Lancor Holdings Board Approves ₹15 Crore NCD Issuance via Private Placement
Lancor Holdings Board approved issuing Non-Convertible Debentures (NCDs) totaling ₹15 crore through private placement. These NCDs will have a 16.5% annual coupon and mature tentatively on 31 October 2027.
The fundraising of ₹15 crore through NCDs is a substantial financial event that will impact the company's debt structure and financing costs. It is a material event for the company's balance sheet and future financial performance.
The issuance of NCDs provides capital for the company, which is a positive for funding. However, the high interest rate of 16.5% per annum could be a significant cost, balancing the positive aspect of securing funds.
Lancor Holdings Limited's Board of Directors, in a meeting held on 30 October 2025, approved the issuance of Non-Convertible Debentures (NCDs) aggregating to ₹15 crore. The key details of the issuance are: * Type of securities: Non-Convertible Debentures * Type of Issue: Private placement preferential basis * Total number of securities: 1500 NCDs, each with a face value of ₹1 lakh * Size of the issue: ₹15 crore * Listing: Not proposed to be listed * Tenure: Maturity tentatively on 31 October 2027 * Coupon/Interest: 16.5% per annum cash coupon, compounded monthly and payable quarterly * Payment Schedule: 8 equal quarterly installments post a principal moratorium period of 2 quarters (6 months) from the allotment date * Security: Secured debentures as per transaction documents * Default clause: 3% per month until default is corrected for delays in payment of interest/principal exceeding three months
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Lancor Holdings Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. 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.