TruCap Finance Limited has successfully completed its final payment obligations on non-convertible debentures (NCDs), marking the end of a delayed repayment process. The company made its last payments on September 23, 2025, covering the remaining 30% of the principal along with interest.

Payment Details

The repayment covered six ISIN series of NCDs with a total issue size of Rs. 89.49 crores. Here's a breakdown of the payments:

Repayment Timeline

TruCap Finance made the payments in multiple tranches between July 18 and September 23, 2025. This extended repayment period came after the company experienced delays due to liquidity stress and non-receipt of committed funds. The original due date for redemption was July 16, 2025, indicating a delay of over two months.

Financial Implications

With these final payments, TruCap Finance has fully discharged its payment obligations for these listed NCDs. The company's outstanding amounts for these particular debentures now stand at zero, potentially improving its financial standing and credibility with investors.

Liquidity Challenges

The delayed payments highlight the liquidity challenges faced by TruCap Finance. The company's need to make payments in multiple tranches over an extended period suggests it encountered difficulties in meeting its debt obligations on time. This situation underscores the importance of robust liquidity management for financial institutions, especially those dealing with significant debt instruments like NCDs.

Investor Impact

For investors holding these NCDs, the completion of payments brings closure to a period of uncertainty. While the delay may have caused concern, the full repayment of both principal and interest should provide some reassurance. However, the experience may prompt investors to closely monitor the company's financial health and liquidity position in the future.

TruCap Finance's ability to eventually meet its obligations, despite the delay, demonstrates its commitment to fulfilling its financial responsibilities. However, the liquidity stress that led to the payment delays may warrant attention from both investors and financial analysts in assessing the company's future prospects and financial stability.

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.