StockWatch
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Microfinance Institutions
Loan & Debt23 Jun 2026, 04:50 pm

Satin Creditcare Plans ₹5,000 Cr NCD Issuance, Reappoints CCO

AI Summary

Satin Creditcare Network Ltd announced a significant fundraising plan through the issuance of Non-Convertible Debentures (NCDs) aggregating up to ₹5,000 Crore. This issuance will be conducted in one or more tranches on a private placement basis within one year, subject to shareholder approval at the upcoming Annual General Meeting (AGM). The company also approved the re-appointment of Mr. Vikas Gupta as Chief Compliance Officer for a further term of three years, effective July 11, 2026. The 36th AGM is scheduled for August 7, 2026, to be held via Video Conferencing.

Key Highlights

  • Company plans to raise up to ₹5,000 Crore via NCD issuance.
  • Fundraising requires shareholder approval at the upcoming AGM.
  • Mr. Vikas Gupta re-appointed as Chief Compliance Officer for 3 years.
  • 36th AGM scheduled for August 7, 2026, via VC/OAVM.