Board Meeting17 Sept 2026, 12:23 pm
Supra Pacific Financial Services Ltd Approves NCD Issue
AI Summary
Supra Pacific Financial Services Ltd announced the outcome of its Board of Directors meeting held on September 17, 2026. The board approved the issuance of secured, unrated, unlisted Non-Convertible Debentures (NCDs) on a private placement basis. The issue size is ₹50 crore, with each NCD having a minimum subscription of ₹1 crore. The NCDs will have a tenure of 2 years, with an interest rate of 12.00% payable monthly. The principal will be repaid at maturity. Security is created on the company's current assets. The board also reviewed business operations and prospects.
Key Highlights
- Board approved issuance of ₹50 crore NCDs.
- NCDs to be issued on private placement basis.
- Interest rate set at 12.00% payable monthly.
- Tenure of NCDs is 2 years.
- Security created on current assets of the company.
Price Impact
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