Outcome of Finance Committee meeting held today 24 February 2026, for allotment of Non-convertible debentures
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Unifinz Capital India's Finance Committee approved the allotment of 75,000 listed, rated, senior, secured, redeemable, non-convertible debentures (NCDs) on a private placement basis. Each NCD has a face value of INR 10,000, bringing the total issue size to INR 75 crore. The NCDs carry a fixed coupon of 13% per annum, payable monthly, with a 15-month tenure maturing on May 24, 2027. The issue is rated BBB-/Stable by India Ratings and is proposed to be listed on the Wholesale Debt Market segment of BSE. The debentures are secured by hypothecated assets maintaining at least 1.30 times cover over outstanding amounts.
The company is raising INR 75 crore of secured debt at a relatively high 13% coupon with a BBB- rating, suggesting moderate credit risk and meaningful interest expense for the small-cap lender. For equity shareholders, this expands the company's leverage but is a routine capital-raising activity for an NBFC. The high yield reflects the credit profile rather than offering attractive opportunity for retail equity holders.