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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QGO Finance Ltd's Board of Directors, at a meeting held on November 24, 2025, approved the issuance of Unsecured, Unlisted, Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The issue size is approximately Rs. 4 Crores, comprising 400 NCDs of Rs. 1,00,000 each, to be issued 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 NCDs will not be listed on any stock exchange and are unsecured with no charge created over company assets.
The company is raising Rs. 4 Crores through high-cost debt (12% p.a.), which is relatively expensive borrowing and may pressure future interest expenses. Since the NCDs are unlisted and privately placed, existing shareholders are not directly affected, but the high coupon rate signals the company's risk profile and cost of capital.