Intimation being filed for the fundraising by way of issuance of NCD as decided by the Board of Directors at their meeting held on 25th September 2025.
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Awaiting price reaction for this filing.
SI Capital & Financial Services Ltd's board, meeting on 25 September 2025, approved raising up to Rs 56.50 lakhs by issuing Secured Unlisted Redeemable Non-Convertible Debentures (NCDs) through private placement. The issue consists of 5,650 NCDs of Rs 1,000 face value each, carries an interest rate of 12% per annum payable monthly, has a tenure of up to 60 months, and will be secured by a first charge on company assets. The NCDs will not be listed on any stock exchange, and the investors will be identified later by the Board. The fundraising size is quite small at just Rs 56.5 lakhs.
This is a small debt-based fundraising with no equity dilution for shareholders. The 12% coupon is attractive for lenders but the tiny issue size means minimal impact on the company's financial position or share price.