Signatureglobal (India) Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
SIGNATURE · price
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The board of Signatureglobal (India) Limited, in a meeting held on 25th June 2025, approved raising up to Rs. 875 Crores through Secured Listed Redeemable Non-Convertible Debentures (NCDs) on a private placement basis, to be issued in one or more tranches. 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 norms for non-convertible securities. Additionally, a Postal Ballot notice was cleared to seek shareholder approval for the NCD issuance, enhancement of borrowing limits, enhancement of the security creation limit, and the AOA alteration. A Debenture Committee was formed to oversee the NCD issuance. The trading window remains closed till 27th June 2025.
Shareholders will be asked to vote on a significant debt raise of Rs. 875 Crores via NCDs and an expanded borrowing/security limit, which could increase the company's leverage but provides additional funding for operations or growth. Existing equity is not being diluted since this is a debt instrument, but interest obligations and security creation may affect future financials.