Board Meeting20 Aug 2026, 10:30 pm
Laxmi India Finance to Raise ₹100 Cr via NCDs
AI Summary
Laxmi India Finance Ltd has announced a board meeting on August 25, 2026, to consider and approve the issuance of up to ₹100 crore in Rated, Listed, Unsubordinated, Secured, Redeemable, Non-Convertible Debentures. The issuance will be on a private placement basis, with a base issue size of ₹50 crore and an option to retain oversubscription of up to ₹50 crore. Additionally, the company has imposed a trading window closure for designated persons from August 20, 2026, until 48 hours after the board meeting, in compliance with SEBI's insider trading regulations.
Key Highlights
- Board meeting scheduled for August 25, 2026, to approve fund raising.
- Plans to issue Non-Convertible Debentures worth up to ₹100 crore.
- Fund raising via private placement of secured NCDs.
- Trading window closed from August 20, 2026, due to insider trading rules.
Price Impact
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