Board of Directors in its meeting held today i.e. Monday, 23rd March, 2026, has inter alia, approved the issuance of senior, secured, rated, listed, redeemable, transferable, non-convertible ....
SAHLIBHFI · price
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The Board of Directors of Shalibhadra Finance Ltd, meeting on 23rd March 2026, approved the issuance of senior, secured, rated, listed, redeemable, non-convertible debentures (NCDs) worth up to Rs. 19.50 crores on a private placement basis. The NCDs will carry a coupon rate of 12% per annum, payable monthly, and are proposed to be listed on BSE. Security for the NCDs will be a first-ranking exclusive charge on the company's loan receivables and book debts, along with an unconditional personal guarantee from the promoters. The company is an NBFC, and the tenure and exact allotment date will be set out in the transaction documents to be executed later.
For existing shareholders, this is a debt-raising move (not equity dilution), but it adds Rs. 19.5 crore of secured borrowing at a relatively high 12% interest cost, which may pressure margins. Promoters are backing the issue with a personal guarantee, which is a positive comfort signal for debenture holders.