NBFC Stock Approves Rs 50 Cr NCD Issue At 10% Coupon Rate Ahead of AGM; Record Date Out Too For Dividend

At its September 4, 2025, Operations and Finance Committee meeting, Paisalo Digital Limited authorized the issue of Non-Convertible Debentures (NCDs) via private placement on the Electronic Bidding Platform (EBP) on Thursday. The company intends to issue 5,000 secured NCDs, each with a face value of Rs 1,00,000, in order to raise up to Rs 50 crore. The NCDs will be listed on the BSE, have a 36-month term, and feature a 10% annual coupon rate. The anticipated date of allotment is September 10, 2025.

Monthly coupon payments will be given to investors, and beginning in the ninth quarter, the principal will be redeemed in four equal quarterly installments.

"The NCDs shall be secured by way of a first ranking Pari-passu charge on loan receivables ("Hypothecated Receivables") to maintain the value of security at all times equal to 1.10 times (One Decimal One Zero times) the aggregate amount of principal and interest outstanding of the NCDs," said Paisalo Digital in a regulatory filing.

According to SEBI regulations, Paisalo Digital Limited has declared that it has fully redeemed and repaid its commercial papers. Two series of commercial papers listed on the BSE were redeemed by the company: one that had a maturity amount of Rs 30 crore (Scrip Code: 729780, ISIN: INE420C14201) and was originally due on September 5, 2025, and another that had a maturity amount of Rs 13 crore (Scrip Code: 727935, ISIN: INE420C14110). Redeeming both series was finished on September 4, 2025, as September 5, 2025, is a banking holiday due to Eid e Milad.

Meanwhile, the NBFC firm has declared that Monday, September 29, 2025 at 12:30 PM will be the date of its 33rd Annual General Meeting (AGM) of members.

"The Company has fixed Monday, September 22, 2025 as the "Cut-off Date/Record Date" for the purpose of determining the members eligible to vote through remote e-voting on the resolutions set out in the Notice of the AGM or to attend the AGM and cast their vote thereat and Final Dividend on fully paid-up equity shares of the Company for the Financial Year ended March 31, 2025. Pursuant to Section 91 of the Companies Act, 2013, Register of Members and Share Transfer Books of the Company shall remain closed from September 23, 2025, to September 29, 2025 (both days inclusive)," said Paisalo Digital in a regulatory filing.

Paisalo Digital has declared a final dividend of Rs 0.10 per share for the financial year FY25. With a market valuation of Rs 3.06KCr, Paisalo Digital Limited is a non-banking financial company.