QGO Finance Ltd Allots 400 Secured Non-Convertible Debentures worth Rs 2 Crore
QGO Finance Ltd has announced the allotment of Transferable Secured Non-Convertible Debentures (NCDs) as part of a private placement. The company allotted 400 NCDs, aggregating to a total issue size of Rs 2,00,00,000/- (Rupees Two Crores Only).The issuance was completed on July 10, 2026. These unsecured debentures are intended for eligible investors and are not proposed for listing on any stock exchange.
NCD Details and Terms
The newly issued securities are defined as Secured, Unlisted, Redeemable Non-Convertible Debentures (NCDs). The total allotment size matched the issue size, both standing at Rs 2,00,00,000/-.Key financial and operational terms attached to the debenture instruments include:
| Particulars | Details |
|---|---|
| Type of securities | Secured, Unlisted, Redeemable Non-Convertible Debentures (NCDs) |
| Issuance type | Issued to eligible investors on a Private Placement basis |
| Total number allotted | 400 |
| Tenure of the instrument | Eighty-Four months |
| Date of allotment | 10.07.2026 |
| Date of Maturity | 09.07.2033 |
| Coupon/Interest offered | 12% per annum, payable monthly |
| Charge created over assets | First ranking pari-passu charge over the receivables of the Company, maintained at 100% of outstanding NCDs (including interest) |
Tenure and Redemption Schedule
The debentures are scheduled to mature on July 9, 2033. The redemption details confirm that the maturity date for these instruments is zero nine dot zero seven dot zero three three. No securities were pending allotment, as all 400 units were issued in this tranche.Stock Price Movement
At 14:24, QGO Finance Ltd is slipping to ₹41.34, marking a decline of 2.73% for the shares today. The stock has traded within an intraday range, having moved between a low of ₹40.42 and a high of ₹42.50.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.