Lancor Holdings Board Approves NCD Issuance of ₹15 Crore
Lancor Holdings' board approves issuing Non-Convertible Debentures of ₹15 crore via private placement with a 16.5% interest rate, maturing on 31 Oct 2027.
The issuance of NCDs for ₹15 crore is likely to have a moderate impact on the company's financials and investment activities.
The announcement indicates a positive development for the company as it secures funding through the issuance of NCDs.
* Board approved the issuance of Non-Convertible Debentures (NCDs) aggregating to ₹15 crore. * Face value of each NCD is ₹1 lakh. * The NCDs will be issued on a private placement basis in one or more tranches. * Maturity Date : 31 October 2027 (Tentative). * The coupon/interest offered is 16.5% per annum, compounded monthly and payable quarterly. * Schedule of payment of coupon/interest and principal: 8 equal Quarterly installments post the Principal moratorium period of 2 Quarters (6 months) from the date of allotment of the Debentures. * The debentures are secured as per the transaction documents. * The Board Meeting commenced at 10:00 AM and concluded at 11:45 AM on 30 October 2025.
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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.