Intimation of appointment of CEO under Regulation 30 of SEBI (LODR) Reg, 2015
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors of Supra Pacific Financial Services Ltd met on 4th May 2026 and approved two key items. First, the company will issue 2,00,000 secured, unrated, unlisted Non-Convertible Debentures (NCDs) on private placement basis aggregating to Rs. 20 crore. These NCDs will have tenures of 24, 36, 60, and 70 months with interest rates ranging from 11.60% to 12.60% depending on tenure and investor category. Second, the board appointed Mr. Manoj Ravi as Chief Executive Officer of the company. The NCDs are secured against current assets of the company and are not proposed to be listed.
The appointment of a new CEO represents a change in top leadership that investors should note. The NCD issuance of Rs. 20 crore indicates the company is raising debt capital through private placement, which does not dilute equity but increases liabilities.