Outcome of the meeting held on 21st May,2026.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Finance Committee of Unifinz Capital India Ltd approved the issuance of up to 20,000 listed, rated, senior, secured, redeemable, non-convertible debentures (NCDs) with a total size of up to ₹20 crore (including a ₹10 crore green shoe option). The debentures carry a face value of ₹10,000 each and an issue price of ₹10,032.06 per debenture, with the premium representing accrued interest. The coupon rate is 13% per annum payable monthly over a tenure of approximately 23 months and 21 days (allotment: May 29, 2026, maturity: May 20, 2028). The NCDs will be secured against identified book debts/receivables at a minimum cover of 1.2x the outstanding amount. The NCDs are proposed to be listed on the BSE Wholesale Debt Market segment under the existing ISIN INE926R07035. In case of payment default, additional interest of 4% per annum will be charged over the coupon rate.
The 13% coupon rate signals a high-yield debt issuance, indicating elevated credit risk. Shareholders should monitor the company's debt servicing ability given the expensive borrowing cost and ~2-year repayment timeline.