The outcome of the meeting of the Board of Directors held on Tuesday 3rd June 2025, at 10:00 a.m.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Directors of Supra Pacific Financial Services Ltd met on June 3, 2025 and approved key decisions. The Board approved the allotment of secured, unrated, unlisted Non-Convertible Debentures (NCDs) aggregating up to Rs. 4 crore, with the option to revoke unsubscribed portions. Separately, the Board also approved the issuance of fresh secured, unrated, unlisted NCDs aggregating up to Rs. 10 crore, with a minimum subscription size of Rs. 1 crore. Additionally, the Board reviewed overall business operations and approved shifting the corporate office in Ernakulam, Kerala to a new location effective July 31, 2025. The total NCD-related activity involves up to Rs. 14 crore in secured debt instruments.
The company is raising up to Rs. 14 crore through NCDs to bolster its capital base, which may support business growth or lending activities. Since the NCDs are secured, existing shareholders have a claim on company assets in case of default, though they are unlisted and unrated so liquidity and credit quality may be limited. The office relocation is a routine administrative change with no material financial impact.