Dar Credit & Capital Ltd. Allots Non-Convertible Debentures
Dar Credit & Capital Ltd. announced on March 24, 2026, that its Board of Directors approved the allotment of 600 Senior, Secured, Rated, Listed, Taxable, Redeemable, Transferable, Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each for a total of ₹6,00,00,000 on a private placement basis.The NCDs carry a coupon rate of 13% per annum, with monthly payments starting April 24, 2026, and a final redemption date of March 24, 2029. The date of allotment was March 24, 2026. An exclusive charge will be created over a portfolio of receivables with a security cover of 1.10 times. The NCDs will be listed on the National Stock Exchange (NSE).
| Particulars | Disclosure |
|---|---|
| Type of Securities | 13% Senior, Secured, Rated, Listed, Taxable, Redeemable, Transferable, Non-Convertible Debentures (NCDs) |
| Issuance Type | Issue of NCDs on private placement basis |
| Total Number of Securities | 600, with a base issue size of 500 and a green shoe option of 100 |
| Total Issue Size | ₹6,00,00,000, including a base size of ₹5,00,00,000 and a green shoe option of ₹1,00,00,000 |
| Listing | Yes, on the National Stock Exchange (NSE) |
| Tenure | March 24, 2026, to March 24, 2029 |
| Coupon Rate | 13% per annum, payable monthly |
| Security | Exclusive charge via a deed of hypothecation over a portfolio of receivables |
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