Avonmore Capital approves ₹60 crore NCD issuance via private placement
- Avonmore Capital secures in-principle board approval for ₹60 crore NCD issuance
- Debt instruments will be unlisted, secured, and redeemable
- Funds raised through private placement to eligible investors
- AGM scheduled for September 30, 2026
- FY25 Directors’ Report and Notice approved by the Board
*this image is generated using AI for illustrative purposes only.
Avonmore Capital & Management Services has received in-principle approval from its Board of Directors to raise up to ₹60 crore through the issuance of Non-Convertible Debentures (NCDs). The funds will be raised via a private placement route to eligible investors.
The Board meeting, held on September 1, 2026, also approved the Notice and Directors’ Report for the financial year ended March 31, 2026. Additionally, the company fixed Wednesday, September 30, 2026, as the date for its Annual General Meeting (AGM).
Key Details of the NCD Issuance
The Board has delegated authority to the Committee of Further Issue of Securities to finalize terms and conditions within the approved limit. Key parameters disclosed under Regulation 30 of the SEBI Listing Regulations include:
| Parameter | Detail |
|---|---|
| Instrument Type | Unlisted, secured, redeemable Non-Convertible Debentures |
| Issue Size | Up to ₹60 crore |
| Issuance Method | Private placement to eligible investors |
| Listing Status | Not proposed for listing |
| Tenure & Coupon | To be specified in the key information document |
The meeting commenced at 12:30 pm and concluded at 1:25 pm. Sonal, Company Secretary & Compliance Officer, issued the disclosure on September 1, 2026.
Historical Stock Returns for Avonmore Capital & Management Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.61% | -0.15% | -6.55% | +18.09% | -30.53% | +89.08% |
How will the ₹60 crore NCD issuance impact Avonmore Capital's debt-to-equity ratio and overall leverage profile?
What specific strategic initiatives or operational expansions is the company planning to fund with these proceeds?
Given that the debentures are unlisted and secured, what collateral assets will back this issuance and how does it affect investor risk?
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