CSL Finance Proceeds with Second NCD Tranche of Up to Rs. 30 Crores via Private Placement
CSL Finance Limited has announced the issuance of the second tranche of Non-Convertible Debentures aggregating up to Rs. 30 Crores on a private placement basis, forming part of a board-approved programme of up to INR 150 crore. The NCDs, comprising up to 30,000 securities, are proposed to be listed on BSE Limited, with tenure, charge, and redemption terms to be determined as per the Disclosure Document.
*this image is generated using AI for illustrative purposes only.
CSL Finance Limited has announced its decision to proceed with the issuance of the second tranche of Non-Convertible Debentures (NCDs), aggregating up to Rs. 30 Crores, on a private placement basis. This development was disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and follows the Board of Directors' earlier approval dated March 18, 2026.
Board-Approved NCD Programme
The Board of Directors of CSL Finance had previously approved the issuance of non-convertible debentures of various types — whether listed or unlisted, secured or unsecured, rated or unrated — on a private placement basis, in one or more tranches or series, up to an aggregate limit of INR 150 crore. The current second tranche represents a portion of this broader approved programme.
Key Details of the Second Tranche
The following table outlines the key parameters of the second tranche NCD issuance as disclosed by the company:
| Parameter: | Details |
|---|---|
| Type of Securities: | Non-Convertible Debentures (listed/unlisted, secured/unsecured, rated/unrated) |
| Type of Issuance: | Private Placement |
| Size of the Issue: | Up to Rs. 30 Crores |
| Total Number of Securities: | Up to 30,000 |
| Proposed Listing: | Yes — BSE Limited |
| Tenure: | As per the Disclosure Document |
| Charge/Security: | As per the Disclosure Document |
| Special Rights/Privileges: | As per the Disclosure Document |
| Default in Payment: | None |
| Redemption Terms: | To be determined by the Board of Directors or its Management Committee |
Compliance and Regulatory Disclosure
The announcement was made in accordance with Regulation 30 and Regulation 51, read with Para A of Part A of Schedule III of the Listing Regulations, and in line with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company has confirmed that there has been no delay or default in payment of interest or principal for a period of more than three months from any due date.
The terms of each issuance under the NCD programme, including coupon/interest rates, schedule of payments, and redemption details, are to be determined by the Board of Directors or the Management Committee of the Board of Directors, as per the respective Disclosure Document. The disclosure was signed by Preeti Gupta, Company Secretary and Compliance Officer of CSL Finance, on May 12, 2026.
Historical Stock Returns for CSL Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.17% | -4.54% | -5.81% | -25.82% | -29.52% | -1.90% |
How will CSL Finance deploy the Rs. 30 Crore raised through this second tranche, and what impact could it have on the company's loan book growth and profitability?
What coupon rates is CSL Finance likely to offer on these NCDs given the current interest rate environment, and how competitive will they be compared to peer NBFC issuances?
With Rs. 60 Crore potentially raised across two tranches, when might CSL Finance launch subsequent tranches to utilize the remaining Rs. 90 Crore of its board-approved Rs. 150 Crore NCD programme?
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