StockWatch
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Non Banking Financial Company (NBFC)
Loan & Debt24 Jun 2026, 11:44 am

QGO Finance Approves NCD Issuance for ₹2 Cr Secured, ₹2 Cr Unsecured

AI Summary

QGO Finance Limited's Board of Directors, in a meeting held on June 24, 2026, approved the issuance of Non-Convertible Debentures (NCDs) to raise funds. The company will issue Secured, Unlisted, Redeemable NCDs worth ₹2 Crore and Unsecured, Unlisted, Redeemable NCDs worth ₹2 Crore, both on a private placement basis. The secured NCDs will carry a 12% per annum interest rate, payable monthly, and are secured by a first pari passu charge on identified receivables. The tenure for these NCDs is 84 months. Further details for both issuances are provided in Annexures A and B.

Key Highlights

  • Board approved issuance of Secured NCDs worth ₹2 Crore.
  • Board approved issuance of Unsecured NCDs worth ₹2 Crore.
  • Both NCD issuances are on a private placement basis.
  • Secured NCDs offer 12% annual interest, secured by receivables.
  • NCDs have a tenure of 84 months.