Flywings Simulator Training Centre Limited Approves ₹20 Crore NCD Issue and Appoints Internal Auditor
Flywings Simulator Training Centre Limited has finalized key decisions following a Board meeting held on June 11, 2026. The board approved a private placement for the issuance of Non-Convertible Debentures (NCDs) and appointed Mr. Nishant Sharma as the company’s internal auditor for the Financial Year 2026-27.The board meeting also sanctioned the appointment of Catalyst Trusteeship Limited to serve as the Debenture Trustee for the NCD issuance.
Debt Financing Details
The company approved the issuance of 200 Unlisted, Secured, Redeemable, Fully Paid-up, Non-Convertible Debentures (NCDs) through a private placement route. The total size of the issue amounts to INR 20,00,00,000. Each NCD has a face value of ₹10,00,000.The terms and conditions for the NCDs were established as follows:
| Particular | Detail |
|---|---|
| Type of Securities | Non-Convertible Debentures (NCDs) |
| Issuance Method | Private Placement |
| Total Securities Issued | 200 |
| Issue Size | INR 20,00,00,000 |
| Listing Status | Not to be listed |
| Tenure of Instrument | 18 Months |
| Coupon/Interest Offered | 18% P.A. |
| Security Created | Charge over current and fixed assets |
| Default Penalty | 2% Per month |
Appointment of Internal Auditor
The board meeting also addressed the appointment of an internal auditor to comply with regulations. Mr. Nishant Sharma was appointed as the Internal Auditor of Flywings Simulator Training Centre Limited for the Financial Year 2026-27, effective June 11, 2026.Mr. Nishant Sharma is a Commerce Graduate from the University of Delhi and holds a CA Intermediate (IPCC) qualification from the Institute of Chartered Accountants of India. He brings over 10 years of experience in accounting, auditing, taxation, internal controls, and regulatory compliance. Mr. Sharma has worked with reputable chartered accountancy firms, handling statutory audits and assignments for listed and unlisted companies. Currently, he is the Founder and Proprietor of Vyom Advisors, offering advisory services related to corporate compliances, SME IPOs, and taxation.
FWSTC Stock Price Movement
As of 2:41 PM, shares of Flywings Simulator Training Centre Limited shed 2.44% in live trading, currently priced at ₹160. The stock has seen a modest volume of 1,200 shares traded thus far today.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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