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Awaiting price reaction for this filing.
Qualitek Labs Limited's board, at its meeting on 20th December 2025, approved the issuance of secured, unlisted, redeemable Non-Convertible Debentures (NCDs) of ₹1,00,000 face value each, aggregating up to ₹65 crores, on a private placement basis. Vistra ITCL (India) Limited has been appointed as the Debenture Trustee for the issuance. The NCDs will be backed by security including mortgage/hypothecation on assets, pledge of shares, charges on escrow and DSRA accounts, along with corporate guarantees from group entities and personal guarantees from promoters/directors. An Extraordinary General Meeting (EGM) will be convened to seek shareholder approval for creation of security under Section 180(1)(a) of the Companies Act and for any material related party transactions. The coupon rate, tenure, and end-use of funds have not been disclosed and will be finalised at the time of allotment.
This is a private debt raise of up to ₹65 crores that will increase the company's leverage. The pledge of promoter personal guarantees signals significant risk exposure but also promoter commitment. Retail investors should monitor the final coupon rate, end-use of proceeds, and the EGM outcome, as these details are not yet disclosed.