SI Capital & Financial Services Limited has announced a significant move in its fund-raising strategy. The company's Board of Directors has approved a proposal for issuing Secured Unlisted Redeemable Non-Convertible Debentures (NCDs) worth up to Rs 300.05 crore through private placement.

Key Details of the NCD Issuance

The company plans to issue 30,500 NCDs, each with a face value of Rs 1,000. The issuance offers four investment schemes with varying tenures and interest rates:

Security and Tenure

The debentures will be secured by a first charge on the company's assets, as referred to in Schedule III of the Companies Act, 2013. The assets will be valued by a Registered Valuer, with the final decision resting with the Board of Directors or a designated committee.

The maximum tenure for these NCDs is set at 60 months, with specific allotment and maturity dates to be determined by the Board at a later stage.

Investor Details and Listing Status

The names and number of investors for this private placement will be decided by the Board of Directors or a committee thereof before the issuance of the Offer Letter. These NCDs will not be listed on any stock exchange.

Corporate Governance

The decision to approve this fund-raising proposal was made during a Board meeting held on October 23, 2025. The meeting commenced at 11:35 AM and concluded at 11:50 AM.

This strategic decision by SI Capital & Financial Services Limited to raise funds through NCDs could potentially strengthen the company's financial position and support its future growth initiatives.

SI Capital & Financial Services Limited, a financial services company based in Tamil Nadu, has announced a move to raise funds through the issuance of Non-Convertible Debentures (NCDs). The company's Board of Directors approved a proposal to issue Secured Unlisted Redeemable NCDs worth up to Rs 56.50 lakhs through private placement.

Key Details of the NCD Issuance

Security and Regulatory Compliance

The NCDs will be secured by a first charge on the company's assets, in accordance with Schedule III of the Companies Act, 2013. The assets will be valued by a Registered Valuer, with the final decision on the security structure to be made by the Board of Directors or a designated committee.

Board Meeting and Disclosure

The decision was made during a Board meeting held on September 25, which lasted for 20 minutes from 3:00 PM to 3:20 PM. In compliance with regulatory requirements, SI Capital & Financial Services Limited promptly informed the BSE Limited about the outcome of the meeting and the details of the proposed NCD issuance.

Investor Information

The specific investors for this private placement have not been named. The company stated that the Board of Directors or a designated committee would decide on the investors before issuing the offer letter for the NCDs.

Listing Status

These NCDs will be unlisted, meaning they will not be traded on any stock exchange.

This move by SI Capital & Financial Services Limited to raise funds through NCDs could potentially strengthen its financial position and provide capital for future initiatives. Investors and stakeholders should carefully consider the terms and risks associated with such debt instruments.