Usha Financial issues ₹7 cr 12% NCDs

Usha Financial Services Limited has announced the issuance of 700 secured, redeemable, non-convertible debentures (Series Q) aggregating to ₹7 crore. The debentures were issued via private placement with a face value of ₹1,00,000 each. The disclosure was made to the National Stock Exchange of India Limited on May 21, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Series Q debentures carry a fixed coupon rate of 12.00% per annum, which is payable monthly. The tenure of the instrument is set at 4 years. The debentures will be redeemed at par upon maturity. The securities are not proposed to be listed on any stock exchange.

Security Details

The debentures are secured by a first and exclusive charge on identified receivables. This charge is created by way of hypothecation in favour of the Debenture Trustee for the benefit of the debenture holders. The security covers the hypothecated assets as per the terms and conditions stipulated in the agreement.

Key Issue Particulars

S. No.	Particulars	Details
1.	Type of Securities	Secured, Redeemable, Non-Convertible Debentures (Series-Q)
2.	Type of Issuance	Private Placement
3.	Size of the issue	₹7 Crores
4.	Tenure of the instrument	04 years
5.	Coupon/Interest	Fixed- 12.00% per annum payable monthly
6.	Redemption	At par

There are no special rights, interests, or privileges attached to the instrument. The company confirmed that there is no delay in payment of interest or principal amount, nor are there any pending comments from regulatory authorities regarding the security or assets.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.51%	+26.85%	+9.19%	-6.11%	-56.52%	-76.36%

Usha Financial Services Limited held its 1st Extraordinary General Meeting (EGM) for the financial year 2026-27 on Friday, May 15, 2026, via Video Conferencing. The company has submitted the scrutinizer's report to the National Stock Exchange of India Limited, confirming that all nine resolutions listed in the notice were passed with the requisite majority.

Voting Summary

The remote e-voting period was open from May 12, 2026, to May 14, 2026. A total of 39 members cast their votes through the electronic voting system. The scrutinizer, Mr. Mohit Singhal of M/s Mohit Singhal & Associates, validated the process and confirmed the results.

Resolutions Passed

The shareholders approved the appointment of Mr. Nitesh Kumar Jha as an Independent Director and sanctioned an increase in the borrowing limit under Section 180(1)(c). Additionally, the meeting approved seven ordinary resolutions regarding material related party transactions with various entities, including Uninav Developers Private Limited, Nupur Infratech Private Limited, and Nupur Recyclers Limited, among others, for the financial year 2026-27.

Item No.	Description	Resolution Type	Votes For	% For
Item 1	Appointment of Mr. Nitesh Kumar Jha as Independent Director	Special Resolution	32,886,856	100
Item 2	Increase in borrowing limit u/s 180(1)(c)	Special Resolution	32,886,856	100
Item 3	Related Party Transaction with Uninav Developers Private Limited	Ordinary Resolution	292,046	100
Item 4	Related Party Transaction with Nupur Infratech Private Limited	Ordinary Resolution	292,046	100
Item 5	Related Party Transaction with Nupur Recyclers Limited	Ordinary Resolution	292,046	100
Item 6	Related Party Transaction with Nupur Extrusion Private Limited	Ordinary Resolution	292,046	100
Item 7	Related Party Transaction with Nupur Hospitality Private Limited	Ordinary Resolution	292,046	100
Item 8	Related Party Transaction with Tycod Autotech Private Limited	Ordinary Resolution	292,046	100
Item 9	Related Party Transaction with Budget Hotels India Private Limited	Ordinary Resolution	292,046	100

Note: For resolutions 3 through 9, 13 promoter members were ineligible to vote pursuant to Regulation 23(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Consequently, only 26 members were eligible for these resolutions.