QGO Finance Approves Rs 2 Crore Secured NCD Issuance on Private Placement Basis

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

Parameter	Details
Type of Securities	Secured, Unlisted, Redeemable Non-Convertible Debentures (NCDs)
Number of NCDs	400
Total Issue Size	Rs 2.00 crores
Interest Rate	12.00% per annum
Interest Payment	Monthly
Tenure	84 months (7 years)
Issuance Method	Private Placement
Listing Status	Unlisted
Security	First pari passu charge on the company's identified receivables

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.65%	-5.75%	+1.47%	-14.36%	-21.48%	+176.36%

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:

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.
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

Shareholder	Before Transaction	After Transaction	Change
Rachana Singi	41,04,956 (59.04%)	40,04,956 (57.61%)	-1.44%
Seema Pathak	1,67,128 (2.40%)	2,67,128 (3.84%)	+1.44%

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.