S.I.Capital & Financial Services Limited has successfully concluded its Board of Directors meeting on March 07, 2026, with the formal approval of a fund raising proposal worth Rs 50.00 lakhs through secured unlisted redeemable non-convertible debentures (NCDs). The meeting, conducted via video conferencing from 11:05 AM to 11:20 AM, resulted in unanimous board approval for the private placement issuance.

Board Meeting Outcome and Regulatory Compliance

The board meeting resulted in the formal approval of the NCD issuance structure, with the company maintaining full compliance with SEBI Regulation 30. The outcome notification was submitted to BSE Limited on the same day, ensuring transparency and regulatory adherence. Company Secretary Sujith K Ravindranath digitally signed the regulatory filing at 11:25:49 AM on March 07, 2026.

NCD Issuance Structure and Specifications

The approved fund raising involves the issuance of 5,000 NCDs with a face value of Rs 1,000 each, aggregating to a maximum amount of Rs 50.00 lakhs. The debentures will be secured by a first charge or charge ranking pari passu with the first charge on assets as per Schedule III of the Companies Act, 2013, valued by a registered valuer.

Investment Terms and Interest Structure

The NCDs are structured under Scheme I, offering attractive terms to potential investors. The debentures carry a 12.00% interest rate with monthly payment frequency, providing regular income to debenture holders throughout the investment tenure.

Security Framework and Asset Coverage

The NCDs will be secured by assets valued by a registered valuer, ensuring comprehensive investor protection through tangible security coverage. The security structure involves a first charge or charge ranking pari passu with the first charge on any assets referred to in Schedule III of the Companies Act, 2013.

Final Implementation and Investor Selection

The final selection of investors and specific terms will be determined by the Board of Directors or its designated committee before issuing the offer letter. The detailed information has been made available on the company's website at www.sicapital.co.in , ensuring complete transparency for all stakeholders and maintaining regulatory compliance throughout the issuance process.

SI Capital & Financial Services Limited's board of directors has approved a significant capital raising initiative through a rights issue proposal worth up to ₹10 crore. The decision was taken during a board meeting held on February 20, 2026, marking an important step in the company's fundraising strategy.

Rights Issue Details

The board approved the proposal for issuing equity shares with specific parameters outlined for the rights offering:

The rights issue will be offered to eligible equity shareholders of the company as on the record date, which will be notified subsequently. The issuance will be conducted in accordance with applicable laws, including SEBI regulations for capital issuance and listing obligations.

Board Committee Formation

The board constituted a dedicated rights issue committee to oversee the entire process and make crucial decisions regarding the offering. The committee will be responsible for determining several key aspects of the rights issue:

• Setting the record date for eligible shareholders
• Determining the rights issue price
• Finalizing the rights entitlement ratio
• Appointing intermediaries for the issue
• Deciding other terms and conditions

Meeting and Regulatory Compliance

The board meeting was conducted efficiently, commencing at 03:30 PM and concluding at 03:50 PM on February 20, 2026. The company initially filed the outcome with BSE but subsequently received guidance to resubmit with additional disclosures as per SEBI circular dated November 11, 2024.

Regulatory Framework

The rights issue will be conducted under comprehensive regulatory oversight, ensuring compliance with multiple frameworks. The company will adhere to Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, and Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with relevant SEBI circulars and Companies Act, 2013 provisions.

The company secretary and compliance officer, Sujith K Ravindranath, signed the regulatory filings, ensuring proper documentation and compliance with exchange requirements. The revised filing incorporated all requisite disclosures as prescribed under the SEBI circular for corporate announcements related to securities issuance.