Moneyboxx Finance Limited held its 32nd Annual General Meeting (AGM) on September 29, 2026, via video conferencing. The meeting focused on key corporate actions, including the approval for issuing non-convertible debentures (NCDs) up to ₹1,200 crore through private placement.

The proceedings were conducted in compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Uma Shankar Paliwal, Chairman of the Board, chaired the meeting. A total of 52 members attended the virtual session, which commenced at 12:30 pm and concluded at 1:16 pm.

Key resolutions passed

Shareholders voted on several significant items of business outlined in the notice dated August 12, 2026. The most material financial decision was the authorization for the board to offer or invite subscription for NCDs. This special resolution allows the company to raise capital up to ₹1,200 crore via private placement, a move likely aimed at strengthening its balance sheet or funding lending operations.

Other notable resolutions included:

• Adoption of audited financial statements for FY26.
• Re-appointment of Mr. Atul Garg as Director, retiring by rotation.
• Re-appointment of Mr. Deepak Aggarwal as Co-CEO, CFO, and Whole-time Director.
• Approval of material related party transactions with Moneyboxx Capital Private Limited.

Governance and attendance

The meeting was attended by key board members, including Co-CEOs Mr. Mayur Modi and Mr. Deepak Aggarwal, Independent Directors Ms. Ratna Vishwanathan Dharashree and Mr. Shantanu Chandrakant Pendsey, and Director Mr. Atul Garg. Mr. Lalit Sharma served as the Company Secretary and Compliance Officer.

Remote e-voting facilities were provided to shareholders from September 25 to September 28, 2026. M/s Shashank Pashine & Associates was appointed as the scrutinizer for the electronic voting process. The combined e-voting results and the scrutinizer’s report will be submitted to stock exchanges separately.

What the numbers show

The approval of a ₹1,200 crore NCD issuance represents a significant capital allocation decision for an NBFC. While the source does not detail the specific use of proceeds, such large-scale debt raising typically supports asset growth or refinancing needs in the non-banking financial sector. The simultaneous re-appointment of the Co-CEO/CFO duo suggests continuity in management strategy during this period of potential balance sheet expansion.

Moneyboxx Finance Limited raised ₹60 crore through the issuance of Non-Convertible Debentures (NCDs) to strengthen its liquidity position and support growing disbursement pipelines across its diversified lending platform.

The allotment was approved by the Working Committee of the Board on September 25, 2026. The fresh capital is intended to fund growth in four key segments: secured MSME lending, livestock finance, rooftop solar finance, and digital lending.

Allotment details

The issue comprises 6,000 Senior, Secured, Listed, Rated, Transferable, and Redeemable NCDs with a face value of ₹1,00,000 each. The securities carry a coupon rate of 10.75% per annum and have a tenor of 24 months from the deemed date of allotment. Maturity is scheduled for September 25, 2028. The debentures were allocated to three institutional investors.

Utilisation and strategic focus

The proceeds will support Moneyboxx's growing disbursement pipeline. The company is scaling partnership-led origination channels alongside its established branch-led business. Key partnerships include Bachatt for digital lending, Akshayakalpa for dairy and livestock finance, and Loom Solar for rooftop solar finance. These channels provide access to new customer pools while leveraging existing underwriting and collection infrastructure.

Deepak Aggarwal, Co-Founder and Co-CEO, stated that the raise strengthens liquidity at an opportune time, positioning the company to fund the growing pipeline emerging from both its branch network and partnership-led businesses.

Security and redemption structure

The NCDs are secured by a first-ranking exclusive and continuing charge over certain identified receivables of the issuer. This security may also include fixed deposit liens or pledges on other unencumbered assets as agreed between the company and the Debenture Trustee. The instruments are rated BBB/Stable by CRISIL/India Ratings.

Principal repayment is structured in three equal tranches over the final year of the instrument's life. Interest is payable monthly on a pro-rata basis.

What the Numbers Show

The distribution of the debt capital reveals a concentrated investor base. Choice Finserv Private Limited holds 50% of the total issued volume, while Vakrangee Limited and Vivriti Capital Limited hold an equal 25% stake each. This concentration means that two-thirds of the outstanding debt is held by just two entities, creating specific counterparty exposure for the issuer regarding refinancing or secondary market liquidity.