Intimation under Reg 30 of the LODR regulations for the fund raising decision taken by the Board of Directors at their meeting held on 23.10.2025.
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The Board of SI Capital & Financial Services Ltd approved raising up to Rs 3.05 crore (Rs 3,05,00,000) through 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, offered under four tenure schemes: 24 months at 9%, 36 months at 10%, 48 months at 11%, and 60 months at 12%, with monthly interest payments. The NCDs will be secured by a first charge on the company's assets and will not be listed on any stock exchange. Specific investor names are yet to be decided by the Board.
This is a small debt raise of Rs 3.05 crore by a small-cap NBFC, likely for growth or lending capital. The 12% interest on the longest-tenure scheme is attractive but reflects the company's small scale and credit risk. Minor dilution risk for shareholders since these are debt instruments, not equity, though higher debt servicing costs could modestly pressure future earnings.