Quint Digital Ltd Allots 5,000 Secured Non-Convertible Debentures Valued at Rs 50 Crore
Quint Digital Ltd has announced the successful allotment of 5,000 unrated and unsecured Non-Convertible Debentures (NCDs). This transaction aggregates to a total value of Rupees Fifty Crore only. The decision regarding the allotment was approved by the Board of Directors on July 22, 2026.The NCDs, each having a face value of INR 1,00,000/-, were allotted through a private placement to eligible investors. This issuance represents a segment of a larger approval previously granted by the Board of Directors, which had sanctioned up to 10,000 NCDs amounting to Rs 100 Crore in one or more tranches, with the initial approval date being May 22, 2026.
The newly issued debt instruments are secured and redeemable. The allotment is set for July 22, 2026, with a maturity date of November 15, 2028. These NCDs carry an interest rate of 13.77% per annum, which will be paid on a quarterly basis.
The secured status of the debentures is established by a security interest created over all the Issuer’s Hypothecated Assets, both present and future. Furthermore, a corporate guarantee from Quint Digital Ltd has been provided to the Debenture Trustee as additional security.
Key details of the NCD allotment are summarized below:
| Particular | Details |
|---|---|
| Type of Security | Unrated, unlisted, secured, redeemable Non-Convertible Debentures (NCDs) |
| Issue Type | Private placement to eligible investors |
| Total Issue Size | 5,000 NCDs aggregating INR 50 Crores |
| Date of Allotment | July 22, 2026 |
| Date of Maturity | November 15, 2028 |
| Coupon Rate | 13.77% per annum (payable quarterly) |
| Security Coverage | Secured by a security interest over all Hypothecated Assets and corporate guarantee from the Issuer. |
QUINT Stock Price Movement
Shares of Quint Digital Limited slipped by 0.10% today, closing at ₹38.16 in post-market trading. The stock moved with a volume of 72 shares 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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