The outcome of the meeting of the Board of Directors held on Friday, on 23rd January 2026. The meeting commenced at 10:30 a.m. and concluded at 12:30 p.m.
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The board of Supra Pacific Financial Services Ltd, at its meeting on January 23, 2026, approved the allotment of 82,076 secured, unrated, and unlisted Non-Convertible Debentures (NCDs) on a private placement basis, raising about ₹8.21 crores. The NCDs are offered in three tenures — 2 years, 5 years, and 6 years (a doubling scheme) — with interest rates ranging from 11.00% to 12.25% effective annually. Interest is payable monthly or yearly depending on the tranche, and principal is repaid at maturity. The NCDs are secured against the company's current assets and are not proposed to be listed on any stock exchange. The board also reviewed the company's business operations and prospects.
The company is raising small-scale debt at relatively high interest rates (up to 12.25%), which may indicate a higher cost of borrowing or a niche investor base. Since the NCDs are unlisted and secured against current assets, existing shareholders face no equity dilution, but the company takes on meaningful debt-servicing obligations over the next 2 to 6 years.