Supra Pacific Board Approves ₹20 Crore NCD Issuance with 11.60%-11.75% Returns
Supra Pacific Financial Services Limited completed its board meeting on April 2, 2026, approving a ₹20 crore Non-convertible Debentures issuance with flexible interest options of 11.60% for monthly payments and 11.75% for yearly payments over a 2-year tenure. The board constituted a three-member debenture committee led by Managing Director Joby George to oversee the allotment process and discussed relocating the registered office within Mumbai for operational convenience.
*this image is generated using AI for illustrative purposes only.
Supra Pacific Financial Services Limited has successfully concluded its board meeting held on April 2, 2026, approving the issuance of ₹20 crore Non-convertible Debentures and other strategic corporate decisions. The meeting, which commenced at 10:30 a.m. and concluded at 3:15 p.m., addressed critical fundraising and operational matters as outlined in the company's regulatory compliance framework under Regulation 30 of SEBI Listing Regulations.
Board Meeting Outcomes
The board meeting resulted in several key approvals and decisions that will shape the company's immediate operational and financial strategy. The directors successfully addressed all agenda items while maintaining strict adherence to regulatory requirements and SEBI Circular guidelines.
| Decision Area: | Status |
|---|---|
| Previous Meeting Minutes: | Noted and approved |
| NCD Issuance: | Approved |
| Debenture Committee: | Constituted |
| Office Relocation: | Discussed for operational convenience |
| Business Operations Review: | Completed |
NCD Issuance Details
The board approved the issuance of 2,00,000 Non-convertible Debentures aggregating to ₹20 crore on a private placement basis. The securities will remain unlisted and unrated, targeting investors with minimum subscription requirements of ₹1 crore or above per investor under the secured category.
| Parameter: | Details |
|---|---|
| Issue Size: | 2,00,000 NCDs worth ₹20 crore |
| Tenure: | 2 years |
| Interest Rate (Monthly): | 11.60% |
| Interest Rate (Yearly): | 11.75% |
| Security: | Current assets of the company |
| Listing Status: | Unlisted and unrated |
| Allotment Timeline: | Within one month |
| Minimum Investment: | ₹1 crore per investor |
Interest Payment Structure
The debentures offer flexible interest payment options to cater to different investor preferences. The monthly option provides 11.60% annual interest with monthly payouts throughout the 2-year tenure, while the yearly option offers 11.75% with annual interest payments. Principal repayment will occur at maturity after 2 years from the allotment date.
| Payment Schedule: | Monthly Option | Yearly Option |
|---|---|---|
| Interest Rate: | 11.60% | 11.75% |
| Payment Frequency: | Every month for 2 years | Every year for 2 years |
| Principal Repayment: | At maturity (2 years) | At maturity (2 years) |
Debenture Committee Formation
The board constituted a dedicated Debenture Committee to oversee the allotment process and ensure efficient execution of the NCD issuance. The committee comprises three members with specific roles and comprehensive authority over the subscription and allotment process.
| Position: | Name | Designation |
|---|---|---|
| Chairman: | Joby George | Managing Director |
| Member: | Sandeep Babu T | Non-Executive Director |
| Member: | AG Varughese | Independent Director |
The committee holds authority to approve debenture allotments based on subscription processes, finalize investor selections considering oversubscription scenarios, manage notification processes for subscribers, and handle technical adjustments or discrepancies during the allotment phase including corrections for errors or changes in investor eligibility.
Registered Office Relocation
The board discussed the proposed relocation of the company's registered office from Dreamax Height, Shop No. 1, First floor, Upadhyay Compound, Jija Mata Road, Near PumpHouse, Andheri East, Chakala Midc, Mumbai to Kanakia Wallstreet, A Wing, unit no 1107, Andheri Kurla Road, Andheri (East), Mumbai 400093. The relocation aims to enhance operational convenience and support business expansion initiatives while maintaining the Mumbai jurisdiction.
Regulatory Compliance
The meeting outcome has been filed under reference SPFSL/BSE/SEC/2026-27/02 in compliance with Regulation 30 of SEBI Listing Regulations and Schedule III requirements, along with SEBI Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Company Secretary Leena Yezhuvath digitally signed the regulatory filing on April 2, 2026, ensuring full compliance with prescribed disclosure norms for the BSE-listed entity trading under scrip code 540168.
Historical Stock Returns for Supra Pacific Financial Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -8.72% | -8.72% | -8.72% | -8.72% | -8.72% | -8.72% |
How will the ₹20 crore fundraising through NCDs impact Supra Pacific's expansion plans and capital allocation strategy over the next 2-3 years?
What specific business opportunities or market segments is the company targeting with the funds raised from this private placement?
Given the high interest rates of 11.60-11.75%, how might this debt burden affect the company's profitability and future financing costs?
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