Intimation for the outcome of the Board meeting of the Company held on 23rd October 2025.
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Awaiting price reaction for this filing.
The Board of SI Capital & Financial Services Ltd, at its meeting on October 23, 2025, approved raising funds up to Rs. 3.05 crore through the issuance of Secured Unlisted Redeemable Non-Convertible Debentures (NCDs) via private placement. The issue consists of 30,500 NCDs with a face value of Rs. 1,000 each, to be allotted over four tenure schemes: 24 months at 9% interest, 36 months at 10%, 48 months at 11%, and 60 months at 12%, with interest paid monthly. The NCDs will be unlisted and secured by a first charge on company assets. Investor names and exact allotment/maturity dates are yet to be decided by the Board.
The fundraise is relatively small (Rs. 3.05 crore) and is being raised as debt rather than equity, so there is no dilution for existing shareholders. However, the interest rates of up to 12% are high and will add to the company's debt servicing costs, which may weigh on profitability going forward.