Purshottam Investofin Limited announced that its board of directors has approved the issuance of Non-Convertible Debentures (NCDs) worth Rs 30,00,00,000 during a meeting held on March 14, 2026. The board meeting, which commenced at 04:30 P.M. and concluded at 05:40 P.M., resulted in the approval of this significant fundraising initiative through the debt market.

Debenture Structure and Terms

The approved issuance comprises 30 unsecured, unrated, unlisted, redeemable Non-Convertible Debentures, each carrying a face value of Rs 1,00,00,000. The debentures will be issued on a private placement basis at par value, targeting institutional and qualified investors.

Interest Rate and Payment Schedule

The NCDs offer an attractive fixed interest rate of 13% per annum with quarterly interest payments. The principal amount will be redeemed at the end of the 18-month tenure from the date of allotment. The company expects to complete the allotment process within one month of board approval.

Investor Protection Features

The debenture structure includes several investor-friendly provisions. Notably, investors will have the right to exercise a Put Option after completion of 6 months from the deemed date of allotment, and thereafter on a monthly basis. This option requires 7 days prior written notice to the issuer, following which the company must redeem the NCDs at par with accrued interest within 7 days of receiving the Put Notice. The arrangement includes no prepayment charges.

Default and Penalty Provisions

In case of default in payment of interest or principal redemption beyond the due dates, the company will be liable to pay additional interest of at least 2% per annum over the coupon rate for the defaulting period. This provision ensures investor protection and incentivizes timely payments by the issuer.

Corporate Compliance and Communication

The company has formally communicated the board meeting outcome to BSE Limited through a regulatory filing signed by Company Secretary and Compliance Officer Ankit Gupta. The issuance details comply with Regulation 30 of the Listing Regulations and Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company's registered office is located at L-7, Menz Floor, Greenpark Extension, New Delhi -110016, with CIN: L65910DL1988PLC033799.

Artha Shree Private Limited has further strengthened its position in Purshottam Investofin Limited through an additional acquisition of 1,65,000 equity shares representing 2.22% of the paid-up equity share capital. This latest transaction, disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, brings the combined holding of Artha Shree Private Limited and its Person Acting in Concert (PAC) Bharat Soni to 8,84,335 equity shares, representing 11.91% of the total voting capital.

Latest Acquisition Details

The recent acquisition was executed entirely by Artha Shree Private Limited on March 10, 2026, through open market transactions. The company acquired 1,65,000 equity shares of face value INR 10 each, increasing its individual holding from 9.07% to 11.29%.

Updated Shareholding Pattern

Following this additional acquisition, the consolidated holding structure shows Artha Shree Private Limited as the primary stakeholder with Bharat Soni maintaining his existing position as PAC.

Previous Acquisition Timeline

The current acquisition builds upon earlier transactions executed in February and March 2026. The initial stake-building exercise involved multiple tranches across different dates.

Regulatory Compliance and Company Structure

The disclosure was signed by Anchal Soni, Director of Artha Shree Private Limited (DIN: 08751197), ensuring continued compliance with SEBI takeover regulations. The acquirers maintain their status as non-promoter entities in Purshottam Investofin Limited. Purshottam Investofin Limited's equity share capital remains unchanged at INR 7,42,32,950 consisting of 74,23,295 equity shares of INR 10 each, with shares listed on BSE Limited. No encumbrances, warrants, or convertible securities are involved in any of these acquisitions.