OnMobile Global Completes Debenture Issuance and Re-appoints Director & CFO Radhika Venugopal
OnMobile Global Limited has announced significant corporate decisions following a Board meeting held on June 24, 2026. The Board approved the issuance of secured Non-Convertible Debentures (NCDs) through private placement, while also reappointing Radhika Venugopal as a Director/Whole-time Director and Chief Financial Officer (CFO).The company structured two separate placements of debentures, each with specific terms regarding size, tenure, and security. The details of the proposed securities are outlined below:
| Feature | Investor 1 Placement Details | Investor 2 Placement Details |
|---|---|---|
| Type of Securities | Secured, redeemable, unrated, unlisted Non-Convertible Debentures (NCDs) | Secured, redeemable, unrated and unlisted Non-Convertible Debentures (NCDs) |
| Issuance Type | Private Placement | Private Placement |
| Total Size of Issue | Up to INR 75,00,00,000 (Seventy-Five crores only) | Up to INR 25,00,00,000 (Twenty-Five Crores only) |
| Number of Debentures | 800 debentures, each with a nominal value of INR 5,00,000. | 2,500 debentures, each with a nominal value of INR 1,00,000. |
| Tenure | 36 Months | 36 Months |
| Coupon/Interest Rate | 1% of the Investment Amount payable once prior to the disbursement of Tranche I. | An upfront interest payment of 1.25% of the tranche drawdown amount is payable by the issuer at the commencement of the facility. Running Coupon of 13.88% payable monthly on a running basis. |
| Security | First ranking pari passu charge over all existing and future fixed and current assets, cashflows, and other assets. Security cover is set at 1.5x. | A second-ranking floating charge over all present and future receivables, current and fixed assets. Also includes a first-ranking pledge over 100% of the shares of OnMobile Singapore PTE. LTD. |
The Board also addressed the re-appointment of Radhika Venugopal as Director/Whole-time Director & CFO. The appointment was made based on the recommendation of the Nomination and Compensation Committee.
Radhika Venugopal, who has been an integral part of OnMobile Global Limited for over a decade, has been appointed for a further period of three years, effective from March 27, 2027 to March 26, 2030. She possesses nearly twenty years of experience in global finance across various domains.
A qualified Chartered Accountant, Radhika's expertise spans Financial Planning Analysis & Reporting, Controllership, Statutory Reporting, Deal structuring and pricing, Taxation, Treasury, Mergers & Acquisitions, and Investor Relations. Prior to joining OnMobile Global Limited, she held positions at Vodafone and IFB Industries Ltd. The company reported no relationships between directors.
ONMOBILE Stock Price Movement
OnMobile Global Limited rallied today as its shares settled at ₹55.99, climbing 7.22% in post-market trading. The stock traded within a range between ₹52.51 and ₹56.90, with a volume of 999,664 shares recorded during the session.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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