Board Meeting9 Oct 2026, 02:59 pm
Transwarranty Finance to Issue ₹10 Cr Unlisted NCDs
AI Summary
Transwarranty Finance Limited announced the approval of issuing Unlisted Non-Convertible Debentures (NCDs) on a private placement basis. The board meeting, held on October 09, 2026, approved the issuance of up to ₹10,00,00,000/- (Rupees Ten Crores Only) comprising 500 Secured NCDs of Type A and up to 50 Unsecured NCDs of Type B. The NCDs will have tenures ranging from 13 months to 5 years with fixed coupon rates between 11.25% and 15.00% per annum. Secured NCDs will be backed by a pari-passu charge on certain current assets.
Key Highlights
- Board approved issuance of Unlisted Non-Convertible Debentures (NCDs).
- Total issue size is up to ₹10 Crores on private placement basis.
- NCDs include secured and unsecured options with varying tenures.
- Coupon rates range from 11.25% to 15.00% per annum.
- Secured NCDs will be backed by a charge on current assets.
Price Impact
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