The outcome of the meeting of the Board of Directors held on Thursday, on 2nd April 2026. The meeting commenced at 10:30 a.m. and concluded at 3.15 p.m.
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The Board of Supra Pacific Financial Services Ltd, which met on 2nd April 2026, approved the issuance of 2,00,000 secured, unrated, unlisted Non-Convertible Debentures (NCDs) on a private placement basis, aggregating to Rs. 20 crore. The NCDs will have a 2-year tenure with two interest options: 11.60% paid monthly or 11.75% paid yearly, with principal repayable at maturity. Minimum subscription per investor is Rs. 1 crore, and the NCDs will be secured by the company's current assets and will not be listed on any stock exchange. The Board also approved shifting the registered office within Andheri East, Mumbai, for operational convenience, and constituted a Debenture Committee to handle allotments.
The company is raising Rs. 20 crore via debt, which will add to its borrowings and interest obligations. The coupon of 11.60–11.75% is on the higher side, reflecting the unrated and unlisted nature of the instrument. Existing shareholders are not directly diluted since these are non-convertible debentures, but higher debt servicing costs could pressure future earnings if business growth lags.