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 and a write-off of outstanding receivables.The Board approved the issuance of NCDs with a total size of ₹256 million. The instruments will have a tenure of 3 years from the date of allotment and will not be listed. Interest will be paid annually on or before April 10th of each year, with a final payment on the redemption date. The NCDs are secured by way of hypothecation of book debts to maintain a security cover of at least 110%.
The Board also approved the write-off of ₹348 million in outstanding receivables deemed irrecoverable after 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 write-off is not expected to have a material adverse impact on the company's capital adequacy or ongoing operations.
The Board meeting commenced at 12:30 P.M and concluded at 2:15 P.M.
Table: Details of NCD Issuance
| Details | Particular |
|---|---|
| Type of Instruments | 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), Annual payments on or before April 10th of each year, and on the Redemption Date |
| Security | Hypothecation of book debts to maintain a security cover of at least 110% |
Table: Details of Loan Write-Off
| Details | Particular |
|---|---|
| Nature of Event | Write-off of non-performing assets |
| Date of Board Approval | March 20, 2026 |
| Amount Involved | ₹348 million |
| Rationale | Loan assets were long outstanding and classified as non-performing. |
| Materiality | Approximately 12.05% of total turnover |
| Regulatory Compliance | Regulation 30 of SEBI (LODR) Regulations, 2015 |
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