Satin Creditcare Network Approves Up To INR 5,000 Crore NCD Issuance and Re-appoints Chief Compliance Officer
Satin Creditcare Network Ltd., in a decision made by its Board of Directors on June 23, 2026, announced the approval of several key corporate initiatives, including plans to raise funds through Non-Convertible Debentures (NCDs) and the re-appointment of Mr. Vikas Gupta as Chief Compliance Officer.The company approved a proposal for raising up to INR 5,000 Crore through the issuance of NCDs. This fundraising effort will be carried out in one or more tranches via private placement. The funds can be raised within a period of one year following shareholder approval at the ensuing Annual General Meeting (AGM).
Details regarding the proposed NCD issuance are provided below:
| Feature | Details |
|---|---|
| Size of Issue | Up to INR 5,000 Crore in one or more tranches |
| Issuance Method | Private placement on a tranche basis |
| Tenure/Terms | To be determined by the Committee for each Tranche at the time of finalization |
In addition to the fundraising initiative, the Board approved the re-appointment of Mr. Vikas Gupta as Chief Compliance Officer (CCO). The new term commences from July 11, 2026, and extends for three years, concluding on July 10, 2029.
Mr. Gupta’s profile includes more than 18 years of experience as a Company Secretary. He is an Associate Member of the Institute of Company Secretaries of India and has held senior positions in secretarial and compliance functions, including at Hero Group. Prior to joining Satin Creditcare Network Limited in September 2022, he worked with brands such as Havells India Limited.
Key details concerning Mr. Gupta’s appointment are summarized in the table below:
| Detail | Information |
|---|---|
| Re-appointment Effective Date | July 11, 2026 |
| Term of Appointment | Three years (until July 10, 2029) |
| Profile Highlights | Over 18 years experience in secretarial and compliance functions. Associated with Satin Creditcare Network Limited since September 2022. |
The company also announced that its 36th AGM is scheduled to take place on Friday, August 7, 2026, which will be held via Video Conferencing or Other Audio-Visual Means (OAVM).
SATIN Stock Price Movement
Satin Creditcare Network Limited shares today slipped by 1.74% to close at ₹232.60, reflecting the pressure on the stock. The equity traded with a volume of 234,827 shares throughout the day.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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