 6, 2025, approved the allotment of 100 Transferable Unsecured Non-Convertible Debentures with a face value of Rs. 1,00,000 each, totaling Rs. 1 crore. The total issue size is Rs. 1.5 crore, with 50 securities still pending allotment. These NCDs carry a 12% per annum coupon, paid monthly, and have a 9-year tenure maturing on August 5, 2034. The NCDs are unsecured and will not be listed on any stock exchange.
This is a small private debt raise of Rs. 1.5 crore at a relatively high 12% coupon rate, which may indicate a weaker credit profile or limited access to cheaper funding. It does not dilute equity shareholders but adds to the company's interest burden with monthly payout obligations over 9 years.