Intimation for the allotment of 28000 Secured Unlisted Redeemable Non-Convertible Debentures at a face value of Rs. 1000 each pursuant to the decision taken in the debenture allotment committee ....
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SI Capital & Financial Services Ltd has allotted 28,000 Secured Unlisted Redeemable Non-Convertible Debentures (NCDs) worth Rs. 2.80 crore via private placement at par (Rs. 1,000 each). The NCDs were issued to four investors — two companies (PIT Solutions Pvt Ltd and AIALPHA Financial Advisory Services Pvt Ltd) and two individuals (Salim K K and Raihana Salim). The issue has two schemes: Scheme I with a 24-month tenor at 9% interest, and Scheme II with a 60-month tenor at 12% interest, both with monthly interest payouts. Both schemes mature on November 6, 2030, and the NCDs are secured by a first charge on company assets. The Debenture Allotment Committee approved the issue in a brief meeting on November 6, 2025.
This is a small Rs. 2.80 crore fundraise that strengthens the company's borrowing base without diluting equity shareholders. The higher 12% coupon on the long-tenor scheme will increase interest expenses, but the secured structure gives lenders comfort. Overall impact on the stock is limited given the modest size.