Shalibhadra Finance Board Approves Rs 24 Crore Secured NCD Issue

Board on 13 Oct 2026 approved issuance of senior secured rated listed redeemable transferable NCDs up to Rs 24 Cr on private placement basis, proposed BSE listing. Follows similar NCD approval last month with terms still pending; part of steady shift to market borrowings alongside bank lines to fund rural loan growth from lightly levered base. Coupon, maturity, security cover and allotment dates left to transaction documents; placement progress and realized funding cost remain undisclosed.