QGO Finance Limited witnessed a significant change in its shareholding pattern as Rachana Singi, a substantial shareholder, reduced her stake in the company through an off-market transaction.

Transaction Details

Rachana Singi sold 1,00,000 equity shares of QGO Finance Limited to Seema Pathak through an off-market deal. This transaction resulted in a notable decrease in Singi's shareholding in the company:

Impact on Acquirer's Stake

Seema Pathak, the acquirer in this transaction, increased her stake in QGO Finance Limited. The acquisition of 1,00,000 shares represents 1.44% of the total share capital.

Disclosure and Regulatory Compliance

This transaction falls under the purview of the Securities and Exchange Board of India (SEBI) regulations, specifically those related to substantial acquisitions of shares and takeovers.

Company Overview

QGO Finance Limited's total equity share capital consists of 69,52,800 shares, each with a face value of Rs. 10. The company's shares are listed on BSE Limited.

Investor Status

Seema Pathak, the acquirer, does not belong to the promoter or promoter group of QGO Finance Limited. Her acquisition represents an increase in her individual stake in the company.

Market Implications

This off-market transaction represents a substantial decrease in Singi's holdings and an increase in Pathak's stake. Such deals can sometimes signal shifts in investor positioning or confidence. However, investors are advised to conduct their own research and due diligence when making investment decisions.

QGO Finance Limited has announced the allotment of non-convertible debentures (NCDs) worth Rs 1.00 crore, marking its 38th tranche of allotment in an ongoing issue. The company, headquartered in Navi Mumbai, made this disclosure in compliance with regulatory requirements.

Key Details of the NCD Allotment

Board Approval and Regulatory Compliance

The allotment was approved through a board resolution passed by circulation on August 6, 2025. QGO Finance Limited has duly informed the BSE Ltd. about this development, adhering to Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015.

Issue Progress and Remaining Allotment

This latest allotment represents the 38th tranche of a larger issue totaling Rs 1.50 crore. With the current allotment of 100 NCDs, the company has 50 securities still pending allotment to complete the full issue size.

Listing Status

The company has confirmed that these non-convertible debentures will not be listed on any stock exchange, maintaining their status as unlisted securities.

Company Background

QGO Finance Limited, with its Corporate Identification Number (CIN) L65910MH1993PLC302405, operates from its registered office at 3rd Floor, A-514, TTC Industrial Area, MIDC, Mahape, Navi Mumbai - 400701.