Si Capital & Financial Services Limited has filed its mandatory yearly disclosure under SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations for the financial year ended March 31, 2026. The disclosure was submitted to BSE Limited on April 6, 2026, fulfilling regulatory compliance requirements.

Regulatory Filing Details

The company's disclosure was filed under Regulation 31(4) of SEBI (SAST) Regulations, 2011, addressing substantial shareholding requirements. Company Secretary and Compliance Officer Sujith K Ravindranath submitted the filing to BSE Limited's General Manager - DCS, Listing Operations.

Promoter Confirmation

Sharewealth Securities Limited, the promoter company, provided a separate confirmation regarding share encumbrance status. Managing Director T B Ramakrishnan confirmed that no encumbrance was made on shares during the financial year ended March 31, 2026.

Company Information

Si Capital & Financial Services Limited operates from its registered office in Pollachi, Coimbatore, Tamil Nadu. The company maintains its corporate identity with CIN L67190TZ1994PLC040490 and provides forex-related financial services.

Sharewealth Securities Limited, the promoter, holds memberships with both NSE (Member Code: 12499) and BSE (Member Code: 3204), along with SEBI registration number INZ000176636. The promoter also serves as a Depository Participant with CDSL under SEBI registration IN-DP-CDSL-379-2006.

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.