Transwarranty Finance Approves Issuance of Unlisted NCDs Up to ₹6.51 Crore
Transwarranty Finance Limited's Board approved the issuance of Unlisted Non-Convertible Debentures (NCDs) via private placement. The total issue size is up to ₹6.51 Crore. This includes Secured NCDs up to ₹1.51 Crore (13-month tenure, 11.75% coupon) and Unsecured NCDs up to ₹5 Crore (3-5 year tenures, 11.25%-11.50% coupons).
The issuance of NCDs up to ₹6.51 Crore is a material financing event for a company like Transwarranty Finance Limited. It impacts the company's capital structure and debt levels, which can influence its financial leverage and future interest expenses.
The announcement details the company's decision to raise debt through NCD issuance, which is a routine financing activity. While it provides capital, it also increases leverage. The terms are specific but do not indicate a significant positive or negative shift in the company's immediate financial standing.
Transwarranty Finance Limited announced today, July 10, 2026, that its Board of Directors has approved the issuance of Unlisted Non-Convertible Debentures (NCDs) on a private placement basis. The meeting commenced at 2:30 pm and concluded at 3:15 pm.
The issuance includes Secured Non-Convertible Debentures (NCDs) of Type A for an amount up to ₹1.51 Crore, with a tenure of 13 months and a coupon rate of 11.75% per annum, payable quarterly. Minimum subscription for these is ₹20 lakhs.
Additionally, the company will issue up to 50 nos. of Special Category of Unlisted, Unsecured, Redeemable Non-Convertible Debentures (Unsecured NCDs Type B) with a face value of ₹10,00,000 each, for an amount up to ₹5 Crore. These have tenures of 3 years and 5 years, with coupon rates of 11.25% p.a. and 11.50% p.a. respectively, payable quarterly. The minimum subscription for these is ₹2 lakhs.
A special category of unsecured NCDs is also being issued for an amount of ₹1 Crore or more per investor, with a tenure of 367 days and a coupon rate of 12.00% per annum, payable quarterly. The minimum application for this category is ₹1 Crore.
The total size of the issue is up to ₹6,51,00,000 (Rupees Six Crore Fifty One Lakh only). The Secured Debentures will be secured by a pari-passu charge on certain current assets of the Company, while the Unsecured NCDs will not have any charge or security. The company's website will host this intimation.
What to do with a filing like this
Transwarranty Finance 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 Transwarranty Finance Limited. Read the original for the full detail.