Board Meeting30 Oct 2026, 11:23 am
QGO Finance Board Approves NCD Lock-in Revision & Fund Raise
AI Summary
QGO Finance Limited's Board of Directors met on October 30, 2026. Key decisions included revising the lock-in end dates for existing Unsecured, Unlisted Non-Convertible Debentures (NCDs) from October 23, 2028, and November 07, 2028, to October 30, 2026. The Board also approved a proposal to raise funds by issuing Unsecured, Unlisted, Redeemable Non-Convertible Debentures on a private placement basis, amounting to ₹11,00,00,000 (₹11 Crores). Additionally, Mr. Vijaykumar Agarwal was proposed for appointment as a Non-Executive, Non-Independent Director, subject to RBI and shareholder approval. The company also announced the revision of lock-in end dates for two tranches of NCDs.
Key Highlights
- Board approved revision of NCD lock-in end dates to October 30, 2026.
- Approved fund raising via issuance of NCDs worth ₹11 Crores.
- Proposed appointment of Mr. Vijaykumar Agarwal as Non-Executive Director.
- Appointment is subject to RBI and shareholder approvals.
Price Impact
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