Usha Financial Services Allots Rs 4.26 Crore in Secured Non-Convertible Debentures through Private Placement
Usha Financial Services Limited announced the approval and allotment of a tranche of Secured Redeemable Non-Convertible Debentures (NCDs), referred to as 'Series Q', amounting to Rs 4,26,00,000. This transaction was executed on a private placement basis.The Board of Directors of Usha Financial Services Limited approved the allotment during a meeting held on Monday, June 22, 2026. These NCDs were issued with a face value of Rs 1,00,000 each. The allocation represents part of a larger issue of Rs 7,00,00,000 approved previously by the company's board.
The Debentures are scheduled to mature over a tenure of four years, providing investors with a fixed interest rate and defined security parameters.
Key Details of the NCD Transaction
The following details outline the financial structure and terms associated with the allotment:| Feature | Detail |
|---|---|
| Security Type | Secured, Redeemable, Non-Convertible Debentures (NCDs - Series Q) |
| Issuance Method | Private Placement |
| Allotted Amount | Rs 4,26,00,000 out of a total issue size of Rs 7,00,00,000 |
| Allotment Date | June 22, 2026 |
| Maturity Date | June 21, 2030 |
| Interest Rate | Fixed at 12.00% per annum, payable monthly |
| Redemption Terms | Debentures shall be redeemed at par |
| Security Charge | Secured by a first and exclusive charge basis on identified receivables through hypothecation |
The NCDs carry fixed interest offered at 12.00% per annum and are structured for monthly payment of the coupon. Furthermore, the terms specify that the Debentures will be redeemed at par upon maturity. The entire issue is secured by a first and exclusive charge over identified receivables through hypothecation in favour of the Debenture Trustee.
Usha Financial Services Limited confirmed the successful completion of this private placement related to the NCD allotment.
USHAFIN Stock Price Movement
As of 1:39 PM, shares of Usha Financial Services Limited are slipping by 3.89% in live trading, with the equity currently priced at ₹34.60 after shedding ₹1.40 intraday. The stock has seen a volume of 35,200 shares so far today.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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