Dear Sir / Madam, Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations'), ....
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Awaiting price reaction for this filing.
The Board of QGO Finance Ltd, at its meeting on December 4, 2025, approved the issuance of Secured, Unlisted, Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. Tranche III will consist of 400 NCDs of Rs. 50,000 each, aggregating to Rs. 2 crore. The NCDs carry a fixed interest rate of 12% per annum, payable monthly, with a tenure of 84 months (7 years). The instruments are secured by a first pari-passu charge on the company's identified receivables and will not be listed on any stock exchange. The company is a non-banking finance company based in Navi Mumbai.
This is a small (Rs. 2 crore) debt raise at an attractive 12% yield, suggesting strong lender appetite but signaling a relatively small-scale borrowing. For existing shareholders, there is no equity dilution since these are plain debentures, though the high coupon indicates the company is paying a premium for funding typical of smaller NBFCs.