TruCap Finance
6.75
-0.14(-2.03%)
Market Cap₹80.23 Cr
PE Ratio-0.53
Company Performance:
1D-2.03%
1M-12.90%
6M-31.33%
1Y-38.69%
5Y-91.15%
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More news about TruCap Finance
22Oct 25
TruCap Finance Fulfills Final NCD Payment Obligations After Delay
TruCap Finance Limited has finalized its payment obligations on non-convertible debentures (NCDs) worth Rs. 89.49 crores. The company made its last payments on September 23, 2025, covering the remaining 30% of the principal (Rs. 21.54 crores) and interest (Rs. 21.02 lakhs). The repayments, originally due on July 16, 2025, were made in multiple tranches between July 18 and September 23, 2025, due to liquidity stress. With these payments, TruCap Finance has fully discharged its obligations for these listed NCDs.
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19Oct 25
TruCap Finance Completes ₹89.49 Crore NCD Redemption, Clearing All Outstanding Debt
TruCap Finance Limited has concluded its non-convertible debenture (NCD) redemption process by making the final payment of ₹89.49 crore, covering the remaining 30% principal and interest. This payment, made on September 23, 2025, completes the company's obligations for six ISIN series of listed NCDs. The final payment was delayed from the original due date of July 16, 2025, due to liquidity stress. TruCap Finance has now cleared all outstanding debt related to these NCDs, with the amounts for all NCDs now at zero.
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30Sept 25
TruCap Finance's Finance Head Saurabh Sethi Steps Down
Saurabh Sethi, Finance Head and Senior Management Personnel at TruCap Finance Limited, has submitted his resignation effective September 30, 2025. The company notified the BSE and NSE of this change in leadership, complying with SEBI regulations. No information about a successor was provided in the announcement.
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23Sept 25
TruCap Finance Terminates Share Purchase and Securities Subscription Agreements with Marwadi Chandarana
TruCap Finance Limited has announced the termination of significant agreements with Marwadi Chandarana Intermediaries Brokers Private Limited. The terminated agreements include a share purchase agreement for 3,68,00,220 equity shares and a securities subscription agreement for 11,56,80,000 equity shares and 9,37,00,000 convertible warrants. This termination prevents Marwadi Chandarana from gaining control over TruCap Finance and joining its promoter group. While TruCap Finance states that the termination doesn't materially impact operations, the expected fund infusion from the equity shares and convertible warrants subscription will not occur.
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22Jul 25
TruCap Finance Faces Severe Credit Crunch as Ratings Plummet to 'Default' Grade
TruCap Finance Limited, an NBFC, has been downgraded to default levels by major credit rating agencies after failing to meet debt obligations. CARE Ratings downgraded its long-term bank facilities and non-convertible debentures, while Infomerics lowered ratings on bank facilities. The company defaulted on ₹72.28 crore interest and principal payments due July 16. Factors contributing to the crisis include non-receipt of committed funds from new promoter, premature redemption demands, and severe liquidity pressure. TruCap's financial performance has declined, with a shift from profit to significant loss and increased gross NPAs. The company's liquidity is strained with debt repayments of ₹103.00 crore due against ₹57.00 crore in cash equivalents.
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27Feb 25
Trucap Finance Divests Gold Loan Business to Incred Financial Services for ₹330 Crore
Trucap Finance has announced the sale of its entire gold loan business to Incred Financial Services for approximately ₹330 crore (₹3.3 billion). This strategic move could reshape the gold loan segment's competitive landscape. The deal suggests Trucap may be streamlining operations to focus on core business areas or strengthen its balance sheet, while Incred gains an opportunity to expand its presence in the gold loan market. The transaction could signal shifting priorities in the NBFC sector as companies realign portfolios to adapt to market conditions.
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25Feb 25
Trucap Finance to Sell Gold Loan Business to InCred for ₹330 Crore
Trucap Finance Limited has signed a binding term sheet with InCred Financial Services Limited to sell its entire gold loan business for approximately ₹330 crore. The deal, structured as a slump sale, includes assets, liabilities, and trademarks related to 'Dhanvarsha'. Expected to close by April 2025, this move will significantly reduce Trucap's debt, enhance net worth, improve balance sheet leverage to below 1.5x, and optimize cost structure by over 70%. Post-sale, Trucap will focus on green energy finance and MSME business loans, with a combined AUM exceeding ₹450 crore as of December 31, 2024.
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TruCap Finance
6.75
-0.14
(-2.03%)
1 Year Returns:-38.69%
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