Amanaya Ventures' Board has approved a proposal to issue up to 300 secured, redeemable, unlisted non-convertible debentures (NCDs) through a private placement.

Each NCD has a face value of INR 1 lakh, totaling up to INR 3 Crore.

These NCDs will have a 24-month tenure, offer a 12.00% fixed annual interest payable quarterly, and are secured by the company's bullion inventory.

Shareholder approval is required at the upcoming Annual General Meeting.

This move aims to raise capital for the company's operations.