Transwarranty Finance Limited has informed the Exchange regarding Board meeting held on Jun 30, 2025.
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The board of Transwarranty Finance Limited, at its meeting on June 30, 2025, approved the issuance of unlisted Non-Convertible Debentures (NCDs) on a private placement basis. The total issue size is up to Rs. 12.99 crore, comprising 299 secured NCDs and/or 500 unsecured NCDs of Rs. 1 lakh each, and/or 50 special category NCDs of Rs. 10 lakh each. Coupon rates are 11.25% p.a. for secured (3-year tenure), 11.50% p.a. for unsecured (5-year tenure), and 12.00% p.a. for special category NCDs (5 years 367 days). Interest is payable monthly or quarterly depending on category, and the NCDs will not be listed on any exchange.
The company is raising up to Rs. 12.99 crore through privately placed NCDs at attractive yields of up to 12%, which signals incremental borrowing to support its lending business. Since these are unlisted and privately placed, there is no direct dilution for existing shareholders, though higher interest expenses could modestly pressure margins.