Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 we hereby inform you that majority of the Board of ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
QGO Finance Ltd's Board has approved the allotment of 200 unsecured, unlisted, redeemable NCDs of Rs. 1,00,000 each, totalling Rs. 2 crore, through a private placement to eligible investors. The NCDs carry a coupon rate of 12% per annum, payable monthly, with a tenure of 9 years maturing on March 23, 2035. This is the 42nd tranche (Tranche-XLII) of the company's NCD issuance program, with a total issue size of Rs. 19.75 crore — of which 1,350 securities have already been allotted in earlier tranches and 425 are pending allotment. The NCDs are unsecured and will not be listed on any stock exchange.
The 12% monthly coupon signals aggressive fundraising at a high cost of borrowing, which may pressure future profitability but provides Rs. 2 crore in fresh capital. Since these are unlisted and unsecured, existing equity shareholders are not directly affected, though rising debt servicing costs could weigh on the company's earnings over time.