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Board Meeting24 Jun 2026, 09:00 pm

OnMobile Global Board Approves Debenture Issuance & Director Re-appointment

AI Summary

OnMobile Global Limited's Board of Directors, in a meeting held on June 24, 2026, approved the issuance of secured, redeemable, unrated, and unlisted Non-Convertible Debentures (NCDs) on a private placement basis. The issuance aims to raise up to ₹75 crore from one investor and up to ₹25 crore from another, with a tenure of 36 months. The board also re-appointed Radhika Venugopal as Whole-time Director & CFO for a further three years, effective March 27, 2027, subject to shareholder approval. The meeting was conducted via Zoom video conference.

Key Highlights

  • Board approved issuance of NCDs via private placement.
  • Total issuance size up to ₹100 crore across two tranches.
  • Re-appointed Radhika Venugopal as Whole-time Director & CFO.
  • Re-appointment is for three years, subject to shareholder nod.
  • Debentures have a 36-month tenure with specific interest terms.