QGO Finance Limited , a Mumbai-based financial services company, has announced the allotment of non-convertible debentures (NCDs) worth Rs 2 crore. This move is part of the company's ongoing efforts to raise capital through private placement.

Key Details of the NCD Allotment

Additional Information

The company disclosed that this allotment represents the 39th tranche of a larger Rs 6 crore NCD issue. With this latest allotment, 400 securities are still pending allotment from the total issue size.

QGO Finance has opted for unlisted and redeemable NCDs, indicating that these securities will not be traded on stock exchanges and will be repaid to investors at the end of the 9-year tenure.

The decision to issue these NCDs was made through a resolution passed by circulation among the majority of the company's Board of Directors on October 24, 2025. This information was shared with the BSE Ltd. in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

As these are unsecured NCDs, no specific assets of the company have been pledged as collateral for this debt instrument.

Investors and market participants should note that while this capital raising activity may impact the company's financial structure, the full implications will depend on how QGO Finance utilizes these funds and manages its debt obligations going forward.

QGO Finance Limited, a non-banking financial company, has successfully completed the redemption of all 200 Unlisted Unsecured Redeemable Non-Convertible Debentures (NCDs) worth Rs. 2 crore. This marks the final chapter in the NCD issuance that began in December 2021.

Redemption Details

The company redeemed the NCDs in two tranches:

1. First Tranche: On September 16, 2025, QGO Finance redeemed 100 NCDs with a face value of Rs. 1,00,000 each, totaling Rs. 1 crore.
2. Second Tranche: On September 17, 2025, the company redeemed the remaining 100 NCDs, also totaling Rs. 1 crore.

Key Points of the NCD Redemption

• Total Value: The total value of the redeemed NCDs was Rs. 2 crore.
• Face Value: Each NCD had a face value of Rs. 1,00,000.
• Tenure: The NCDs were issued for a 6-year tenure.
• Lock-in Period: The lock-in period ended on December 28, 2024.
• Payment Method: The principal amount, along with applicable interest, was paid to NCD holders through RTGS.

Company Statement

Urmi Mohan Joiser, Company Secretary, Compliance Officer & Chief Operating Officer of QGO Finance Limited, confirmed the redemption in a statement to the BSE. The company emphasized that this action completes the redemption process for all 200 NCDs originally issued in December 2021 on a private placement basis.

Impact on Shareholding

Concurrent with the NCD redemption, there was a notable change in the company's shareholding structure:

• Rachana Singi, a significant shareholder, sold 1,00,000 shares (1.44% of the total share capital) in an off-market transaction on September 16, 2025.
• Seema Pathak acquired these 1,00,000 shares, increasing her stake in the company.

Shareholding Changes

This transaction has resulted in a slight redistribution of ownership within QGO Finance Limited, with Rachana Singi's stake decreasing and Seema Pathak's stake increasing.

The successful redemption of the NCDs and the accompanying share transaction mark significant financial events for QGO Finance Limited, demonstrating the company's commitment to meeting its debt obligations and the ongoing interest in its equity.