Shalibhadra Finance approves ₹24 crore NCD issuance on private placement
- Board approved issuance of up to ₹24 crore in non-convertible debentures
- Debentures are senior, secured, and rated instruments
- Issue is structured as a private placement basis
- Securities are proposed for listing on BSE Limited
*this image is generated using AI for illustrative purposes only.
Shalibhadra Finance Limited approved the issuance of non-convertible debentures worth up to ₹24 crore on a private placement basis. The decision was taken during a board meeting held on October 13, 2026.
The instruments are senior, secured, rated, listed, redeemable, and transferable. They will be listed on the BSE. Specific terms regarding coupon rates, maturity dates, and security charges are to be defined in the transaction documents.
Key Issue Details
| Particulars | Details |
|---|---|
| Instrument Type | Senior, secured, rated, listed, redeemable, transferable, non-convertible debentures |
| Issuance Mode | Private placement |
| Aggregate Value | Up to ₹24 crore |
| Listing Exchange | BSE Limited |
| Maturity & Coupon | To be set out in transaction documents |
Regulatory Compliance
The approval aligns with Regulation 30 read with Schedule III of the SEBI Listing Regulations. The company also referenced SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The board meeting commenced at 3:30 pm and concluded at 7:00 pm.
What the Numbers Show
The move to raise funds through debt rather than equity suggests a preference for maintaining existing shareholding patterns while expanding the balance sheet. As an NBFC, securing capital through private placement NCDs allows for targeted funding without diluting equity value.
Historical Stock Returns for Shalibhadra Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.88% | -0.89% | -6.92% | -9.82% | -9.82% | -9.82% |
How will the final coupon rate and maturity profile of the ₹24 crore NCDs impact Shalibhadra Finance's weighted average cost of funds compared to its current debt mix?
What specific asset classes or lending segments will Shalibhadra Finance prioritize deploying this capital into, and how does this align with their recent portfolio growth trends?
Given the private placement nature of the issue, what credit rating agency assessments are expected, and how might the rating influence future borrowing costs for the NBFC?
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