Supra Pacific Financial Services Limited has completed the allotment of its Non-convertible Debentures (NCDs) following the Board meeting held on January 1, 2026. The company allotted 70,000 NCDs worth ₹7.00 crores while withdrawing ₹23.00 crores from the originally approved ₹30.00 crore issuance, as disclosed in its regulatory filing under Regulation 30 of SEBI Listing Regulations.

Board Meeting Outcome and Allotment Details

The Board meeting held on January 1, 2026, commenced at 10:30 AM and concluded at 12:30 PM, addressing the allotment of secured, unrated, unlisted Non-convertible Debentures on a private placement basis. The company maintained its strategy of targeting investors with minimum subscription exceeding ₹1 crore.

NCD Structure and Payment Schedule

The allotted NCDs carry an interest rate of 11.50% with a tenure of 13 months, maturing on February 1, 2027. The debentures are secured against the current assets of the company and will remain unlisted and unrated, maintaining the original structure approved by the Board.

Interest and Principal Payment Timeline

The company has established a comprehensive monthly interest payment schedule starting from February 1, 2026, through February 1, 2027. The principal amount will be redeemed on the maturity date of February 1, 2027.

Regulatory Compliance and Disclosure

The company has fulfilled all disclosure requirements under Regulation 30 of SEBI Listing Regulations and SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The filing confirms no delays in payment history, no special rights attached to the instruments, and no cancellation or termination proposals for the securities issuance. The Board also reviewed minutes from previous Board and Committee meetings as part of standard governance practices.

The partial allotment of ₹7.00 crores against the approved ₹30.00 crore NCD issuance reflects a strategic approach to capital management, allowing Supra Pacific Financial Services to maintain flexibility in its fundraising initiatives while securing immediate capital requirements through the NBFC's diversified funding strategy.

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.