Qgo Finance board to consider fund raising via NCDs on July 13
Qgo Finance Limited has scheduled a board meeting for July 13, 2026, to consider raising funds through the issuance of unsecured Non-Convertible Debentures on a private placement basis. This follows a recent allotment of 100 unsecured, redeemable NCDs aggregating ₹1 crore on July 6, 2026, carrying a 12% coupon rate and a 9-year tenure. The new proposal aims to secure additional funding through similar debt instruments.
*this image is generated using AI for illustrative purposes only.
Qgo Finance Limited has scheduled a board meeting on Monday, July 13, 2026, to consider and approve a proposal to raise funds by issuing unsecured Non-Convertible Debentures (NCDs) on a private placement basis. The meeting will be convened in accordance with Regulation 29(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This initiative follows the company's recent activity in the debt capital market, where it previously allotted NCDs to investors.
The company recently allotted 100 unsecured, redeemable NCDs aggregating ₹1 crore to eligible investors on a private placement basis. This allotment, part of Tranche-XLIV, was approved by the Board via circulation on July 6, 2026. The instruments carry a coupon rate of 12% per annum payable monthly and have a tenure of 9 years, maturing on July 5, 2035. These debentures are unlisted and unsecured, with no charge created over the company's assets.
Details of Recent Allotment
| Sr. No. | Particulars | Details |
|---|---|---|
| 1. | Type of securities | Unsecured, Unlisted, Redeemable Non-Convertible Debentures (NCDs) |
| 2. | Type of issuance | Private Placement |
| 3. | Total number of securities allotted | 100 |
| 4. | Size of the Issue (Total) | ₹2,00,00,000 (Rupees Two Crores Only) |
| 5. | Size of the Allotment (Total) | ₹1,00,00,000 (Rupees One Crore Only) |
| 6. | Listed | No |
| 7. | Tenure | 9 years (Allotment: 06.07.2026, Maturity: 05.07.2035) |
| 8. | Coupon/interest | 12% per annum payable monthly |
| 9. | Charge/security | Not applicable |
The upcoming board meeting indicates the company's intent to further utilize this instrument for capital raising. Urmi Joiser, Company Secretary and Compliance Officer, signed the intimation regarding the meeting on July 8, 2026.
Historical Stock Returns for QGO Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.02% | -1.83% | -2.27% | +0.58% | -14.29% | +107.23% |
What specific capital allocation plans does Qgo Finance intend to fund with the proceeds from the proposed NCD issuance?
Will the upcoming tranche maintain the 12% coupon rate and 9-year tenure established in the recent allotment?
How will the increased unsecured debt load impact the company's credit profile and future borrowing costs?
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