Supra Pacific approves ₹10 crore secured NCD issue
Supra Pacific Financial Services Ltd's Board approved a ₹10 crore private placement of secured, unrated NCDs on July 25, 2026. The issue offers coupons between 11.00% and 12.60% for tenors of 13 to 70 months, secured against current assets, with allotment expected by August 31, 2026.
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Supra Pacific Financial Services Ltd has approved the issuance of secured, unrated, and unlisted Non-Convertible Debentures (NCDs) aggregating to ₹10 crore on a private placement basis. The Board of Directors finalized the terms during a meeting held on July 25, 2026, aiming to raise capital through instruments with tenors ranging from 13 to 70 months. The issuance targets investors subscribing less than ₹1 crore per entity, adhering to specific regulatory categories for smaller subscriptions.
The company will issue 1,00,000 NCDs, creating a charge on its current assets as security. Interest rates vary by tenure and payment frequency, ranging from 11.00% for monthly payments over 13 months to 12.60% for a cumulative scheme over 70 months. Enhanced rates are offered to women and senior citizens. Allotment is scheduled before August 31, 2026, with maturity dates corresponding to the selected tenures.
Issuance Details
| Tenure | Coupon Rate | Payment Frequency | Maturity |
|---|---|---|---|
| 13 Months | 11.00% – 11.50% | Monthly / Yearly | End of 13 months |
| 24 Months | 11.60% – 11.75% | Monthly / Yearly | End of 24 months |
| 36 Months | 11.75% – 12.00% | Monthly / Yearly | End of 36 months |
| 60 Months | 12.00% – 12.50% | Monthly / Yearly | End of 60 months |
| 70 Months | 12.60% | Cumulative | End of 70 months |
The filing was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III and SEBI Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Leena Yezhuvath, Company Secretary & Compliance Officer, signed the disclosure. The Board also reviewed business operations and prospects during the meeting, which concluded at 11:30 a.m. No delays in interest or principal payments were reported for existing securities.
Historical Stock Returns for Supra Pacific Financial Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.30% | -0.82% | +4.10% | +17.15% | +15.31% | +34.41% |
How will the ₹10 crore capital raised from this NCD issuance specifically impact Supra Pacific's liquidity position and future expansion plans?
Given the interest rates of 11-12.6%, how does this debt cost compare to current market benchmarks for similar unrated private placements, and what does it signal about the company's credit risk?
What are the potential implications of creating a charge on current assets for the company's operational flexibility and ability to secure additional financing in the near term?
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