QGO Finance Ltd. Allots Non-Convertible Debentures
QGO Finance Ltd. announced on March 26, 2026, that its Board of Directors approved the allotment of 260 Transferable Secured Non-Convertible Debentures (NCDs) of Rs. 50,000 each, aggregating to Rs. 1,30,00,000. The NCDs were issued to eligible investors on a private placement basis.The debentures, designated as Tranche-4, carry a coupon rate of 12% per annum, payable monthly. They have a tenure of 84 months, with an allotment date of March 26, 2026, and a maturity date of March 25, 2033.
The NCDs are secured by a first ranking pari-passu charge over the receivables of the company, maintained at 100% of the outstanding NCDs (including interest). The total size of the issue is Rs. 2,00,00,000, with Rs. 1,30,00,000 allotted in this tranche. The debentures are not listed on any stock exchange.
Details of Allotted Non-Convertible Debentures (NCDs) (Tranche-4)
| Particulars | Details |
|---|---|
| Type of securities proposed to be issued | Secured, Unlisted, Redeemable Non-Convertible Debentures (NCDs) |
| Type of issuance | Issued to eligible investors on a Private Placement basis |
| Total number of securities allotted | 260 |
| Size of the Issue (Total) | Rs. 2,00,00,000 |
| Size of the Allotment (Total) | Rs. 1,30,00,000 |
| Tenure of the instrument - date of allotment and date of maturity | Tenure - 84 months; Date of allotment - 26.03.2026; Date of Maturity - 25.03.2033 |
| Coupon/interest offered, schedule of payment of coupon/interest and principal | 12% per annum payable monthly |
| Charge/security, if any, created over the assets | First ranking pari-passu charge over receivables |
| No. of securities allotted (Tranche-4 Allotment) No of Securities pending allotment | 260 - |
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