TruCap Finance Limited has successfully concluded its non-convertible debenture (NCD) redemption process, making the final payment of the remaining 30% principal along with interest, totaling ₹89.49 crore. This marks the complete discharge of the company's payment obligations for its listed NCDs across six ISIN series.

Payment Details

The company made the final payment on September 23, 2025, which was distributed on a pro-rata basis to debenture holders. This payment concludes a series of transactions that began with partial payments made between July 18 and August 8, 2025.

Breakdown of the Final Payment

Delay in Payment

The final payment was made after a delay from the original due date of July 16, 2025. TruCap Finance attributed this delay to liquidity stress and non-receipt of committed funds for redemption. Despite the setback, the company has now fulfilled its obligations, with the outstanding amounts for all NCDs now standing at zero.

Regulatory Compliance

In compliance with SEBI regulations, TruCap Finance Limited filed an intimation under Regulation 51(2) and 57 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This filing, dated October 19, 2025, provided detailed information about the redemption process and interest payments.

Conclusion

With this final payment, TruCap Finance has cleared all outstanding debt related to these NCDs, marking a significant financial milestone for the company. The successful completion of this obligation may help in maintaining investor confidence and fulfilling regulatory requirements.

TruCap Finance Limited, a prominent player in the financial services sector, announced a significant change in its leadership team. Saurabh Sethi, the company's Finance Head and a designated Senior Management Personnel, has submitted his resignation, marking the end of his tenure with the organization.

Resignation Details

According to an official communication from TruCap Finance Limited to the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE), Saurabh Sethi's resignation will take effect from the close of business hours on September 30, 2025. The company's Company Secretary and Compliance Officer, Sonal Sharma, formally notified the stock exchanges about this development.

Regulatory Compliance

The announcement was made in accordance with Regulations 30 and 51, read with Part A of Schedule III of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. This ensures transparency and timely disclosure of material events to the company's stakeholders and the broader market.

Additional Information

TruCap Finance Limited provided further details as required by SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company confirmed that Sethi's departure is categorized as a resignation, and no additional information regarding the appointment of a successor was disclosed in the current notification.

Market Impact

As Finance Head, Saurabh Sethi played a crucial role in TruCap Finance's financial strategies and operations. His departure may be of interest to investors and market analysts who closely follow the company's performance and management changes.

TruCap Finance Limited will likely face questions from stakeholders about the transition plan for this key position and any potential impact on the company's financial management strategies going forward.

The company's board and management will be expected to address the succession plan for the Finance Head role in due course, ensuring a smooth transition and maintaining investor confidence in the company's financial leadership.