Management Change4 May 2026, 06:01 pm
Supra Pacific Appoints Manoj Ravi as CEO
AI Summary
Supra Pacific Financial Services Ltd announced the appointment of Mr. Manoj Ravi as Chief Executive Officer following a Board of Directors meeting on May 4, 2026. The board also approved the issuance of secured, unrated, unlisted Non-convertible Debentures (NCDs) on a private placement basis, targeting a minimum subscription of ₹1 Cr per investor, with an issue size of ₹20,00,00,000. The NCDs will have tenures of 24, 36, 60, and 70 months with varying interest rates depending on the tenure and investor category.
Key Highlights
- Manoj Ravi appointed as Chief Executive Officer of Supra Pacific.
- Board approves issuance of NCDs worth ₹20,00,00,000 on private placement basis.
- NCD tenures range from 24 to 70 months with interest rates up to 12.60%.
- NCDs are secured, unrated, and unlisted with a minimum subscription of ₹1 Cr per investor.