IBL Finance's Board of Directors approved the proposal to list the company's outstanding unlisted Non-Convertible Debentures (NCDs) during a meeting held on July 3, 2026. The listing is subject to the approval of shareholders and the successful listing of a proposed public issue of NCDs. This move aims to enhance liquidity and align with regulatory compliance for the company's debt instruments.

The Board considered and approved the Draft Directors' Report for the financial year 2025-26, along with its annexures and other reports to be included in the Annual Report 2025-26. Additionally, the Board approved the appointment of National Securities Depository Limited (NSDL) as the Remote E-Voting Agency for the upcoming Annual General Meeting (AGM).

The 9th Annual General Meeting of the company has been scheduled for July 31, 2026, at 4.00 P.M. IST via Video Conferencing (VC) and Other Audio-Visual Means (OAVM). The meeting will be conducted in compliance with the applicable circulars of the Ministry of Corporate Affairs (MCA) and SEBI. CS Praful N. Vekariya has been appointed as the Scrutinizer to oversee the e-voting process.

To determine shareholder eligibility for voting and dividends, the Register of Members and Share Transfer Books will be closed from July 25, 2026, to July 31, 2026. Members whose names appear in the records as of the cut-off date, July 24, 2026, will be entitled to participate in the remote e-voting and e-voting system on the AGM date.

The Notice of the 9th AGM and the Annual Report for FY26 will be submitted to the exchange and dispatched to shareholders via email shortly. The meeting outcomes were communicated to the National Stock Exchange of India Limited by Dilipbhai Chauhan, Company Secretary and Compliance Officer.

Key Board Decisions

IBL Finance has allotted 33 unlisted, secured, redeemable Non-Convertible Debentures (NCDs) aggregating ₹33 lakh to raise funds via private placement. The NCDs carry a fixed coupon rate of 13% per annum, with interest payable monthly. The instruments have a tenure of 838 days, maturing on October 9, 2028.

The Finance Committee approved the allotment on June 24, 2026, following authorization from the Board of Directors on July 16, 2025, and a subsequent shareholder approval on August 22, 2025. The debentures are secured by a charge on the company's receivables and book debts, with a minimum security coverage of 1.05 times the loan amount.

In the event of a default in interest or principal repayment, the company will pay an additional interest penalty of at least 1% per annum over the coupon rate for the defaulting period. A similar penalty applies if the company fails to execute the trust deed within the period specified in the Companies Act.

Key Details of the Allotment

The disclosure was made to the National Stock Exchange of India Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.