Intimation for the allotment of 5650 Secured Unlisted Redeemable Non-convertible Debentures made by the Debenture Allotment Committee of the Company at its meeting held on 07.10.2025.
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SI Capital & Financial Services Ltd has allotted 5,650 Secured Unlisted Redeemable NCDs of face value Rs.1,000 each on a private placement basis, aggregating to Rs.56.5 lakhs. The NCDs were allotted to three investors, including Prowl Credit Management Private Limited, Ibrahimkutty P H, and Aparna Jayaraj. The NCDs carry a 12% annual coupon with monthly interest payments and have a 60-month tenure maturing on 06 October 2030. The instruments are secured by a charge on company assets but are not proposed to be listed on any stock exchange.
This is a small fundraise of Rs.56.5 lakhs through high-yield (12%) NCDs from a limited set of investors. Since the NCDs are unlisted and the issue size is modest, there is minimal direct impact on the listed equity, though higher interest costs of 12% will add to the company's debt-servicing burden over the next five years.