The Board of Director Consider and approved the issuance of Secured, unlisted, unrated and Redeemable non Convertiable Debentures.
Awaiting price reaction for this filing.
BCL Enterprises' board held a meeting on December 5, 2025 and approved three key decisions. First, the company plans to raise up to ₹200 Crores through secured, unlisted, unrated, redeemable non-convertible debentures (NCDs) on a private placement basis, with a face value of ₹1 lakh each, a 5-year tenure, zero coupon rate, and 13% p.a. IRR compounded monthly, payable as a bullet at maturity. Second, Mr. Kishore Kargeti resigned as Chief Financial Officer (KMP) with immediate effect, citing personal reasons related to workload. Third, Mr. Shahzaib Nawaz, a qualified Chartered Accountant and MBA (Finance) with over 9 years of experience in accounts, finance, taxation, and financial reporting, has been appointed as the new CFO effective December 5, 2025.
The ₹200 Crore NCD raise signals a significant borrowing plan that could expand the company's debt obligations, while the back-to-back CFO change means shareholders should watch for smooth financial leadership transition. The 13% IRR reflects a high cost of borrowing, which may pressure future profitability if the funds are not deployed efficiently.