Dar Credit & Capital clears Rs 20 crore NCD issue to fund lending growth

Dar Credit & Capital Limited, an NBFC listed on NSE Emerge, has cleared a plan to raise up to Rs 20 crore through non-convertible debentures, adding to its diversified debt profile and supporting future loan book growth and liquidity.

The company’s board has approved an issuance of NCDs aggregating up to Rs 200 million (Rs 20 crore). The instruments are expected to be senior debt securities, in line with Dar Credit & Capital’s existing listed NCD structure. As an established debenture issuer with rated NCDs and prior series listed on exchanges, the company continues to rely on bond markets as a key funding channel for its lending business.

The approval comes as Dar Credit & Capital scales its MSME- and retail-focused loan portfolio and manages upcoming debt maturities, making balance-sheet flexibility and liquidity planning particularly important. For investors, the fresh NCDs may offer another high-yield fixed-income option within the NBFC bond space, subject to final terms such as coupon, tenure, security, and listing venue to be detailed in subsequent documentation.

Key highlights

• Dar Credit & Capital Limited approves issuance of NCDs aggregating up to Rs 200 million (Rs 20 crore).
• Purpose is to augment funding for its non-banking finance business and future lending growth.
• Company is an NBFC whose debentures are already listed and rated by CareEdge (CARE BBB-; Stable).
• Board approval aligns with the firm’s strategy of accessing capital markets via bond issuances.
• Detailed terms including coupon rate, tenure, security, and listing to be announced in subsequent offer documents and disclosures.

Sources: Reuters; Dar Credit & Capital Limited; NSE; CareEdge Ratings.