Dar Credit & Capital Ltd. Allots ₹15 Crore in Non-Convertible Debentures
Dar Credit & Capital Limited announced on March 30, 2026, that its Board of Directors approved the allotment of ₹15,00,00,000 (Rupees Fifteen Crores only) in 12.75% Senior, Secured, Rated, Listed, Taxable, Redeemable, Transferable, Non-Convertible Debentures (NCDs). The meeting commenced at 12:00 p.m. and concluded at 12:15 p.m.The company issued 15,000 NCDs, each with a face value of ₹10,000, on a private placement basis.
Key details of the NCDs are as follows:
NCD Details
| Particulars | Disclosure |
|---|---|
| Type of Securities | 12.75% Senior, Secured, Rated, Listed, Taxable, Redeemable, Transferable, Non-Convertible Debentures (NCDs) |
| Type of Issuance | Issue of NCDs on a private placement basis |
| Total Number of Securities | 15,000 |
| Size of the Issue | Rs. 15,00,00,000/- |
| Listing | Yes, on the National Stock Exchange (NSE) |
| Tenure | Date of Allotment: March 30, 2026; Date of Maturity: September 30, 2028 |
| Coupon Rate | 12.75% per annum, payable monthly |
| Security | An exclusive charge via a deed of hypothecation over specific asset portfolio of receivables of the Issuer will be maintained. |
| Default Penalty | 5% per annum on the outstanding principal amount for interest/principal default, and 2% per annum for covenant breach. |
| Redemption | 10% Principal Amortization in each of 18th and 21st month; 20% Principal Amortization in each of 24th and 27th month and 40% Principal Amortization in 30th month. |
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