Purshottam Investofin Limited Allots ₹30 Crore Non-Convertible Debentures on Private Placement Basis

1 min read     Updated on 25 Mar 2026, 12:33 AM
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AI Summary

Purshottam Investofin Limited completed the allotment of 30 unsecured NCDs worth ₹30,00,00,000 on March 24, 2026, through private placement. The debentures offer 13% annual interest with quarterly payments and 18-month tenure. Investors benefit from flexible put options after 6 months, monthly redemption facility, and zero prepayment charges, making it an attractive fixed-income investment opportunity.

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Purshottam investofin Limited has successfully completed the allotment of Non-Convertible Debentures (NCDs) worth ₹30 crore through private placement. The Board of Directors unanimously approved the allotment through a circular resolution passed on March 24, 2026, marking a significant fundraising milestone for the Delhi-based investment company.

Debenture Structure and Terms

The company allotted 30 unsecured, unrated, unlisted, redeemable NCDs with attractive terms for investors. The debentures carry a face value of ₹1,00,00,000 each and were issued at par value.

Parameter: Details
Total NCDs Allotted: 30
Face Value per NCD: ₹1,00,00,000
Total Issue Size: ₹30,00,00,000
Issue Type: Private Placement
Listing Status: Unlisted

Interest Rate and Payment Schedule

The NCDs offer competitive returns with a fixed interest rate structure and flexible redemption options. The company has structured the debentures to provide regular income to investors through quarterly interest payments.

Feature: Specification
Interest Rate: 13% per annum (Fixed)
Interest Payment: Quarterly
Tenure: 18 months
Allotment Date: March 24, 2026
Maturity Date: September 24, 2027

Investor Protection Features

The NCDs include several investor-friendly provisions designed to provide flexibility and security. Notably, investors have the option to exit their investment early without any financial penalties.

Key Investor Rights:

  • Put option exercisable after 6 months from allotment date
  • Monthly redemption facility thereafter with 7 days prior written notice
  • Redemption at par value with accrued interest
  • Zero prepayment charges
  • Additional interest of 2% per annum over coupon rate in case of payment default

Regulatory Compliance

The allotment was conducted in full compliance with SEBI regulations and disclosure requirements. The company filed the necessary intimations with BSE Limited on March 24, 2026, following earlier communications dated March 11, 2026 and March 14, 2026. Since the NCDs are unsecured instruments, no charges or security have been created over the company's assets. The debentures will not be listed on any stock exchange and are structured for private placement investors seeking fixed-income investment opportunities.

Historical Stock Returns for Purshottam Investofin

1 Day5 Days1 Month6 Months1 Year5 Years
+4.00%+0.21%-11.34%-11.93%-18.81%+325.58%

How will Purshottam Investofin utilize the ₹30 crore raised through NCDs to expand its investment portfolio or business operations?

What impact might the high 13% interest rate and flexible redemption terms have on the company's future financing costs and cash flow management?

Could this successful private placement signal potential plans for larger fundraising activities or public offerings in the near future?

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Artha Shree Private Limited Acquires 2.05% Additional Stake in Purshottam Investofin Limited

1 min read     Updated on 23 Mar 2026, 09:05 PM
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Radhika SScanX News Team
AI Summary

Artha Shree Private Limited acquired 1,52,440 equity shares (2.05%) of Purshottam Investofin Limited through open market transactions between March 13-20, 2026. This acquisition increased Artha Shree's individual holding to 13.34% and combined holding with person acting in concert Bharat Soni to 13.96%. The disclosure was made under SEBI regulations, with all transactions involving shares of INR 10/- face value each.

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Artha Shree Private Limited has announced the acquisition of 1,52,440 equity shares in Purshottam Investofin Limited , representing 2.05% of the company's paid-up equity share capital. The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, dated March 20, 2026.

Acquisition Details

The acquisition was executed through open market transactions conducted between March 13-20, 2026. The shares acquired carry a face value of INR 10/- each and represent voting rights in the target company.

Transaction Date Shares Acquired
March 13, 2026 98
March 17, 2026 1,40,999
March 19, 2026 1,343
March 20, 2026 10,000
Total 1,52,440

Shareholding Pattern Changes

Prior to this acquisition, Artha Shree Private Limited held 8,38,735 equity shares (11.29%) in Purshottam Investofin Limited. The company acts in concert with Bharat Soni, who holds 45,600 shares (0.62%).

Holding Details Before Acquisition After Acquisition
Artha Shree Private Limited 8,38,735 shares (11.29%) 9,91,175 shares (13.34%)
Bharat Soni (PAC) 45,600 shares (0.62%) 45,600 shares (0.62%)
Combined Total 8,84,335 shares (11.91%) 10,36,775 shares (13.96%)

Target Company Information

Purshottam Investofin Limited's equity shares are listed on BSE Limited. The company's total equity share capital remains unchanged at INR 7,42,32,950/-, consisting of 74,23,295 equity shares of INR 10/- each. Artha Shree Private Limited has confirmed that it does not belong to the promoter or promoter group of the target company.

Regulatory Compliance

The acquisition disclosure indicates no encumbrances, warrants, convertible securities, or other instruments that would entitle additional voting rights. The transaction was conducted in full compliance with SEBI regulations, with the disclosure submitted to BSE Limited and copied to Purshottam Investofin Limited's compliance officer.

The disclosure was signed by Anchal Soni, Director of Artha Shree Private Limited (DIN: 08751197), acting as the authorized signatory for the transaction.

Historical Stock Returns for Purshottam Investofin

1 Day5 Days1 Month6 Months1 Year5 Years
+4.00%+0.21%-11.34%-11.93%-18.81%+325.58%

Will Artha Shree Private Limited continue acquiring shares to reach the 25% threshold that would trigger a mandatory open offer?

What strategic synergies might Artha Shree be seeking with Purshottam Investofin Limited given their increased stake in the financial services company?

How might this acquisition impact Purshottam Investofin's board composition and corporate governance structure?

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1 Year Returns:-18.81%