Paisalo Digital redeems NCDs worth Rs 1 crore

0 min read     Updated on 26 May 2026, 05:30 AM
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AI Summary

Paisalo Digital Limited informed the stock exchanges about the partial redemption of its unsecured unlisted redeemable non-convertible debentures. The company exercised the call option to redeem 10 NCDs from Series PDL-09-2023, totaling Rs 1 crore, ahead of the actual maturity date of September 02, 2033.

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Paisalo Digital Limited has partly redeemed 10 unsecured unlisted redeemable non-convertible debentures (NCDs) from Series PDL-09-2023 by exercising the call option. The total redemption amount aggregates to Rs 1 crore. The actual maturity date for these instruments is September 02, 2033. The intimation was submitted to the exchanges on May 25, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of the Redemption

The redemption was executed by opting the call option prior to the actual maturity date. The debentures were classified under Series PDL-09-2023. The specific coupon rate and tenor details were not disclosed in the regulatory filing.

Financial Implications

The transaction reduces the company's outstanding debt liability by Rs 1 crore. The following table summarizes the key details of the redemption:

Parameter Details
Series PDL-09-2023
Number of NCDs Redeemed 10
Total Amount Redeemed Rs 1 crore
Actual Maturity Date September 02, 2033

The intimation was signed by Manendra Singh, Company Secretary, and addressed to BSE Limited and the National Stock Exchange of India Limited.

Historical Stock Returns for Paisalo Digital

1 Day5 Days1 Month6 Months1 Year5 Years
-1.38%+5.81%+5.85%+42.14%+53.16%+61.35%

Does this early redemption signal a shift in Paisalo Digital's capital structure strategy towards deleveraging?

Will the company utilize surplus cash or refinance to redeem the remaining NCDs from Series PDL-09-2023?

How will the exercise of the call option impact the company's cost of debt and interest expense in the coming fiscal year?

Paisalo Digital to transfer unclaimed dividend to IEPF

1 min read     Updated on 23 May 2026, 12:32 PM
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Anirudha BScanX News Team
AI Summary

Paisalo Digital Limited announced the transfer of unclaimed dividends for FY 2018-19 and corresponding shares to the IEPF Authority on September 16, 2026. Shareholders must submit claims by September 11, 2026, to prevent the transfer. The company has issued notices to affected shareholders and provided details on the claim process via Form IEPF-5.

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Paisalo Digital Limited has informed its shareholders regarding the transfer of unclaimed dividends and corresponding equity shares to the Investor Education and Protection Fund (IEPF) Authority. The company stated that the final dividend for the financial year 2018-19, which has remained unclaimed for a period of seven years, is scheduled to be credited to the IEPF on September 16, 2026. This action is being taken pursuant to the provisions of Section 124 of the Companies Act, 2013 and the relevant IEPF rules.

Transfer Details

The transfer applies to the final dividend declared for FY 2018-19 that has not been claimed or encashed for seven or more consecutive years. In addition to the dividend amount, the corresponding equity shares on which these dividends remained unclaimed will also be transferred to the IEPF Authority. The company has already sent individual notices to all concerned shareholders whose shares are liable for this transfer.

Impact on Shareholders

Shareholders holding shares in physical form will have their duplicate share certificates cancelled and transferred to the IEPF Authority. For those holding shares in electronic form, the demat accounts will be debited for the shares liable for transfer. The company has clarified that no claim will lie against it once the transfer is completed.

Claim Process and Deadline

To avoid the transfer, shareholders must ensure that a valid claim is received by the company on or before September 11, 2026. If no claim is received by this date, the company will proceed to transfer the liable dividend and equity shares to the IEPF Authority without further notice. Shareholders can subsequently claim the shares and dividends from the IEPF Authority by submitting an application in Form IEPF-5 online after obtaining an entitlement letter from the company.

Key Event Date
Last Date for Claim September 11, 2026
Transfer to IEPF September 16, 2026
Financial Year for Dividend 2018-19

For any queries regarding the transfer process, shareholders have been requested to contact the company's Registrar & Share Transfer Agent, Alankit Assignments Limited.

Historical Stock Returns for Paisalo Digital

1 Day5 Days1 Month6 Months1 Year5 Years
-1.38%+5.81%+5.85%+42.14%+53.16%+61.35%

How might the transfer of unclaimed shares to IEPF affect Paisalo Digital's shareholder composition and voting dynamics going forward?

What steps is Paisalo Digital planning to improve shareholder engagement to prevent future unclaimed dividends from reaching the seven-year threshold?

How does the IEPF reclaim process typically impact retail investors in terms of timeline and success rate, and could regulatory reforms simplify it?

More News on Paisalo Digital

1 Year Returns:+53.16%