StockWatch
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Non Banking Financial Company (NBFC)
Loan & Debt30 Oct 2026, 07:31 am

QGO Finance Allots ₹1 Cr Unsecured NCDs

AI Summary

QGO Finance Ltd has announced the allotment of 100 Transferable, Unsecured, Unlisted, Redeemable Non-Convertible Debentures (NCDs) with a face value of Rs. 1,00,000/- each, aggregating to Rs. 1,00,00,000/- (Rupees One Crore Only). The resolution for this allotment was passed by circulation on October 30, 2026. These NCDs have a tenure of 9 years, with a maturity date of October 29, 2035. The coupon rate offered is 12% per annum, payable monthly. The issuance is on a private placement basis and the securities are not proposed to be listed on any stock exchange. The company has also clarified that no charge or security has been created over the assets as these are unsecured NCDs.

Key Highlights

  • Allotment of 100 unsecured, unlisted NCDs worth ₹1 Crore.
  • NCDs carry a 12% annual interest rate, payable monthly.
  • The debentures have a tenure of 9 years, maturing in Oct 2035.
  • Issuance is on a private placement basis; not listed on exchanges.
  • NCDs are unsecured, with no specific charge created over assets.