The outcome of the meeting of the Board of Directors held on Thursday, on 4th April 2026. The meeting commenced at 10:30 a.m. and concluded at 12.15 p.m.
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On the reaction day the stock moved in line with Nifty Microcap 250 and 0.9 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The board of Supra Pacific Financial Services Ltd approved the issuance of 50,000 secured, unrated, unlisted Non-Convertible Debentures (NCDs) on a private placement basis, aggregating to ₹5 crore. The minimum subscription per investor is set at ₹1 crore or above. The NCDs carry an interest rate of 11.60% per annum, payable monthly over a 2-year tenure, with principal repayment due at maturity. Security has been created on the current assets of the company. The board also reviewed business operations and prospects. No equity dilution is involved since the instrument is purely debt.
The company is raising ₹5 crore of debt at a relatively high coupon of 11.60%, which signals a higher cost of borrowing and may reflect the company's credit profile. Existing shareholders are not diluted as these are debentures, but the high interest outgo each month will pressure earnings. The small issue size and unlisted, unrated nature suggest this is a niche private placement rather than a broad market event.