SI Capital & Financial Services Limited announced the successful completion of its debenture allotment process on March 17, 2026, raising ₹50 lakhs through the issuance of secured non-convertible debentures. The Debenture Allotment Committee meeting, which commenced at 11:00 AM and concluded at 11:08 AM, approved the allotment of 5000 NCDs under the company's Series XII offering.

Debenture Allotment Details

The company allotted 5000 secured unlisted redeemable non-convertible debentures with a face value of ₹1,000 each, raising a total amount of ₹50 lakhs. The entire issue was subscribed by Sharewealth Securities Limited through private placement, demonstrating strong investor confidence in the company's financial instruments.

Interest Rate and Tenure Structure

The NCDs offer an attractive investment proposition with a competitive interest rate and structured payment schedule. Under Scheme I, the debentures carry a 12.00% annual interest rate with monthly payment frequency, providing regular income to the investor.

Security and Compliance Framework

The NCDs are secured by a first charge or charge ranking pari passu with the first charge on company assets as referred to in Schedule III of the Companies Act, 2013. The assets are valued by a registered valuer, ensuring proper security backing for the debenture holders. The issue price has been determined in accordance with Rule 2(ix) of Companies (Deposit) Rules and Master Direction - Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 2016.

Regulatory Adherence

The allotment process complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and follows guidelines specified in SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The debentures are unlisted securities issued through private placement, providing the company with flexible fundraising options while maintaining regulatory compliance.

The successful completion of this NCD allotment strengthens SI Capital & Financial Services' capital base and provides the company with additional resources for its business operations. The principal amount of ₹50 lakhs will be repaid in full on the maturity date of March 16, 2031, along with the final interest payment.

S.I.Capital & Financial Services Limited has successfully concluded its Board of Directors meeting on March 07, 2026, with the formal approval of a fund raising proposal worth Rs 50.00 lakhs through secured unlisted redeemable non-convertible debentures (NCDs). The meeting, conducted via video conferencing from 11:05 AM to 11:20 AM, resulted in unanimous board approval for the private placement issuance.

Board Meeting Outcome and Regulatory Compliance

The board meeting resulted in the formal approval of the NCD issuance structure, with the company maintaining full compliance with SEBI Regulation 30. The outcome notification was submitted to BSE Limited on the same day, ensuring transparency and regulatory adherence. Company Secretary Sujith K Ravindranath digitally signed the regulatory filing at 11:25:49 AM on March 07, 2026.

NCD Issuance Structure and Specifications

The approved fund raising involves the issuance of 5,000 NCDs with a face value of Rs 1,000 each, aggregating to a maximum amount of Rs 50.00 lakhs. The debentures will be secured by a first charge or charge ranking pari passu with the first charge on assets as per Schedule III of the Companies Act, 2013, valued by a registered valuer.

Investment Terms and Interest Structure

The NCDs are structured under Scheme I, offering attractive terms to potential investors. The debentures carry a 12.00% interest rate with monthly payment frequency, providing regular income to debenture holders throughout the investment tenure.

Security Framework and Asset Coverage

The NCDs will be secured by assets valued by a registered valuer, ensuring comprehensive investor protection through tangible security coverage. The security structure involves a first charge or charge ranking pari passu with the first charge on any assets referred to in Schedule III of the Companies Act, 2013.

Final Implementation and Investor Selection

The final selection of investors and specific terms will be determined by the Board of Directors or its designated committee before issuing the offer letter. The detailed information has been made available on the company's website at www.sicapital.co.in , ensuring complete transparency for all stakeholders and maintaining regulatory compliance throughout the issuance process.