Share India Securities to Issue ₹50 Crore in Secured Non-Convertible Debentures
Share India Securities approved issuing up to 5,000 secured, listed, taxable, redeemable Non-Convertible Debentures (NCDs) via private placement, aggregating ₹50 crore, with a 10.50% monthly coupon and quarterly principal payments.
The fundraising of ₹50 crore is a significant amount for the company, which could support its growth and operational needs. However, as it is debt, it comes with repayment obligations and interest costs, classifying the impact as medium rather than high, which might be associated with equity fundraising or major strategic shifts.
The issuance of NCDs represents a debt fundraising activity to secure capital. While it provides funds for business operations, it also incurs a cost of capital (10.50% interest), balancing potential benefits with financial obligations.
Share India Securities Limited announced that its Finance Committee, in a meeting held on October 14, 2025, approved the issuance of up to 5,000 secured, rated, listed, taxable, transferable, redeemable, fully paid-up Non-Convertible Debentures (NCDs) of face value ₹1,00,000 each. The total aggregate amount for this private placement issuance will be up to ₹50,00,00,000 (₹50 crore). * Type of Securities: Secured, listed, rated, taxable, transferable, redeemable, fully paid-up Non-Convertible Debentures. * Issuance Type: Private placement basis. * Issue Size: Up to ₹50,00,00,000 (₹50 crore). * Listing: The NCDs are proposed to be listed on the wholesale debt market (WDM) segment of the BSE Limited. * Tenure: 712 days from the Deemed Date of Allotment. * Coupon/Interest: 10.50% per annum, payable monthly. * Principal Payment Schedule: Quarterly. * Security/Charge: First ranking Pari Passu charge by way of hypothecation on MTF loan receivables, securities for trade, and all present and future current assets (except encumbered cash) with a minimum cover of 1.5x the outstanding amount, along with personal guarantee of promoters. * Default Clause: An additional coupon rate of 2% p.a. will be payable by the Issuer from the date of default until rectified. * Redemption: Debentures will be redeemed in quarterly installments, each amounting to 12.5% of the face value of NCDs.
What to do with a filing like this
Share India Securities 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 Share India Securities Limited. Read the original for the full detail.