The outcome of the meeting of the Board of Directors held on Monday, on 4th May 2026.
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Supra Pacific Financial Services Ltd's board approved the issuance of 2,00,000 secured, unlisted Non-Convertible Debentures (NCDs) worth ₹200 crore on private placement basis. The NCDs offer interest rates ranging from 11.60% to 12.50% per annum across tenures of 24, 36, 60, and 70 months. Special higher rates are offered for women and senior citizens. The securities are unrated, unlisted, and require a minimum subscription of ₹1 crore per investor. The allotment is scheduled before 30th June 2026. The board also appointed Mr. Manoj Ravi as the new CEO of the company.
The high-yield NCD issuance at 12%+ rates indicates the company is seeking capital for business expansion or operations. The unlisted and unrated nature of these NCDs suggests higher risk for investors, as they carry no credit rating and limited exit options. The appointment of a new CEO adds governance focus.