Transwarranty Finance Limited (TFL) has announced the appointment of Mr. Ashok Parumal Nawany as an Independent Director, marking a significant addition to its board. The appointment, which takes effect from November 8, 2025, is subject to member approval and comes with a five-year term ending on November 7, 2030.

Board Approval and Regulatory Compliance

The decision to appoint Mr. Nawany was made by TFL's Board of Directors, following a recommendation from the Nomination, Remuneration and Compensation Committee. In line with regulatory requirements, TFL has confirmed that Mr. Nawany is not debarred from holding a directorship by the Securities and Exchange Board of India (SEBI) or any other authority.

Appointment Details

Professional Background

Mr. Nawany brings a wealth of experience to his new role at Transwarranty Finance Limited:

• Nearly four decades of leadership experience
• Instrumental in the growth of Nawany Group
• Strong position in industrial and commercial real estate sector
• Focus on quality construction and timely project execution
• M.A. in Leadership Sciences from Mumbai University

Key Strengths

Mr. Nawany's appointment is expected to benefit TFL through his expertise in:

• Entrepreneurial leadership
• Strategic planning
• Relationship building
• Mentoring teams
• Driving organizational clarity and discipline

This strategic appointment aligns with TFL's commitment to strengthening its board with experienced professionals. Mr. Nawany's extensive background in real estate and leadership is anticipated to provide valuable insights to the company's operations and strategic direction.

The appointment of Mr. Nawany as an Independent Director underscores Transwarranty Finance Limited's focus on enhancing its corporate governance and bringing diverse expertise to its board. As the company moves forward, stakeholders will be keen to observe how Mr. Nawany's experience and leadership contribute to TFL's growth and strategic initiatives in the coming years.

Transwarranty Finance Limited has announced plans to raise up to Rs 12.95 crore through the issuance of unlisted Non-Convertible Debentures (NCDs) on a private placement basis. The company's Board of Directors has given the green light for this strategic financial move, which includes a diverse range of debenture offerings.

NCD Offering Details

The NCD issuance comprises three distinct categories:

1. Secured NCDs: 295 debentures at Rs 1 lakh each
2. Unsecured NCDs: 500 debentures at Rs 1 lakh each
3. Special Category Type B NCDs: 50 debentures at Rs 10 lakh each

Terms and Conditions

The secured NCDs will be backed by a pari-passu charge on certain current assets of the company, providing an additional layer of security for investors. It's worth noting that these NCDs will not be listed on any stock exchanges, making them a private investment opportunity.

Implications for Investors

This move by Transwarranty Finance Limited presents a potentially attractive investment option for private investors looking for fixed-income securities. The varying tenures, interest rates, and payment frequencies across the different NCD types offer flexibility to suit different investor preferences.

The higher interest rates on the unsecured and special category NCDs reflect the increased risk associated with these instruments, as they lack the asset-backed security of the secured NCDs.

Company Strategy

By opting for unlisted NCDs, Transwarranty Finance Limited is likely aiming to raise capital without the regulatory complexities and costs associated with public listings. This private placement approach allows the company to tap into funds from a select group of investors, potentially streamlining the fundraising process.

The diverse NCD offering suggests a strategic approach to cater to different investor segments and optimize the company's debt structure. The funds raised could be utilized for various purposes such as expanding operations, refinancing existing debt, or strengthening the company's financial position.

As this is a private placement, potential investors would need to conduct thorough due diligence and consider their risk appetite before participating in this NCD issuance.