Loan & Debt11 May 2026, 03:49 pm
F Mec Allots ₹5 Cr Secured NCDs
AI Summary
F Mec International Financial Services Ltd has allotted 5,00,000 Secured, Unrated, Unlisted, Redeemable, Non-Convertible Debentures (NCDs) aggregating to ₹5 Crores on a private placement basis. The NCDs have a face value of ₹100 each. The allotment occurred on May 11, 2026, following a Board of Directors meeting. The NCDs have a tenure of 18 months, maturing on November 10, 2027, and offer a coupon rate of 16% p.a., payable quarterly.
Key Highlights
- F Mec allots ₹5 Cr of secured, unrated, unlisted NCDs.
- NCDs have a face value of ₹100 each and a 16% coupon rate.
- Tenure of the NCDs is 18 months, maturing on Nov 10, 2027.
- NCDs are secured by hypothecation on the company's assets.
- Additional 2% interest p.a. payable in case of default.
Price Impact
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