Committee Meeting Updates

Laxmi India Finance's Business Operation Committee has approved the issuance of listed, rated, senior, secured, transferable, redeemable Non-Convertible Debentures (NCDs). The company plans to raise up to ₹ 50 Cr through a private placement of 50,000 NCDs, each with a face value of ₹ 10,000. These NCDs are proposed to be listed on the BSE Wholesale Debt segment and will be secured by a charge on identified receivables.

This capital raise aims to support the company's business operations.