Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 we hereby inform you that the majority of the Board ....
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QGO Finance Ltd has allotted 500 unsecured, unlisted, redeemable Non-Convertible Debentures (NCDs) of Rs. 1,00,000 each, aggregating to Rs. 5 crore in this tranche (Tranche XLII). The total issue size is Rs. 19.75 crore. The NCDs carry a coupon of 12% per annum, payable monthly, with a long tenure of 9 years maturing on March 12, 2035. These were issued on a private placement basis to eligible investors and are not proposed to be listed. So far, 300 securities have been allotted in prior tranches and 1,175 are still pending allotment.
The 12% high-yield NCD raise signals aggressive borrowing at a premium cost of capital, which could pressure profitability but provides long-term funding. Since these are unlisted and unsecured, retail shareholders on the exchange see no direct dilution or listing impact, though higher interest costs may affect future earnings.