Intimation under Reg 30 of LODR regulation for issuance of securities, as decided by the Board at their meeting held on 23.10.2025.
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The Board of Directors of SI Capital & Financial Services Ltd approved the issuance of Secured Unlisted Redeemable Non-Convertible Debentures (NCDs) via private placement on October 23, 2025. The issue size is up to Rs. 3.05 crore, comprising 30,500 NCDs with a face value of Rs. 1,000 each. The NCDs will be unlisted and secured by a first charge on company assets. Four tenure schemes are offered: 24 months at 9%, 36 months at 10%, 48 months at 11%, and 60 months at 12%, with interest payable monthly. The investor names are yet to be decided by the Board.
This is a relatively small debt raise of Rs. 3.05 crore at attractive yields (up to 12%) for the company, likely to fund business operations. For shareholders, the debt dilution is minimal and secured status protects investor interests, though there is no direct equity dilution.