Supra Pacific Financial Services has scheduled a Board of Directors meeting for September 17, 2026, to consider the issuance of secured, unrated non-convertible debentures (NCDs) worth up to ₹50 crore through private placement.

The meeting will be held at 10:30 am at the company’s registered office in Ernakulam, Kerala. The agenda includes confirming minutes from the previous board meeting held on August 12, 2026, and reviewing business operations and prospects.

Capital Raise Details

The proposed debt issuance involves secured, unrated, unlisted NCDs. The company intends to raise funds via private placement with a minimum subscription requirement of ₹1 crore per investor. This capital raising activity is part of the company's broader financial strategy to manage liquidity and fund operational requirements.

The intimation was issued pursuant to Regulation 29(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Leena Yezhuvath, Company Secretary, signed the disclosure dated September 12, 2026.

Supra Pacific Financial Services posted a robust financial performance for FY26, with revenue from operations rising 85.29% to ₹87.86 crore and profit after tax (PAT) jumping 589.38% to ₹7.88 crore. The NBFC is scheduled to hold its 40th Annual General Meeting on September 21, 2026, to approve significant capital raising measures.

The company’s Assets Under Management (AUM) expanded by 42.19% to ₹351.67 crore as of March 31, 2026, driven by growth across its diversified lending portfolio. Gold loans remained the largest segment, contributing ₹225.86 crore to the AUM, while microfinance recorded the highest growth rate of 77.45%.

Key Dates

Capital Raising Resolutions

Shareholders will vote on multiple special resolutions aimed at strengthening the company’s balance sheet and funding future expansion. The board seeks approval for the following debt instruments:

Non-Convertible Debentures (NCDs)

Under Item 3, the company proposes to issue secured or unsecured NCDs via private placement. The aggregate limit for this issuance is capped at ₹500 crore. The authority granted will be valid for one year from the date of passing the resolution.

Subordinated Debt (Tier II)

Item 4 involves the issuance of Unsecured Subordinated Debt (Tier II) with an aggregate limit of ₹500 crore. This instrument qualifies as Tier II capital under RBI regulations, helping to strengthen the company’s capital adequacy position.

Increased Borrowing Powers

Item 5 seeks shareholder consent to increase the board’s borrowing powers under Section 180(1)(c) of the Companies Act, 2013. The proposed aggregate borrowing limit is set at ₹1,500 crore to meet operational, expansion, and working capital needs.

Director Re-appointment

Mr. Manoj Karumathil (DIN 08760264) retires by rotation and offers himself for re-appointment as a Non-Executive Non-Independent Director. He brings 20 years of experience in the Non-Banking Finance Company sector and currently holds 288,186 shares in the company.

What the Numbers Show

The substantial increase in borrowing powers to ₹1,500 crore, combined with the proposed issuance of up to ₹1,000 crore in NCDs and Tier II debt, signals a clear intent to scale operations aggressively. With AUM growing by over 42% and revenue nearly doubling, the company is leveraging its improved profitability—PAT rose from ₹1.21 crore in FY25 to ₹8.17 crore in FY26—to fund further expansion while maintaining a Capital to Risk-Weighted Assets Ratio (CRAR) of 38.89%, well above the regulatory minimum of 15%.