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 circular resolution on February 16, 2026, approved the allotment of 500 unsecured, unlisted, redeemable Non-Convertible Debentures (NCDs) of Rs. 1,00,000 each, aggregating to Rs. 5 Crores. This is part of a total issue size of Rs. 10 Crores (Tranche XLI), with the balance 500 NCDs pending allotment. The NCDs carry a coupon of 12% per annum, payable monthly, and have a 9-year tenure maturing on February 15, 2035. The NCDs are unsecured, will not be listed on any stock exchange, and are issued on a private placement basis to eligible investors.
This is a debt-raising move at a relatively high 12% interest rate, suggesting the company may have limited access to cheaper funding. The Rs. 5 Crore raise is modest, and since these NCDs are unlisted and unsecured, existing shareholders see no dilution but should note the added interest burden on the company's earnings.