Outcome of Finance Committee Meeting held on 11th March, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Unifinz Capital India's Finance Committee approved issuing up to 35,000 listed, secured, senior, taxable, redeemable non-convertible debentures (NCDs) on a private placement basis, with a base issue of 30,000 NCDs and a green shoe option of 5,000 NCDs. Each NCD has a face value of ₹10,000, taking the total base issue size to ₹30 crore (up to ₹35 crore with the green shoe). The NCDs carry a coupon of 13% per annum payable monthly, have a tenure of about 14 months (allotment March 18, 2026, maturity May 24, 2027), and will be listed on the BSE Wholesale Debt Market segment under existing ISIN INE926R07019. The issue is secured by a first-ranking charge on the company's book debts and receivables, with asset cover maintained at 1.30 times outstanding amounts. The issue price of ₹9,950.14 reflects accrued interest of ₹49.86 per NCD.
This is a debt raise (not equity), so there is no dilution for existing shareholders, but the 13% coupon is a relatively high borrowing cost that will increase interest expenses and may pressure margins. For the stock, the near-term price impact is limited as the NCDs are listed separately on the debt segment, though it signals ongoing capital-raising activity by the company.