QGO Finance Ltd has approved issuance of ₹20 million unsecured, unlisted, redeemable NCDs via private placement. The funds will strengthen liquidity and support lending operations. The move reflects confidence in debt instruments, compliance with SEBI norms, and a focus on financial resilience amid India’s growing credit demand.
QGO Finance Ltd has announced board approval for the issuance of Non-Convertible Debentures (NCDs) worth ₹20 million, marking a strategic move to bolster its funding and expand lending operations. The issuance will be carried out on a private placement basis, with the debentures being unsecured, unlisted, and redeemable, aligning with SEBI’s regulatory framework.
Key Highlights
-
Board approval: The decision was finalized during the company’s recent board meeting, reflecting its proactive approach to capital management.
-
Nature of issuance: The NCDs will be unsecured and redeemable, offering flexibility while diversifying funding sources.
-
Strategic intent: Funds raised are expected to support QGO Finance’s lending portfolio, enhance liquidity, and strengthen its balance sheet.
-
Market impact: While modest in size, the ₹20 million issuance signals confidence in leveraging debt instruments for sustainable growth.
-
Compliance: The move adheres to SEBI’s Listing Obligations and Disclosure Requirements, ensuring transparency and governance.
This issuance highlights QGO Finance’s focus on financial resilience and growth, positioning the company to meet rising credit demand in India’s evolving financial services sector.
Sources: MarketScreener, BSE India, C-Sec News