QGO Finance Ltd has announced that its Board will meet on February 26, 2026, to consider raising funds through the issuance of secured non-convertible debentures (NCDs) on a private placement basis. The move reflects the company’s strategy to strengthen its capital structure and support future growth initiatives.
Key Highlights:
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QGO Finance Ltd has scheduled a Board meeting on February 26, 2026, to evaluate proposals for issuing secured non-convertible debentures (NCDs).
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The fundraising will be conducted on a private placement basis, allowing the company to tap institutional investors directly.
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Alongside secured NCDs, the Board will also consider the issuance of unsecured NCDs, broadening its financing options.
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This follows the company’s recent financial disclosures, including un-audited results for Q3 FY2025-26 and the declaration of a third interim dividend, signaling confidence in its operational performance.
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Analysts suggest that secured debentures could provide QGO Finance with long-term funding stability, while offering investors relatively safer instruments backed by collateral.
Contextual Insights:
The decision comes at a time when non-banking financial companies (NBFCs) are increasingly turning to debt instruments to diversify funding sources amid evolving credit market conditions. For QGO Finance, the move underscores its intent to balance growth with prudent capital management. Investors will be watching closely for details on issue size, tenure, and coupon rates once finalized.
Sources: BSE India Announcements, MarketScreener, Economic Times