Moneyboxx Finance has raised ₹84 crore in fresh debt, adding Bandhan Bank as a new lender to its borrowing portfolio. The company also received ₹144 crore of debt funding in September, with all of it fully drawn.

Debt funding details

The ₹84 crore fresh debt comprises ₹35 crore from existing lender Indian Overseas Bank, ₹20 crore from Bandhan Bank, and ₹29 crore from two NBFC lenders. This follows a ₹60 crore NCD issuance subscribed by Choice Finserv, Vakrangee and Vivriti Capital earlier in the month.

The addition of Bandhan Bank marks an expansion of Moneyboxx Finance's lender base. The funding comes from a public-sector bank, a private bank, NBFCs and capital-market investors, reflecting the growing depth and diversification of the Company's funding base.

Strategic context and execution focus

The funding supports Moneyboxx's preparation for a significant step-up in disbursements. Over the past year, the Company has strengthened its portfolio through a growing secured MSME book, larger average ticket sizes, risk-sharing arrangements with partners and an improved borrower credit profile.

Alongside its branch network, Moneyboxx is scaling partnership-led origination through Loom Solar (rooftop solar finance), Akshayakalpa (dairy and livestock finance) and Bachatt (digital lending). Deepak Aggarwal, Co-Founder and Co-CEO, stated that lenders are responding to a fundamentally stronger portfolio built on a solid secured MSME foundation.

What the numbers show

The composition of the ₹84 crore raise highlights a diversified capital strategy. By combining bank loans (₹55 crore from IOB and Bandhan Bank) with NBFC funds (₹29 crore), the company reduces dependency on any single lender category. When viewed alongside the ₹60 crore NCD issuance, the total ₹144 crore September inflow demonstrates access to both institutional debt markets and traditional banking channels, supporting the company's shift toward scaling disbursements across secured MSME, rooftop solar, livestock and digital lending segments.

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.