SI Capital & Financial Services Limited has successfully raised Rs 2.8 crore through the allotment of secured unlisted redeemable non-convertible debentures (NCDs). The company's Debenture Allotment Committee approved this private placement on November 6, 2025, marking a significant move in its fund-raising efforts.

Key Details of the NCD Issuance

Investor Participation

The private placement attracted four investors:

1. PIT Solutions Private Limited
2. AIALPHA Financial Advisory Services Private Limited
3. Salim KK
4. Raihana Salim

Interest Payment Schedule

The company has outlined a structured interest payment plan:

• First interest payment: From November 6, 2025, to November 25, 2025
• Subsequent payments: On the 25th of every month until October 25, 2030
• Final interest payment: November 6, 2030

Security and Compliance

The NCDs are secured by a first charge on the company's assets, as referred to in Schedule III of the Companies Act, 2013. This security arrangement has been valued by a Registered Valuer and approved by the Board of Directors or its designated committee.

Regulatory Disclosure

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, SI Capital & Financial Services Limited has duly informed the BSE Limited about this development. The Debenture Allotment Committee meeting, which approved this issuance, was held on November 6, 2025, commencing at 11:03 AM and concluding at 11:10 AM.

This strategic move by SI Capital & Financial Services Limited to raise funds through NCDs demonstrates the company's efforts to strengthen its financial position. The successful private placement indicates investor confidence in the company's financial instruments and future prospects.

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.