Lancor Holdings Board Approves ₹15 Crore NCD Issuance via Private Placement
Lancor Holdings' board approved issuing ₹15 crore in unlisted, secured NCDs via private placement at 16.5% annual interest, maturing tentatively by 31st October, 2027.
The issuance of ₹15 crore in NCDs represents a significant financing activity, impacting the company's capital structure and future financial commitments. The terms of the NCDs, including interest rate and maturity, will have a medium-term financial impact.
The announcement details a debt fundraising activity through NCDs. While it provides capital, it also introduces debt liabilities with a 16.5% interest rate, making the overall sentiment neutral as it's a standard financing operation.
* Lancor Holdings Limited's Board of Directors, in a meeting held on 30th October, 2025, approved the issuance of Non-Convertible Debentures (NCDs). * The total issue size is ₹15 Crores, with a face value of ₹1,00,000/- (Rupees One Lakhs Only) each, on a private placement basis in one or more tranches. * A total of 1500 NCDs will be issued. * These NCDs will not be listed on any stock exchange. * The tentative maturity date for the debentures is 31st October, 2027. * The NCDs offer a 16.5% per annum cash coupon, compounded monthly and payable quarterly. * Principal repayment will be in 8 equal quarterly installments after a 2-quarter (6-month) moratorium period from the date of allotment. * The debentures are secured and will be redeemed from the sale proceeds of assets.
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Lancor Holdings Limited filed this with the NSE as a statutory disclosure, categorised under board meeting. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Lancor Holdings Limited. Read the original for the full detail.