QGO Finance Ltd Declares Interim Dividend and Approves Rs 7 Crore NCD Issue
QGO Finance Limited announced several key outcomes following its Board meeting held on August 10, 2026. The company declared a first interim dividend for the financial year 2026-27, approved funding through the issuance of Unsecured Non-Convertible Debentures (NCDs), and set the date for its upcoming Annual General Meeting (AGM).The Board reviewed and endorsed the unaudited financial results for the quarter ending June 30, 2026. In a separate decision, the company declared the First Interim Dividend for Financial Year 2026-27 at Rs. 0.15 (or 1.5%) per Equity Share. The dividend is subject to TDS deduction and will be paid within 30 days of its declaration. The Record Date for determining eligible shareholders was set as August 21, 2026, based on the face value of the paid-up equity shares being Rs. 10/each.
Fundraising Through NCD Issuance
The Board meeting also approved a proposal to raise capital by issuing Unsecured, Unlisted, Redeemable Non-Convertible Debentures (NCDs) through a private placement basis. The total amount for which the securities will be issued is Rs. 7,00,00,000 (Rupees Seven Crores Only), comprising 700 NCDs of Rs. 1,00,000 each.These instruments are structured with a tenure of nine years and carry a fixed interest rate of 12% per annum, payable on a monthly basis. The debentures are unsecured and will be redeemed at the end of the nine-year term.
Key details regarding the NCD issuance are presented below:
| Particulars | Details |
|---|---|
| Type of Securities | Unsecured, Unlisted, Redeemable Non-Convertible Debentures (NCDs) |
| Type of Issuance | Private Placement basis |
| Total Issue Amount | Rs. 7,00,00,000 |
| Number of NCDs | 700 |
| Tenure of Instrument | 9 years |
| Coupon/Interest Offered | 12% p.a. (Fixed Rate) |
| Charge/Security Created | Not applicable |
Annual General Meeting and Corporate Governance
The Board meeting approved the notice for convening the 33rd Annual General Meeting (AGM). The AGM is scheduled to be held on Friday, September 11, 2026, at 12:15 P.M., with attendance available via Video Conferencing (VC) or other Audio-Visual Means (OAVM).The Board also set the cut-off date for determining members entitled to receive the notice of the AGM as August 14, 2026.
Stock Price Movement
As of 12:55, QGO Finance Ltd shares are testing weakness, currently trading at ₹40.31, which represents a 1.71% dip. The stock has experienced an active day, moving within a wide range after hitting an intraday high of ₹43.05 and dipping down to ₹40.22.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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