Finance Committee Meeting to consider the proposal for fundraising by way of issuance of NCD
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Unifinz Capital India Limited has informed BSE that its Finance Committee will meet on March 11, 2026, to consider and approve a proposal for raising funds through the issuance of Non-Convertible Debentures (NCDs) on a private placement basis. The proposed fundraising amount is capped at Rs. 200 Crore. The company has clarified that this issuance falls within the overall borrowing limits already approved by shareholders at the Annual General Meeting held on July 30, 2025. No specific yield, coupon rate, or tenure details have been disclosed in this intimation. This is a prior intimation under SEBI LODR Regulation 29, meaning a detailed announcement is expected after the meeting.
For shareholders, this signals the company's intent to raise additional debt of up to Rs. 200 Crore, which could expand business operations but will also add to the company's debt obligations. The stock may see some movement post the March 11 meeting when further details (coupon rate, tenure, use of proceeds) are announced.