Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 we hereby inform you that the majority of the ....
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QGO Finance Ltd's Board, via a resolution passed by circulation on March 6, 2026, approved the allotment of 200 unsecured, unlisted, redeemable NCDs of Rs. 1,00,000 each, aggregating to Rs. 2 Crore under Tranche-XLII. The total size of the issue stands at Rs. 19.75 Crore, with 1,775 securities still pending allotment in future tranches. The NCDs carry a 12% per annum coupon, payable monthly, and have a long 9-year tenure maturing on March 5, 2035. These NCDs are unsecured, not proposed for listing, and were issued to eligible investors on a private placement basis.
This is a relatively small fundraising of Rs. 2 Crore from high-cost debt (12% interest) by a non-banking finance company, which could pressure margins but is too small to materially impact the stock. The high coupon rate and long tenure reflect the company's funding cost and risk profile, with 1,775 more NCDs expected to be allotted later to reach the full Rs. 19.75 Crore target.