Outcome of the meeting of Finance committee held on 29th May,2026.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Unifinz Capital India Ltd's Finance Committee has approved the allotment of 20,000 Non-Convertible Debentures (NCDs) worth INR 20 crore on a private placement basis. The debentures carry a face value of INR 10,000 each with an issue price of INR 10,032.06 (including accrued interest). The securities carry a 13% fixed coupon rate payable monthly and will mature on May 20, 2028 (approximately 24 months tenure). The NCDs are rated BBB-/Stable by CRISIL Ratings and are secured against identified book debts/receivables with a 1.20x asset coverage. The debentures will be listed on BSE's Wholesale Debt Market segment.
The 13% monthly-paying coupon is significantly above market rates for investment-grade debt, suggesting the company faces higher borrowing costs. Shareholders should monitor the company's ability to service this debt, as the high yield reflects elevated credit risk despite the BBB- rating.