Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") we hereby inform you ....
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QGO Finance Ltd has allotted 260 secured, unlisted, redeemable Non-Convertible Debentures (Tranche-4) on a private placement basis, with a face value of Rs. 50,000 each, aggregating to Rs. 1.30 crore out of a total issue size of Rs. 2 crore. The NCDs carry a coupon of 12% per annum, payable monthly, and have a tenure of 84 months maturing on March 25, 2033. The instruments are secured by a first-ranking pari-passu charge over the company's receivables, maintained at 100% of outstanding NCDs including interest. The NCDs will not be listed on any stock exchange.
The 12% high-yield NCD issuance is a small fundraising (Rs. 1.30 crore) on the company's balance sheet; it is positive for existing shareholders as it brings in debt capital without dilution, though the relatively high coupon rate suggests the company is offering attractive terms to lenders. This is a routine debt-allotment disclosure and is unlikely to have a material impact on the stock price.