CSL Finance Allots Secured NCDs of ₹30 Crore Through Private Placement
CSL Finance Limited announced that its Management Committee passed a resolution approving the allotment of Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs). The funds are being raised through a private placement of NCDs, aggregating to ₹30 Crore.The resolution, passed on April 28, 2026, confirmed the allotment of 30,000 Secured, Rated, Listed, Redeemable NCDs. Each NCD has a face value and issue price of ₹10,000, bringing the total issue size to ₹30,00,00,000/- (Rupees Thirty Crores).
The issuance of the NCDs is scheduled to be listed on the BSE Limited. The instrument has a tenure of 2 years, with a stated maturity date of April 20, 2028. The NCDs offer a coupon rate of 11%, with interest payments scheduled quarterly.
Key Financial and Structural Details
The details of the proposed securities issuance are summarized below:| Detail | Description |
|---|---|
| Issuance Size | ₹30,00,00,000/- (Rupees Thirty Crores) |
| Security Type | Secured, Rated, Listed, Redeemable NCD |
| Investment Vehicle | Private Placement |
| Total Securities Allotted | 30,000 NCDs |
| Face Value / Issue Price | ₹10,000/- each |
| Tenure | 2 Years |
| Maturity Date | April 20, 2028 |
| Coupon Rate | 11% (Quarterly Schedule) |
The NCDs are secured by a charge on the company's assets and personal guarantees. The security package includes a first ranking, exclusive, and continuing charge on the loan receivables of CSL Finance Limited, equivalent to 1.25 times the outstanding amount including accrued coupon. Additionally, an unconditional and irrevocable personal guarantee has been provided by Mr. Rohit Gupta.
The company confirmed that the NCDs are redeemable on maturity (April 20, 2028), and there is no recorded delay in payment of interest or principal for a period exceeding three months from the due date.
CSLFINANCE Stock Price Movement
As of 2:06 PM, shares of CSL Finance Limited are slipping by 1.16% in live trading, currently trading at ₹228.79. The stock has shed ₹2.68 from its previous session's close, with trading activity seeing 15,076 shares traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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