Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations'), we wish to inform ....
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QGO Finance Ltd's Board, at its meeting on February 26, 2026, approved raising funds through two separate NCD issues on a private placement basis. The first is Tranche-IV of Secured NCDs comprising 400 debentures of Rs. 50,000 each, totalling Rs. 2 crore, with an 84-month (7-year) tenure and 12% p.a. fixed monthly interest, secured by a first pari-passu charge on company receivables. The second is Unsecured NCDs comprising 1,975 debentures of Rs. 1,00,000 each, totalling Rs. 19.75 crore, with a 9-year tenure and 12% p.a. fixed monthly interest. Both issues are unlisted and will be allotted to eligible investors in one or more tranches, taking combined planned fundraising to Rs. 21.75 crore.
This is a debt-raising exercise, not equity dilution, so existing shareholders face no change in shareholding. The 12% interest rate is relatively high, signalling meaningful borrowing costs for the company, and the monthly interest outflow will create a steady cash obligation. For the stock, the immediate price impact is likely minimal, but successful placement would strengthen the company's lending capital base while adding long-term repayment liabilities.