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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Laxmi India Finance Ltd

Laxmi India Finance Allots Rs. 100 Crore in Secured NCDs

FUNDRAISE ▲ Positive Development MEDIUM RISK
📅 Filed on BSE: 02 Sep 2026, 03:51 PM IST  ·  BSE ID: a3add837-2325-4cda-8c04-b5f2d132f9ad
View Original BSE Filing (PDF)
💡
In Simple Terms
The company raised Rs. 100 Crore by issuing secured bonds with a 10.5% annual interest rate.
🤖 AI Summary
  • Laxmi India Finance allots INR 70,00,00,000 Series A and INR 30,00,00,000 Series B secured NCDs.
  • Total fundraise of INR 100 Crore via private placement of non-convertible debentures.
  • NCDs carry a 10.50% annual interest rate, payable monthly, with a 36-month tenure.
  • Debentures are rated, listed, unsubordinated, secured, transferable, and redeemable.
  • Allotment finalized in a Business Operation Committee Meeting held on September 02, 2026.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Series A Debentures Amount
INR 70,00,00,000
Series B Debentures Amount
INR 30,00,00,000
Total NCDs Amount
INR 100 Crore
Face Value per Debenture
INR 10,000
Number of Series A Debentures
70,000
Number of Series B Debentures
30,000
Coupon/Interest Rate
10.50%
Tenure of Instrument
36 Months
Date of Allotment
September 02, 2026
Date of Maturity
September 02, 2029
🏢 How This Affects the Company
📈
Business Impact
The issuance of Non-Convertible Debentures (NCDs) provides the company with funds that can be utilized for its business operations.
💰
Financial Impact
This fundraise increases the company's debt on its balance sheet, with a commitment to pay 10.50% annual interest and principal repayment within 36 months.
⚠️
Risk Impact
The company takes on additional debt obligations, increasing its financial leverage and the risk associated with interest payment and principal repayment.
👥 What This Means For Shareholders
✅
Action Required
No action is required from existing shareholders regarding this NCD allotment.
👤
Who Is Affected
Existing equity shareholders are indirectly affected by the increase in the company's leverage and debt servicing obligations.
🔍
Management Signal
The decision signals management's intent to utilize debt financing for business operations and growth initiatives.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Company's next quarterly results for financial performance updates.
Repayment schedule adherence for interest and principal on NCDs.
Details on the utilization of the INR 100 Crore raised funds.
MEDIUM RISK Increased debt level and associated interest servicing obligations, secured by receivables.
💡 Investor Takeaway
Laxmi India Finance raised INR 100 Crore by allotting 1,00,000 secured NCDs on private placement, carrying a 10.50% annual interest rate and a 36-month maturity.
⚖️ Strengths & Concerns

✅ Positives

  • Successfully raised INR 100 Crore via secured NCDs, demonstrating access to capital markets.
  • Secured NCDs with a 10.50% coupon rate, providing a consistent cost of borrowing.

⚠️ Concerns

  • Increased debt burden by INR 100 Crore, requiring timely interest and principal payments.
  • Secured NCDs place a charge on receivables, potentially limiting future financing options against these assets.
❓ Frequently Asked Questions
What is the total amount Laxmi India Finance raised through NCDs?
Laxmi India Finance raised a total of INR 100 Crore by allotting Series A and Series B Non-Convertible Debentures.
What is the interest rate on the NCDs allotted by Laxmi India Finance?
The Non-Convertible Debentures allotted by Laxmi India Finance carry an interest rate of 10.50% per annum, payable monthly.
What is the maturity period for the NCDs issued by Laxmi India Finance?
The Non-Convertible Debentures issued by Laxmi India Finance have a tenure of 36 months, with a maturity date of September 02, 2029.
How were the NCDs issued by Laxmi India Finance placed?
The NCDs were issued on a private placement basis by Laxmi India Finance.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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