StockWatch
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Non Banking Financial Company (NBFC)
Loan & Debt14 Jul 2026, 06:00 pm

QGO Finance Allots ₹1 Cr in Non-Convertible Debentures

AI Summary

QGO Finance Ltd has announced the allotment of 100 Transferable Unsecured Non-Convertible Debentures (NCDs) with a face value of Rs. 1,00,000 each, totaling Rs. 1,00,00,000 (Rupees One Crore). The resolution for this allotment was passed by circulation on July 14, 2026. These NCDs are unsecured, unlisted, and redeemable with a tenure of 9 years, maturing on July 13, 2035. The interest rate is 12% per annum, payable monthly. The issuance was made on a private placement basis to eligible investors and is not proposed to be listed on any stock exchange. This action falls under the company's debt financing activities.

Key Highlights

  • QGO Finance allots 100 NCDs worth ₹1 Crore.
  • NCDs have a 9-year tenure with 12% annual interest.
  • Issuance is private placement, not for stock exchange listing.
  • Funds raised through unsecured debt instruments.