Dar Credit & Capital Ltd. Approves Allotment of ₹14 Crore in Non-Convertible Debentures
Dar Credit & Capital Ltd. announced that its Board of Directors approved the allotment of Non-Convertible Debentures (NCDs) through a private placement. The approval was made during a board meeting held on May 29, 2026.The Board meeting, which commenced at 12:30 p.m. and concluded at 12:40 p.m., approved the allotment of 14,000 NCDs. Each debenture carries a face value of ₹1 and the total aggregate value is ₹14,00,00,000/- (Rupees Fourteen Crores only). The NCDs are structured as 12.75% Senior, Secured, Rated, Listed, Taxable, Redeemable, Transferable, Non-Convertible Debentures, issued for cash at par on a private placement basis.
The approval for NCD issuance follows previous indications regarding the potential allotment of NCDs up to a limit of Rs. 25,00,00,000 and Rs 50,00,00,000 in one or more tranches.
NCD Issue Details
The details of the proposed securities allotment include the following key parameters:| Particulars | Detail |
|---|---|
| Type of Securities | 12.75% Senior, Secured, Rated, Listed, Taxable, Redeemable, Transferable, Non-Convertible Debentures (NCDs) |
| Issue Type | Private placement basis to identified eligible investors |
| Total Issue Size | Rs. 14,00,00,000/- |
| Number of Units | 14,000 |
| Face Value per Unit | INR 1 |
| Listing Exchange | National Stock Exchange (NSE) |
| Allotment Date | 29th May 2026 |
| Maturity Date | 29th November 2028 |
Key Financial Terms of the NCDs
The debentures offer a fixed coupon rate of 12.75% per annum, payable monthly through the final redemption date. Payments are scheduled for the 29th day of every month, beginning in June and continuing until November 29, 2028.The repayment structure is detailed as follows:
- Coupon Payment: Fixed rate of 12.75% per annum, paid monthly.
- Principal Repayment: The debentures feature monthly interest payments and staggered principal repayment: 10% repayment in the 18th and 21st months, 20% repayment in the 24th and 27th months, and the remaining 40% principal repayment in the 30th month.
The NCDs are backed by an exclusive charge via a deed of hypothecation over specific asset portfolio receivables of the Issuer, maintaining a security cover of 1.10 times.
The company specified that in the event the Security Cover Ratio falls below the stipulated cover due to unavailability of eligible loans, it must furnish cash collateral (in the form of a fixed deposit) within three business days.
DCCL Stock Price Movement
Today, Dar Credit & Capital Limited shares settled flat at ₹39.3, registering no change (0.00%) for the day. The stock maintained notable stability throughout the session, closing exactly where it began its trading movement.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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