
Loan & Debt10 Jul 2026, 02:23 pm
QGO Finance Allots ₹2 Cr in Secured NCDs (Tranche-5)
AI Summary
QGO Finance Ltd has announced the allotment of 400 Transferable Secured Non-Convertible Debentures (NCDs) under Tranche-5. The NCDs, each valued at Rs. 50,000, aggregate to Rs. 2 Crores. The issuance was approved by a resolution passed by circulation on July 10, 2026. These NCDs have a tenure of 84 months, with a maturity date of July 9, 2033. They carry an annual interest rate of 12%, payable monthly. The NCDs are secured by a first-ranking pari-passu charge over the company's receivables, maintained at 100% of the outstanding NCD value. The issuance is on a private placement basis and is not proposed to be listed on any stock exchange.
Key Highlights
- Allotment of 400 Secured NCDs (Tranche-5) for ₹2 Crores.
- NCDs have an 84-month tenure with 12% annual interest.
- Secured by a first-ranking charge over company receivables.
- Issued via private placement, not for stock exchange listing.
Price Impact
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