Supra Pacific Financial Services Limited , a non-banking financial company (NBFC), has taken a step to bolster its funding options. The company's Board of Directors, during a meeting held on November 27, 2025, approved the issuance of secured, unrated, unlisted Non-convertible Debentures (NCDs) for an aggregate amount of up to Rs. 10 crore.

NCD Issuance Details

The approved NCD issuance falls under a category with a maximum subscription of less than Rs. 1 crore per investor. This move may be aimed at diversifying the company's funding sources and potentially lowering its cost of capital.

Financial Position

An analysis of Supra Pacific's balance sheet reveals a company in a phase of substantial growth:

The company has demonstrated significant growth across key financial metrics. Total assets have increased by 83.97% year-over-year, indicating rapid expansion. This growth is supported by increases in both current and fixed assets, which have risen by 42.53% and 25.99% respectively.

Implications of NCD Issuance

The decision to issue NCDs comes at a time when Supra Pacific's balance sheet shows strong growth. The additional Rs. 10 crore from the NCD issuance could potentially support the company's expansion strategy. However, it's important to note that this will also increase the company's debt obligations.

Conclusion

Supra Pacific Financial Services Limited's approval of the Rs. 10 crore NCD issuance represents a strategic move that may capitalize on its growth trajectory. As the company continues to expand its asset base, this additional funding could provide capital to support its growth momentum. Investors and market watchers may keep a close eye on how the company utilizes these funds and manages its increased liabilities.

Supra Pacific Financial Services Limited has announced the withdrawal of its In-Principle Approval Application from the Bombay Stock Exchange (BSE) and the cancellation of its proposed preferential issue of equity shares. This decision comes in the wake of regulatory observations and BSE queries that highlighted the non-permissibility of issuing equity shares against non-cash consideration for immovable property acquisition under the current SEBI ICDR (Issue of Capital and Disclosure Requirements) framework.

Key Details of the Withdrawn Application

The company had initially planned two preferential issues:

Reasons for Withdrawal

The Board of Directors, in a meeting held on November 21, considered several factors before deciding to withdraw the application:

1. Queries raised by BSE Limited in Case No. 243437 dated August 20.
2. Regulatory observations received regarding the proposed preferential issue.
3. Professional opinion on the permissibility of issuing equity shares for non-cash consideration under SEBI regulations.

Regulatory Non-Compliance

After reviewing Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, the Board concluded that:

• Issuing equity shares on a preferential basis against non-cash consideration for acquiring immovable property is not permissible under the current SEBI ICDR framework.
• The proposed preferential issues no longer align with the applicable regulatory framework and the previously approved objectives.

Future Plans

The company has stated that any future fund-raising proposals will be considered afresh in compliance with applicable laws and presented to the Board separately with appropriate justification.

Corporate Action Timeline

The Managing Director, Joby George, has been authorized to submit the necessary withdrawal communication to BSE Limited and complete all related formalities.

This development underscores the importance of regulatory compliance in corporate actions and highlights the scrutiny that preferential share issues face, especially when involving non-cash considerations.