IBL Finance Limited Allots Rs. 49 Lacs in Non-Convertible Debentures via Private Placement
IBL Finance Limited announced the allotment of Unlisted, Senior, Secured, Unrated, Taxable, Redeemable Non-Convertible Debentures (NCDs) aggregating Rs. 49,00,000/-. The allotment was approved by the company’s Finance Committee during its meeting held on April 14, 2026.The issuance of the NCDs was undertaken on a Private Placement basis. The company stated that the issuance was previously approved by the Board of Directors in its meeting on July 16, 2025, and further sanctioned by the Special resolution of the shareholders at the Annual General Meeting held on August 22, 2025.
The company allotted a total of 49 NCDs, each having a face value of Rs. 1,00,000/-. The total size of the issue amounted to Rs. 49,00,000/- (Rupee Forty Nine Lacs Only).
Key Transaction Details
The NCD allotment carries specific financial and structural terms, as detailed below:| Aspect | Details |
|---|---|
| Type of Security | Unlisted, Senior, Secured, Unrated, Taxable, Redeemable Non-Convertible Debentures (NCDs) |
| Issue Basis | Private Placement to identified eligible investor |
| Total Securities Allotted | 49 NCDs, each with a face value of ₹ 1,00,000, aggregating to Rs.49,00,000/- |
| Coupon Rate | Fixed Coupon Rate of 13.00% Per Annum |
| Coupon Frequency | Monthly |
| Date of Allotment | April 14, 2026 |
| Date of Maturity | 787 days from the date of allotment, i.e., June 9, 2028 |
| Security Creation | Secured by a charge by way of hypothecation of receivables/Book Debts of the company, maintaining a minimum security coverage of 1.05 times of the loan amount. |
Additional Terms and Conditions
The debentures are redeemable upon maturity. The company specified that in the event of a default in payment of the Coupon or redemption of the principal amount on the due dates, additional interest of at least 1% per annum over and above the Coupon Rate shall be payable for the defaulting period.IBLFL Stock Price Movement
On Monday, IBL Finance Limited shares settled flat, closing at ₹51.2. The stock traded without fluctuation, maintaining its established level throughout the session.Source:
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