Committee Meeting Updates

Dar Credit & Capital's Finance Management Committee has approved and allotted 1,000 Senior, Secured, Listed, Rated, Taxable, Transferable, Redeemable, Non-Convertible Debentures (NCDs) worth INR 10 Crore through a private placement.

These NCDs have a face value of INR 1,00,000 each and will be listed on the NSE.

They carry a fixed coupon of 12.90% per annum, payable monthly, and will mature after 24 months.

The NCDs are secured by a first charge on identified receivables with a 1.10x security cover.

This fundraising boosts the company's financial flexibility and operational capacity.