Flywings Simulator Training Centre Approves Rs 35 Crore NCD Issuance

Board approved issuance of 350 unlisted secured redeemable NCDs of Rs10 lakh each aggregating Rs35 Cr via private placement in one or more tranches, tenure 18 months at 16.5% p.a. First large debt raise since listing, shifting net-cash posture to leveraged; follows closely on heels of large warrant proposal while IPO machinery funds remain largely unused with no use stated. Adds high-coupon short-tenure secured debt and repayment burden; investors, security cover and purpose undisclosed, terms only as agreed, subject to approvals.