Qgo Finance Approves Rs 11 Crore NCD Issue And Director Appointment

Board approved Rs 11 Cr NCD issue (1100 unsecured unlisted NCDs at Rs 1 lakh each, 9-year, 12% p.a. monthly), early lock-in release of 300 NCDs and appointment of Vijaykumar Agarwal as director. New NCDs via private placement in tranches, unlisted; existing NCDs maturity unchanged at 2034; director appointment subject to RBI via PRAVAAH and shareholder approval. Adds Rs 11 Cr debt at 12% raising leverage; early release frees 300 NCD holders; allottees, end-use, pricing of balance and RBI outcome not disclosed.