Laxmi India Finance Approves ₹100 Crore NCD Allotment on Private Placement Basis
Laxmi India Finance Limited approved the allotment of 1,00,000 Non-Convertible Debentures worth ₹100 crore on a private placement basis. The debentures, with a 10.50% annual interest rate, mature on September 02, 2029. The allotment occurred on September 02, 2026.
The issuance of ₹100 crore in NCDs represents a significant fundraising activity for the company, impacting its capital structure and debt levels.
The company has successfully raised debt capital through the issuance of Non-Convertible Debentures, which is a positive development for its financing activities.
Laxmi India Finance Limited (Formerly known as Laxmi India Finance Private Limited) has announced the outcome of its Business Operation Committee Meeting held on September 02, 2026. The committee approved the allotment of 1,00,000 Rated, Listed, Unsubordinated, Secured, Transferable, Redeemable, Non-Convertible Debentures (NCDs) on a private placement basis.
Specifically, 70,000 Series A Debentures with an aggregate nominal value of ₹70,00,00,000 (Seventy Crore Rupees) and 30,000 Series B Debentures with an aggregate nominal value of ₹30,00,00,000 (Thirty Crore Rupees) have been allotted. Each debenture has a face value of ₹10,000.
The NCDs have a tenure of 36 months, with a coupon/interest rate of 10.50% per annum, payable monthly. The allotment date was September 02, 2026, and the maturity date is September 02, 2029. The NCDs are secured by a first and exclusive charge on identified receivables. These debentures are proposed to be listed on the Wholesale Debt Market segment of BSE Limited. The meeting commenced at 03:00 P.M. and concluded at 03:30 P.M.
A plain-language summary of a public exchange filing by Laxmi India Finance Limited. Read the original for the full detail.