IBL Finance Limited Allots 35 Non-Convertible Debentures in Private Placement
IBL Finance Limited has finalized the allotment of Unlisted, Senior, Secured, Unrated, Taxable, Redeemable Non-Convertible Debentures (NCDs) worth Rs. 35,00,000/- through a private placement offering. The issuance was approved by the Company's Finance Committee on July 4, 2026.The company allotted 35 NCDs, with each debenture having a face value of Rs. 1,00,000/- and an issue price of Rs. 1,00,000/-. The offering, conducted on a private placement basis to identified eligible investors, successfully raised a total of Rs. 35,00,000/-.
The issuance process was preceded by the Board of Directors approving the NCD issuance in its meeting held on July 16, 2025. This decision was subsequently approved by a Special resolution passed by shareholders at the Annual General Meeting (AGM) on August 22, 2025.
The key terms and conditions of the Non-Convertible Debentures are detailed below:
| Feature | Details |
|---|---|
| Security Type | Unlisted, Senior, Secured, Unrated, Taxable Redeemable NCDs |
| Issue Method | Private Placement to identified eligible investors |
| Total Allotment | 35 NCDs aggregating Rs. 35,00,000/- |
| Allotment Date | July 4, 2026 |
| Maturity Date | October 9, 2028 (828 days from allotment) |
| Coupon Rate | Fixed at 13.00% Per Annum |
| Interest Payment | Monthly |
The NCDs are secured by a charge created over the company's receivables or Book Debts, ensuring a minimum security coverage of 1.05 times the loan amount.
Specific terms regarding default and interest payments were also outlined in the allotment documentation. In case of a default in payment of Coupon or redemption of the principal amount on the due dates, an additional interest rate of at least 1% per annum over and above the Coupon Rate is payable for the defaulting period. Furthermore, if the Company fails to execute the trust deed within the stipulated time, it must pay interest of at least 1% per annum or a rate specified by the regulatory authority to the Debenture Holders, in addition to the Coupon Rate.
IBLFL Stock Price Movement
On Friday, IBL Finance Limited shares settled flat at ₹57.05 after a session that saw no movement in the stock's value. The equity closed within its established trading range, which spanned from 54.20 to 59.90.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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