Committee Meeting Updates

Laxmi India Finance Limited's Business Operation Committee has approved the allotment of 50,000 Listed, Rated, Senior, Secured, Transferable, Redeemable, Non-Convertible Debentures (NCDs). These NCDs, each with a face value of ₹10,000, have an aggregate value of ₹50 Cr and were issued on a private placement basis.

They carry a 10.50% annual interest, payable monthly, and will mature in 36 months.

The NCDs are secured by a charge on identified receivables and are proposed to be listed on the BSE's Whole Sale Debt segment, a move to raise capital for the company's operations.