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.

SI Capital & Financial Services Limited, a financial services company based in Tamil Nadu, has announced a crucial board meeting scheduled for September 25, 2025. The meeting, to be conducted via video conferencing, will focus on exploring various fund-raising options for the company.

Key Points of the Upcoming Meeting

• Date and Mode: The board meeting is set for Thursday, September 25, 2025, and will be held through video conferencing or other audio-visual means.

• Primary Agenda: The board will consider multiple options for raising funds through borrowings.

• Potential Instruments: The company is evaluating the issuance of redeemable non-convertible debentures in both onshore and offshore markets.

• Issuance Methods: The board will discuss various modes of fund-raising, including private placement, preferential allotment, or other suitable methods based on prevailing market conditions.

Regulatory Compliance

The company has duly informed the BSE Limited about this upcoming board meeting, adhering to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This prior intimation demonstrates SI Capital & Financial Services' commitment to transparency and regulatory compliance.

Company Background

SI Capital & Financial Services Limited is listed on the BSE with the scrip code 530907. The company's registered office is located in Pollachi, Coimbatore, Tamil Nadu. As a financial services provider, the company's decision to explore fund-raising options could have significant implications for its future growth and operations.

Implications

The outcome of this board meeting could potentially impact the company's financial structure and future business strategies. Investors and stakeholders will likely be keen to learn about the decisions made regarding the fund-raising initiatives, as these could influence the company's financial position and market performance in the coming months.

As the financial services sector continues to evolve, SI Capital & Financial Services' proactive approach to exploring diverse funding options reflects its efforts to strengthen its financial foundation and potentially expand its business operations.

Investors and market observers are advised to stay tuned for further updates following the board meeting on September 25, 2025, as the company may release additional information about its fund-raising plans and strategies.