Avonmore Capital to Raise ₹60 Crore via NCDs; AGM on Sep 30
Avonmore Capital's Board approved raising up to ₹60 crore via Non-Convertible Debentures (NCDs) on a private placement basis. The company also scheduled its Annual General Meeting (AGM) for September 30, 2026, and approved the Directors' Report for FY26.
Raising ₹60 crore through NCDs can impact the company's capital structure and financial leverage. The AGM is a standard corporate event.
The company is planning to raise funds and has scheduled its AGM, indicating proactive management and corporate governance.
Avonmore Capital & Management Services Limited announced the outcome of its Board Meeting held on September 01, 2026. The Board approved the Notice of the Annual General Meeting and the Directors' Report for the financial year ended March 31, 2026. The Annual General Meeting is scheduled to be held on Wednesday, September 30, 2026.
Furthermore, the Board has granted in-principle approval for raising funds up to ₹60 crore through the issuance of unlisted, secured, and redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The authority to finalize the terms and conditions for the NCD issuance has been delegated to the Committee of Further Issue of Securities. The Board meeting commenced at 12:30 p.m. IST and concluded at 1:25 p.m. IST.
A plain-language summary of a public exchange filing by Avonmore Capital & Management Services Limited. Read the original for the full detail.