SRG Housing Finance Limited has informed the Exchange regarding Board meeting held on August 01, 2025.
SRGHFL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SRG Housing Finance's Board, at its meeting on August 01, 2025, approved raising up to ₹250 crore through secured, rated, listed, redeemable Non-Convertible Debentures (NCDs). The NCDs will be issued in one or more tranches on a private placement basis during financial year 2025-26. The issuance will comply with the Companies Act, 2013, and SEBI rules, and may use the Electronic Book Provider (EBP) platform. The NCDs are proposed to be listed on BSE and/or NSE. Specific details like tenure, coupon rate, and security will be decided at the time of each tranche. The Board meeting ran from 12:15 PM to 1:00 PM.
This is a debt raise, not equity, so there is no dilution for existing shareholders. The fresh ₹250 crore will likely fund SRG Housing Finance's lending business and growth, but it will also increase the company's overall borrowings and interest obligations.