QGO Finance Ltd Board Approves Issuance of Secured and Unsecured Non-Convertible Debentures
QGO Finance Ltd announced that its Board of Directors approved two separate proposals for raising funds through the issuance of Non-Convertible Debentures (NCDs) on a private placement basis. The approvals cover both secured and unsecured NCD tranches, intended to augment the company's capital structure.The board meeting, held on June 24, 2026, sanctioned the raising of funds via two instruments designed for different tenure periods and risk profiles. Both issuances are scheduled to be conducted through private placement to eligible investors.
Secured NCD Issuance Details
QGO Finance Ltd approved the issuance of Secured, Unlisted, Redeemable Non-Convertible Debentures (NCDs). This tranche is intended to raise a total of Rs. 2,00,00,000. The issue will comprise 400 NCDs, each valued at Rs. 50,000.The Secured NCDs carry a fixed coupon rate of 12% per annum, payable on a monthly basis. These debentures are secured by a first pari passu charge created over the identified receivables of the company. The tenure for this instrument is set at 84 months. Redemption details will be intimated at the time of allotment.
Unsecured NCD Issuance Details
In addition to the secured tranche, the company approved the issuance of unsecured Non-Convertible Debentures (NCDs). This initiative targets a total collection amount of Rs. 2,00,00,000, involving 200 NCDs, each valued at Rs. 1,00,000.Like the secured tranche, the Unsecured NCDs offer a fixed interest rate of 12% p.a., paid monthly. These debentures are not secured against company assets but provide a longer tenure, set at nine years. Redemption instructions for this instrument will also be communicated during the allotment process.
Key details regarding both planned NCD issuances are summarized below:
| Feature | Secured NCDs (Tranche - V) | Unsecured NCDs |
|---|---|---|
| Total Amount | Rs. 2,00,00,000 | Rs. 2,00,00,000 |
| Number of NCDs | 400 (of Rs. 50,000 each) | 200 (of Rs. 1,00,000 each) |
| Tenure | 84 months | 9 years |
| Coupon Rate | 12% p.a. (Fixed, monthly basis) | 12% p.a. (Fixed, monthly basis) |
| Security Status | Secured by a first pari passu charge on identified receivables. | Unsecured |
| Issuance Type | Private Placement | Private Placement |
Stock Price Movement
As of 11:57, shares of QGO Finance Ltd are ticking up by 2.92%, trading at ₹43.99. The stock has moved within a tight intraday range, achieving a low of ₹43.00 and topping out at ₹44.00 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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