Intimation is being filed for the outcome of the Board meeting held on 25th September 2025
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Awaiting price reaction for this filing.
The Board of SI Capital & Financial Services Ltd, at its meeting on September 25, 2025, approved raising funds up to Rs. 56.50 Lakhs by issuing Secured Unlisted Redeemable Non-Convertible Debentures (NCDs) through private placement. The issue will consist of 5,650 NCDs with a face value of Rs. 1,000 each. The NCDs will carry an interest rate of 12.00% per annum, payable monthly, with a maximum tenure of 60 months. The NCDs will not be listed on any stock exchange and will be secured by a first charge on company assets.
This is a very small fund-raise (Rs. 56.5 Lakhs) via high-yield (12%) secured NCDs, likely aimed at a small group of private investors rather than the public. Minimal impact on existing shareholders since it involves no equity dilution and the amount raised is small relative to typical corporate financing.