Pune E-Stock Broking Board Approves ₹50 Crore NCD Issue

Board approved up to Rs 50 Cr senior secured rated listed redeemable NCDs via private placement in tranches within a year for NSE listing; coupon, tenure, security to follow. Novel secured debt route versus recent warrant-led equity raises and short-term funding; adds term leverage to funding of the collateralized MTF book and diversifies funding mix. Leverage, interest burden and asset encumbrance hinge on undisclosed coupon, tenure, security cover and end-use; tranche timing, rating and approvals not yet disclosed.