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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Awaiting price reaction for this filing.
QGO Finance Ltd has allotted 100 unsecured, unlisted, redeemable Non-Convertible Debentures (NCDs) of Rs. 1,00,000 each, aggregating to Rs. 1 crore, via private placement to eligible investors. The NCDs carry a coupon of 12% per annum, payable monthly, and have a 9-year tenure maturing on March 9, 2035. This is part of a larger planned issue of Rs. 19.75 crore, of which 200 securities have already been allotted and 1,675 are pending allotment. The NCDs are unsecured and will not be listed on any stock exchange.
This is a small private debt raise (Rs. 1 crore) that does not dilute shareholders, but the high 12% interest rate signals the company is paying a premium to borrow, which may indicate higher credit risk or limited lender access. Rising debt servicing costs from such expensive borrowings could pressure future profitability.