Signatureglobal (India) Limited has informed the Exchange regarding Outcome of Board Meeting held on Jun 25, 2025.
SIGNATURE · price
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The Board of Directors of Signatureglobal (India) Limited, at its meeting on June 25, 2025, approved raising funds up to Rs. 875 crore through the issuance of Secured Listed Redeemable Non-Convertible Debentures (NCDs) on a private placement basis, in one or more series or tranches. A Debenture Committee has been set up to handle the issuance and allotment process. The Board also approved an amendment to the Articles of Association to include a clause allowing the appointment of a Director nominated by the Debenture Trustee, as required under SEBI rules. Additionally, a Postal Ballot notice was approved to seek shareholder approval for the NCD issuance, enhancement of borrowing limit, enhancement of limit for creation of security, and alteration of Articles of Association. The trading window for dealing in company securities remains closed till June 27, 2025.
Shareholders will soon get to vote via Postal Ballot on the NCD issuance and related proposals. The up to Rs. 875 crore debt raise will increase the company's borrowings, which could pressure leverage metrics in the short term, but provides additional capital for business growth.