Real Touch Finance Ltd Approves ₹2.56 Crore NCD Issue & Writes Off ₹3.48 Crore Receivables

Real Touch Finance Ltd has approved the issuance of ₹2.56 crore worth of unlisted, secured, 9.5% redeemable non-convertible debentures (NCDs) on a private placement basis. The company also approved the write-off of ₹3.48 crore worth of irrecoverable receivables. The NCDs will have a tenure of 3 years with a fixed coupon rate of 9.50% per annum, payable annually. The write-off represents approximately 12.05% of the company's total turnover of ₹28.89 crores. The company will continue to pursue recovery efforts for the written-off receivables where feasible.