Unifinz Capital India Limited had informed that the meeting of the Finance Committee of the Board of Directors of the Company was held on April 23, 2026, and the Finance Committee has, inter-alia, approved the allotment of 57,900 listed, rated, senior, secured, taxable, transferable, redeemable, non-convertible debentures denominated in Indian Rupees ("INR"), having a face value of INR 10,000 each and an aggregate nominal value of INR 579 million issued on a private placement basis. The Debentures have been issued by the Company on a private placement basis. The Debentures are proposed to be listed on the Wholesale Debt Market segment of BSE Limited.
The issue price is INR 10,000 per Debenture. Date of allotment is April 23, 2026 ("Deemed Date of Allotment"). Date of maturity is April 23, 2028 ("Final Redemption Date").
Tenure is 24 months from the Deemed Date of Allotment. Coupon Rate is 13% per annum (fixed), payable monthly. The interest/coupon in respect of the Debentures is payable by the Company on a monthly basis in accordance with the Transaction Documents.
Principal Payment Date: The principal amounts in respect of the Debentures are payable by the Company on the Final Redemption Date in accordance with the Transaction Documents. The Debentures and the outstanding amounts in respect of the Debentures shall be secured on or prior to the Deemed Date of Allotment by way of (a) a first ranking exclusive and continuing charge to be created in favour of the debenture trustee pursuant to an unattested deed of hypothecation executed or to be executed and delivered by the Company in a form acceptable to the Debenture Trustee over certain identified book debts/receivables of the Company as described therein (the "Hypothecated Assets"), and (b) such other security interest as may be agreed between the Company and the holders of the Debentures. The value of the Hypothecated Assets shall at all times, commencing from the Deemed Date of Allotment and until the Debentures are fully redeemed, be at least 1.20 times the value of the outstanding amounts in respect of the Debentures.
The Debentures have been rated "BBB-/Stable" by CRISIL Ratings Limited. All rights/interests/privileges of the holders of the Debentures are set out in the debenture trust deed ("DTD") executed/to be executed between the Company and the Debenture Trustee and the other transaction documents executed/to be executed in respect of the Debentures (together with the DTD, the "Transaction Documents"). On the occurrence of a payment default, additional interest at 4% per annum over the Interest Rate will be payable on the outstanding principal amounts in respect of the Debentures from the date of the occurrence of such payment default until such payment default is cured or the Debentures are redeemed (whichever is earlier).
The Debentures shall be redeemed on a pari passu basis by the Company by making the payment of the outstanding principal amounts the Final Redemption Date in accordance with the DTD and the other Transaction Documents.
