Anupam Finserv Limited's Board of Directors has approved a significant fundraising initiative through the issuance of non-convertible debentures worth up to ₹10 crores. The board meeting, held on December 26, 2025, at the company's registered office, concluded the approval for issuing secured, unlisted, unrated, redeemable, fully paid non-convertible debentures to eligible investors on a private placement basis.

Debenture Structure and Terms

The approved debentures will be issued in one or more tranches, providing flexibility in the fundraising process. The key parameters of the debenture issuance are structured as follows:

The debentures are designed as unlisted instruments, meaning they will not be traded on stock exchanges, and will be offered exclusively to eligible investors through private placement.

Redemption Schedule

The company has established a structured redemption timeline for the debentures, ensuring systematic repayment to investors:

Special Provisions and Default Terms

The debenture agreement includes provisions for early redemption, allowing the company flexibility in debt management. In case of early redemption after 12 months but before the final redemption date, the company will pay an early redemption amount with a 30-day written notice to the debenture trustee and holders.

For delayed payments, the company has agreed to enhanced penalty terms. In case of delay in payment of interest or principal amount for more than three months, the company will pay an additional 2.00% over the applicable coupon rate until the default is cured to the satisfaction of the debenture trustee.

Meeting Details

The board meeting commenced at 12:30 PM and concluded at 1:30 PM on December 26, 2025. The approval was granted following the notice dated December 19, 2025, which had intimated stakeholders about the scheduled board meeting. Director Pravin Gala, with DIN 00786492, signed the disclosure document on behalf of the company.

This debenture issuance represents a strategic move by Anupam Finserv Limited to raise funds through debt instruments while maintaining control over the fundraising process through private placement methodology.

Anupam Finserv Limited (ISIN: INE069B01023) has announced a series of significant corporate actions, seeking shareholder approval through a postal ballot. The company is proposing an Employee Stock Option Plan (ESOP) for 2025 and approval for material related party transactions, signaling potential strategic moves in its business operations and employee retention strategies.

Employee Stock Option Plan 2025

Anupam Finserv is seeking approval for the Anupam Finserv Employee Stock Option Plan 2025, which involves:

• Issuance of up to 2 crore equity shares under the ESOP
• A specific grant of 80 lakh options to Chief Business Officer Vishwajeet Katkar

This substantial ESOP allocation, representing approximately 10.54% of the current paid-up equity share capital, underscores the company's commitment to aligning employee interests with long-term corporate growth.

Related Party Transactions

The company is also seeking approval for material related party transactions worth up to Rs. 15 crores with Dream Road Technologies Private Limited. It's noteworthy that Anupam Finserv's director, Pravin Gala, has an interest in this entity, highlighting the need for shareholder scrutiny and approval to ensure transparency and compliance with regulatory requirements.

Financial Context

To provide context for these corporate actions, let's examine Anupam Finserv's recent financial position:

The company has shown significant growth in its total assets and shareholders' capital over the past year, which may provide context for the ambitious ESOP plan. The substantial increase in reserves and surplus also indicates improved profitability or capital infusion.

Implications and Outlook

The proposed ESOP plan, particularly the large grant to the Chief Business Officer, suggests that Anupam Finserv is focusing on retaining key talent and aligning management interests with company performance. This move could potentially drive long-term growth and shareholder value.

The related party transaction with Dream Road Technologies Private Limited warrants careful consideration by shareholders. While such transactions can be beneficial, they also require thorough scrutiny to ensure they are in the best interest of all stakeholders.

Shareholders will need to evaluate these proposals in the context of the company's recent financial performance and future growth prospects. The postal ballot provides an opportunity for shareholders to voice their opinions on these significant corporate actions.

As Anupam Finserv navigates these strategic decisions, stakeholders will be watching closely to see how these moves impact the company's future performance and market position in the financial services sector.