Satin creditcare Network Limited has scheduled a Board Working Committee meeting for Monday, April 20, 2026, to deliberate on a significant fund raising initiative through non-convertible debentures. The company formally notified stock exchanges about this upcoming corporate action on April 15, 2026.

Meeting Details and Regulatory Compliance

The Board Working Committee meeting has been convened in accordance with Regulations 29 and 50 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The primary agenda involves considering and approving a fund raising proposal through the issuance of non-convertible debentures on a private placement basis.

Proposed Debenture Structure

The company plans to issue non-convertible debentures with flexible characteristics to optimize the fund raising process. The proposed debentures will offer multiple structural options to attract investors and meet the company's capital requirements.

Key Features of Proposed NCDs:

• Listing Status: Listed debentures
• Security Options: Both secured and unsecured variants under consideration
• Issuance Method: Private placement basis
• Regulatory Compliance: Full adherence to applicable SEBI regulations

Corporate Communication

Company Secretary and Chief Compliance Officer Vikas Gupta signed the official communication to stock exchanges on April 15, 2026. The notification was simultaneously sent to both the National Stock Exchange of India Limited and BSE Limited, ensuring comprehensive market disclosure.

Company Background

Satin Creditcare Network Limited operates from its corporate office in Gurugram, Haryana, with its registered office located in New Delhi. The company maintains its commitment to transparent corporate governance and regulatory compliance through timely disclosures to stakeholders and market participants.

Satin Creditcare Network Limited has announced the launch of SGAL-Scheme 1, a ₹200 crore Category II Alternative Investment Fund by its wholly owned subsidiary Satin Growth Alternatives Limited (SGAL). The fund received SEBI registration on April 13, 2026, and is now targeting its first close with strong soft commitments already secured.

Fund Details and Strategic Focus

SGAL-Scheme 1 represents a differentiated approach within the Category II AIF space, focusing on businesses around inclusion, sustainability, and grassroots impact. The fund will deploy capital through innovative quasi-equity and debt instruments, balancing downside protection with equity upside potential.

Leadership and Management

The fund will be led by Ms. Shivika Sethi, Partner at SGAL since October 2025, bringing approximately 14 years of experience in venture capital and consulting. Having previously managed two $100 million funds and led numerous investments, she will spearhead the fund's operations and investment strategy.

Strategic Advantages

Leveraging Satin Creditcare Network's extensive presence across 550+ districts, SGAL-Scheme 1 offers superior portfolio sourcing through grassroots-level vetting of high-potential businesses. The fund aims to empower women-led and women-focused businesses, enabling greater financial inclusion and unlocking opportunities at the last mile.

Management Commentary

Dr. HP Singh, Chairman cum Managing Director of Satin Creditcare Network Limited, expressed excitement about supporting disruptive and high-potential businesses through this initiative. He emphasized the fund's alignment with the company's commitment to fostering inclusive and sustainable growth while creating leadership opportunities for the team.

Ms. Aditi Singh, Director SGAL and Chief Strategy Officer SCNL, highlighted the fund's unique quasi-equity and debt thesis, combined with deep structuring expertise and SCNL's grassroots reach. She noted that the strategy is designed to provide flexible, growth-oriented capital to enterprises often underserved by traditional financing options.

Company Background

Satin Creditcare Network Limited operates as a leading microfinance institution with presence in 26 states, 5 union territories, and over 100,000 villages. As of December 31, 2025, the Satin group maintained 1,987 branches with 18,240 employees, serving 32.7 lakh clients across its various business segments.