Real Touch Finance Limited Approves NCD Issuance and Loan Write-Off
Real Touch Finance Limited announced on March 20, 2026, that its Board of Directors approved the issuance of unlisted, secured, 9.5% Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The total size of the issue is ₹256 million. The debentures have a tenure of 3 years from the date of allotment and will pay interest annually on or before April 10th, with a final payment on the redemption date. The NCDs are secured by a hypothecation of book debts to maintain a security cover of at least 110%.The Board also approved a write-off of outstanding receivables totaling ₹348 million, deemed irrecoverable following evaluation and assessment by management and the Audit Committee. This write-off represents approximately 12.05% of the company's total turnover based on the last audited financials. The company stated that the write-off is a one-time adjustment and is not expected to have a material adverse impact on its capital adequacy or ongoing operations.
Details of the NCD Issuance
| Detail | Particular |
|---|---|
| Type of Instrument | Unrated, Unlisted, Secured Redeemable, Non-Convertible Debentures (NCD) |
| Size of the Issue | ₹256 million |
| Listed? | No |
| Tenure | 3 years from the date of allotment |
| Coupon/Interest | 9.50% per annum (Fixed) |
| Payment Schedule | Annual. Payable on or before 10th April of each year, and on the Redemption Date |
| Security | By way of hypothecation of book debts to maintain a security cover of at least 110% |
Details of the Loan Write-Off
| Detail | Particular |
|---|---|
| Nature of Event | Write-off of certain loan assets / receivables |
| Date of Board Approval | 20th March 2026 |
| Amount Involved | ₹348 million |
| Reason | Identified as non-performing and deemed irrecoverable |
| Impact | One-time adjustment; not expected to have a material adverse impact |
| Materiality | Approximately 12.05% of total turnover |
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