<h1>Dar Credit & Capital Ltd. Finalizes Private Placement of Senior Secured Non-Convertible Debentures</h1>
Dar Credit & Capital Limited announced that its Finance Management Committee (FMC) has sanctioned the issuance of up to INR 15,00,00,000 through a private placement of senior secured non-convertible debentures (NCDs). This allocation follows prior approval for NCD issuance amounting to INR 10,00,00,000.
The FMC meeting held on August 7, 2026, approved the allotment of up to 15,000 debentures in dematerialized form. The offering comprises two tranches: Series A Debentures and Series B Debentures, each valued at a face value of INR 10,000.
The details of the proposed issuance are as follows:
| Feature | Detail |
|---|---|
| Type of Securities | Non-Convertible Debentures (NCDs) |
| Issuance Method | Private placement to identified eligible investors |
| Total Issue Size | Up to INR 15 crores |
| Listing | National Stock Exchange (NSE) |
The debentures, which are senior, secured, and rated, are structured with distinct terms based on their series.
NCD Structure Comparison
A comparative look at the Series A and Series B offerings reveals key differences in tenure and coupon rates:| Feature | Series A Debentures | Series B Debentures |
|---|---|---|
| Total Allotment Limit | Up to INR 7,50,00,000 (7,500 debentures) | Up to INR 7,50,00,000 (7,500 debentures) |
| Maturity Date | August 07, 2028 (24 months from allotment) | February 07, 2029 (30 months from allotment) |
| Coupon Rate | 12.95% per annum | 13.05% per annum |
| Security Cover Ratio | At least 1.10x of the amounts outstanding | At least 1.10x of the amounts outstanding |
Both series debentures will be issued on a private placement basis. Interest payments for both Series A and B are scheduled to begin on the 7th day of every month from September 2026, based on the date of allotment (August 07, 2026).
The issuance carries terms related to default, noting that a payment delay due to administrative issues corrected within three business days will not be considered a default. Failure in payment of interest or principal for more than three months from the due date attracts a penalty of 5% per annum over the applicable Coupon Rate on the outstanding principal amount.
DCCL Stock Price Movement
Shares of Dar Credit & Capital Limited are edging higher to ₹48.35 as of 11:39 AM, gaining 0.42% in live trading. The equity continues its upward trajectory, reflecting solid interest as the company operates within the Non-Banking Financial Company sector.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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