Shalibhadra Finance Limited has successfully raised ₹19.50 crore through the issuance of Non-Convertible Debentures (NCDs), marking a significant milestone in the company's capital raising efforts. The fundraising was announced on 15th April 2026, demonstrating strong investor confidence in the NBFC's business model and growth prospects.

NCD Structure and Terms

The Non-Convertible Debentures offer attractive terms for investors while providing the company with structured financing. The key features of the NCD issuance include:

The monthly interest payment structure ensures regular cash flows to investors, while the six-monthly principal repayment schedule provides additional liquidity benefits. The NCDs are secured and carry a credit rating of BBB- (Stable) from ICRA, reflecting the company's creditworthiness.

Management Commentary

Commenting on this fundraising milestone, Mr. Vatsal M. Doshi, Managing Director, emphasized the strategic importance of this capital raising exercise. He stated that this fundraiser marks a key step in optimizing the company's liability profile and enhancing financial flexibility. The successful completion of the NCD issuance reflects strong investor confidence in the business model and supports efficient asset-liability management.

The proceeds from the NCD issuance will be utilized to support the company's lending operations and help optimize the overall cost of funds while driving disciplined growth and long-term value creation.

Company Profile and Operations

Shalibhadra Finance Limited operates as a retail-focused NBFC with a strong presence in rural and semi-urban areas across three key states. The company's operational footprint and business metrics highlight its established market position:

The company offers a comprehensive range of small ticket asset financing and customized retail products, including financing for new and used two-wheelers, four-wheelers, and property loans. This diversified product portfolio caters to the specific financial needs of customers in rural and semi-urban markets.

Business Model and Risk Management

Shalibhadra Finance follows a prudent, asset-backed lending model with a strong emphasis on risk management, asset quality, and sustainable growth. The company's approach is supported by robust governance frameworks and technology-enabled operations, which enhance operational efficiency and customer service delivery.

The successful NCD issuance demonstrates the company's ability to access diverse funding sources and optimize its capital structure. This fundraising initiative positions the company well for continued growth in its target markets while maintaining financial discipline and risk management standards.

Shalibhadra Finance Limited has achieved a significant corporate milestone with the National Stock Exchange (NSE) approving the listing of its equity shares. The retail-focused non-banking financial company (NBFC), which serves rural and semi-urban segments, will see its shares commence trading on April 10, 2026.

NSE Listing Details

The NSE approval, dated April 8, 2026, covers comprehensive listing parameters for Shalibhadra Finance Limited's equity shares:

Share Lock-in Structure

The NSE approval includes a detailed lock-in schedule for different tranches of equity shares:

Management Commentary

Mr. Vatsal M. Doshi, Managing Director of Shalibhadra Finance Limited, expressed satisfaction with the NSE approval milestone. He emphasized that the listing will enable more effective engagement with capital markets and provide access to a wider investor base. The Managing Director highlighted this development as an important step aligned with the company's long-term vision of establishing a strong NSE presence while continuing branch network expansion across India and driving growth in Assets Under Management (AUM).

Company Profile

Shalibhadra Finance Limited operates as an NBFC with focus on rural and semi-urban areas across Gujarat, Maharashtra, and Madhya Pradesh. The company maintains a network of over 60 branches offering small ticket asset financing and customized retail products including financing for new and used two-wheelers, cars, and property loans. With assets under management exceeding ₹200 crores and an active customer base of over 1 lakh, the company follows a prudent asset-backed lending model emphasizing risk management, asset quality, and sustainable growth through robust governance and technology-enabled operations.

Compliance and Operations

The NSE has mandated that all future reports, statements, and filings required under SEBI regulations must be submitted through NEAPS (NSE Electronic Application Processing System). The company will need to seek requisite exchange approvals for any future grants, allotments, or corporate actions. NSE has also launched a mobile application for listed entities to track submission status, access compliance calendars, and monitor stock performance.