OUTCOME OF FINANCE COMMITTEE MEETING HELD ON 12 MAY 2026
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Unifinz Capital India's Finance Committee approved the allotment of 35,000 listed, rated, senior, secured, redeemable NCDs on a private placement basis under existing ISIN INE926R07027. The debentures have a face value of INR 10,000 each, issued at INR 10,067.68 per debenture (including accrued interest), aggregating to INR 35 Crore. They carry a fixed coupon rate of 13% per annum, payable monthly, with a tenure of approximately 23 months maturing on April 23, 2028. The debentures are secured by a first-ranking charge over identified book debts/receivables of the company, with asset coverage of at least 1.2x the outstanding amounts. CRISIL has rated the debentures BBB-/Stable. In case of payment default beyond three months, additional interest of 4% per annum will apply.
The company is raising INR 35 Crore through secured NCDs at a high coupon of 13%, signaling strong borrowing activity. The BBB- rating and 1.2x asset cover provide some investor protection, but the elevated yield suggests moderate credit risk. Shareholders should monitor the company's debt servicing capacity given the relatively short maturity window of under two years.