QGO Finance Limited , a Mumbai-based financial services company, has announced a significant move in its capital raising strategy. The company's Board of Directors has approved the issuance of Non-Convertible Debentures (NCDs) worth Rs 2 crores through private placement.

Key Details of the NCD Issuance

The company plans to issue these NCDs under Tranche-III on a private placement basis.

Purpose and Implications

While the specific use of funds has not been disclosed, the issuance of NCDs is often undertaken by companies to raise capital for various purposes such as expansion, debt refinancing, or working capital requirements. The choice of unlisted NCDs suggests that QGO Finance is targeting a select group of investors rather than seeking funds from the public markets.

Investor Considerations

Potential investors should note that these NCDs are secured by a first pari passu charge on the company's identified receivables. This security feature, combined with the high interest rate of 12.00% per annum payable monthly, may be attractive to investors seeking regular income streams with some level of asset backing.

Regulatory Compliance

QGO Finance Limited has made this disclosure in compliance with regulatory requirements. The approval of this NCD issuance represents a significant corporate action, potentially impacting the company's financial structure and future prospects.

QGO Finance Limited has announced its unaudited financial results for the second quarter and half year ended September 30, 2025, revealing a modest increase in profitability and several strategic decisions.

Financial Performance

The company reported a net profit of Rs. 84.20 lakhs for Q2 2025, up from Rs. 76.16 lakhs in the same quarter last year, marking a 10.56% increase. For the half year, net profit stood at Rs. 161.89 lakhs, slightly lower than the Rs. 163.52 lakhs reported in the previous year.

Total revenue from operations for Q2 2025 was Rs. 420.80 lakhs, compared to Rs. 416.19 lakhs in Q2 2024, showing a marginal increase of 1.11%.

Key Financial Highlights

All figures in Rs. lakhs

Interim Dividend Declaration

The Board of Directors has declared a second interim dividend of Rs. 0.15 per equity share (1.5% on face value of Rs. 10) for the financial year 2025-26. This dividend is payable within 30 days to shareholders on record as of November 21, 2025.

Strategic Developments

QGO Finance has approved a co-lending arrangement with Choice Finserv Private Limited. This arrangement, which includes the execution of a Memorandum of Understanding (MoU) and a Co-Lending Master Agreement, aligns with the guidelines issued by the Reserve Bank of India (RBI) on the Co-Lending Model for Non-Banking Financial Companies (NBFCs).

Financial Position

As of September 30, 2025, QGO Finance reported a total loan book of Rs. 101.93 crores. During the quarter, the company also raised Rs. 1.63 crore through the issuance of secured non-convertible debentures, potentially strengthening its capital position.

Company Overview

QGO Finance Limited, with its registered office in Navi Mumbai, operates in the financial services sector. As of March 31, 2025, the company had a paid-up equity share capital of Rs. 6.95 crores and a net worth of Rs. 18.11 crores.

The financial results and strategic decisions announced by QGO Finance reflect the company's efforts to maintain growth and explore new business opportunities in the evolving financial landscape.