QGO Finance Ltd Approves Issuance of Non-Convertible Debentures in Private Placement
QGO Finance Limited announced that its Board of Directors approved the issuance of Unsecured, Unlisted, Redeemable Non-Convertible Debentures (NCDs) on a private placement basis during a meeting held on July 13, 2026. The issuance involves 600 NCDs, each valued at Rs 1,00,000, aggregating to a total amount of Rs 6,00,00,000 (Rupees Six Crores Only).The issuance is structured as a private placement and the securities will not be listed. The purpose of the NCDs is detailed in the company's disclosure, which outlines the terms and tenure of the financial instrument.
Key details regarding the Unsecured, Unlisted, Redeemable Non-Convertible Debentures (NCDs) are presented below:
| Particulars | Details |
|---|---|
| Type of Securities | Unsecured, Unlisted, Redeemable Non-Convertible Debentures (NCDs) |
| Issuance Method | Private Placement basis to eligible investors |
| Total Issue Size | 600 NCDs of Rs 1,00,000 each, totaling Rs 6,00,00,000/- |
| Issue Size (Overall) | 600 NCDs aggregating to Rs 6,00,00,000/- |
| Tenure of Instrument | 9 years |
| Coupon/Interest Rate | 12% p.a. on monthly basis (Fixed Rate) |
| Security or Charge | Not applicable, as they are unsecured Non-Convertible Debentures |
The NCDs carry a fixed interest rate of 12% per annum and will be redeemed at the end of a nine-year tenure. The company also confirmed that no special rights, interests, or privileges are attached to these instruments.
Regarding redemption, the details were provided stating that the maturity will be intimated during the allotment process. Since the debentures are unsecured, there is no charge created over the assets.
Stock Price Movement
As of 11:00, QGO Finance Ltd shares are ticking up by 6.25%, currently trading at ₹44.56. The stock has seen movement today between a low of ₹44.56 and an intraday high of ₹46.99.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.