StockWatch
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Electronic Media
Loan & Debt22 Jul 2026, 03:28 pm

Quint Digital Allots ₹50 Cr Unrated NCDs

AI Summary

Quint Digital Ltd has announced the allotment of 5,000 unrated, unlisted, secured, redeemable Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹50 crore. The allotment was approved by the Board of Directors on July 22, 2026. These NCDs carry an interest rate of 13.77% per annum, payable quarterly, and have a maturity date of November 15, 2028. The NCDs are secured by a security interest over the Issuer's hypothecated assets and a corporate guarantee, with additional security measures in place. This private placement issuance is part of a larger approved limit of up to ₹100 crore.

Key Highlights

  • Quint Digital allotted ₹50 crore in Non-Convertible Debentures.
  • NCDs are unrated, unlisted, secured, and redeemable.
  • Interest rate is 13.77% per annum, payable quarterly.
  • Maturity date is November 15, 2028.
  • NCDs are secured by company assets and corporate guarantee.