Moneyboxx Finance has scheduled its 32nd Annual General Meeting for September 29, 2026. The meeting will convene via video conference at 12:30 pm to address key corporate governance and funding matters.

Shareholders will vote on several special resolutions during the event. The primary agenda involves seeking approval for the issuance of non-convertible debentures (NCDs) on a private placement basis. The company proposes raising up to ₹1,200 crore through this instrument over the next year.

Funding and Related Party Transactions

The proposed NCD issuance aims to support the expansion of the lending portfolio and refinancing of existing debt. Alongside this, shareholders will approve material related-party transactions involving Moneyboxx Capital Private Limited (MCPL).

MCPL, the corporate promoter holding a 38.41% stake in Moneyboxx Finance, will provide corporate guarantees for credit limits obtained by the company. The aggregate amount for these guarantees is capped at ₹2,000 crore. This arrangement is intended to facilitate financing at a lower overall cost compared to third-party guarantees.

Board Appointments

The AGM will also see the re-appointment of Mr. Deepak Aggarwal as Co-CEO, CFO, and Whole-time Director. His tenure will extend for five years, from September 15, 2026, to September 14, 2031. Mr. Aggarwal’s gross pay is fixed at ₹20 lakh per month, subject to potential increments and annual bonuses as recommended by the Nomination and Remuneration Committee.

Additionally, Mr. Atul Garg, a Non-Executive Director, retires by rotation and offers himself for re-appointment. He attended five out of six board meetings held during FY26, maintaining an attendance rate of 83.33%.

What the Numbers Show

The push for ₹1,200 crore in new debt capacity coincides with the company's strategic pivot toward secured lending. As of March 2026, secured loans constituted 68% of the Assets Under Management (AUM), a significant increase from 45% in the previous year. This shift suggests that the fresh capital raised via NCDs is likely being deployed to fund higher-ticket, collateral-backed loans rather than unsecured microfinance products, aligning with the company's stated goal of improving portfolio quality and reducing credit risk.

Moneyboxx Finance launched SmartBiz Loan, an unsecured digital lending product, in partnership with Trusave Fintech (Bachatt) on August 31, 2026.

Partnership overview

The collaboration brings together a digital lending solution under the SmartBiz Loan brand. The platform is designed to serve small businesses seeking access to formal credit channels. Moneyboxx remains the lender, independently evaluating and underwriting all loan applications in accordance with its credit policies and regulatory requirements. Bachatt acts as a Lending Service Provider (LSP), leveraging API-based integrations for customer acquisition, digital onboarding, operations, and servicing.

Focus on small business credit

The SmartBiz Loan platform addresses credit accessibility for small businesses, a segment that has historically faced challenges in obtaining formal financing. The digital nature of the platform is positioned to streamline the lending process for this segment. It caters to the domestic market.

Strategic details

Moneyboxx Finance Limited announced the strategic partnership with Trusave Fintech Private Limited, known as Bachatt, on September 1, 2026. Bachatt will act as a Lending Service Provider (LSP), leveraging API-based integrations for customer acquisition, digital onboarding, operations, and servicing. Moneyboxx remains the lender, independently evaluating and underwriting all loan applications in accordance with its credit policies and regulatory requirements.

Bachatt is backed by investors including Accel, Lightspeed, and Info Edge Ventures. The partnership combines Bachatt's technology and digital distribution capabilities with Moneyboxx's credit underwriting and lending expertise.

Operational targets

The platform aims to expand reach to nano and micro enterprises and self-employed individuals seeking smaller-ticket business loans. Key operational targets include:

• Approval turnaround time of under 5 minutes, subject to applicable credit processes.
• Addressing short-term and seasonal working-capital requirements, including inventory purchases and festive demand.
• Improving the economics and scalability of small-ticket lending through digital sourcing and servicing.

Growth strategy

The launch marks the beginning of Moneyboxx's digital lending journey, complementing its established branch-led model. The company operates over 140 branches across 12 states, including Rajasthan, Madhya Pradesh, Haryana, Punjab, Uttar Pradesh, Chhattisgarh, Bihar, Gujarat, Telangana, Andhra Pradesh, Karnataka, and Tamil Nadu. It provides secured and unsecured business loans ranging from ₹ 1 to ₹ 25 Lakh to underserved entrepreneurs in segments such as livestock, kirana, retail traders, and micro manufacturers.