NewsShalibhadra Finance Limited Schedules Board Meeting for March 23, 2026 to Consider Non-Convertible Debentures IssuanceShalibhadra Finance Limited Schedules Board Meeting for March 23, 2026 to Consider Non-Convertible Debentures Issuance
Shalibhadra Finance Limited has scheduled a board meeting for March 23, 2026, at 3:30 P.M. to consider and approve the issuance of non-convertible debentures on a private placement basis. The meeting notification was submitted to the Bombay Stock Exchange on March 18, 2026, in compliance with Regulation 29(1)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's managing director Vatsal Doshi signed the regulatory notification.
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Shalibhadra finance Limited has announced that its board of directors will convene on March 23, 2026, to deliberate on the issuance of non-convertible debentures through private placement. The meeting, scheduled for 3:30 P.M., represents a significant corporate development as the company explores debt financing options.
Board Meeting Details
The company has formally notified the Bombay Stock Exchange about the upcoming board meeting in accordance with regulatory requirements. The notification was submitted on March 18, 2026, providing the mandatory prior intimation under SEBI regulations.
| Meeting Parameter: | Details |
|---|---|
| Date: | March 23, 2026 |
| Time: | 3:30 P.M. |
| Primary Agenda: | Issuance of non-convertible debentures |
| Placement Type: | Private placement basis |
Regulatory Compliance
The board meeting has been convened pursuant to Regulation 29(1)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to provide prior intimation to stock exchanges regarding board meetings that will consider material matters, including fundraising activities.
Corporate Structure
Shalibhadra Finance Limited operates under CIN L65923MH1992PLC064886 and maintains its corporate office at 3, Kamat Industrial Estate, 396, Veer Savarkar Marg, opposite Siddhi Vinayak Temple, Prabhadevi, Mumbai – 400 025. The company's managing director, Vatsal Doshi (DIN: 07950770), signed the regulatory notification.
Private Placement Strategy
The proposed non-convertible debentures will be issued on a private placement basis, which allows the company to raise funds from a select group of investors without making a public offering. This financing mechanism provides companies with flexibility in terms of timing and investor selection while maintaining regulatory compliance.
Historical Stock Returns for Shalibhadra Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.90% | -1.47% | -5.97% | -26.98% | -30.19% | +433.27% |
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