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Awaiting price reaction for this filing.
The Board of Supra Pacific Financial Services approved the allotment of 2,30,000 secured, unrated, unlisted Non-Convertible Debentures (NCDs), aggregating to Rs. 23 crore, on a private placement basis. The total issue size was Rs. 30 crore, but 70,000 NCDs worth Rs. 7 crore were withdrawn and not allotted. The NCDs carry an interest rate of 11.50% per annum, have a tenure of 13 months (allotted on 01.01.2026, maturing on 01.02.2027), and are secured against the company's current assets. The NCDs will not be listed on any stock exchange. Monthly interest payments are scheduled from February 2026 to February 2027, with principal redemption at maturity.
For shareholders: The company is raising Rs. 23 crore through private NCDs at 11.50% interest, which adds to its debt obligations. Since this is unlisted and privately placed, there is no direct impact on share price, but the higher-than-bank interest cost may pressure profitability.