According to reports from Business Standard, Capital India Finance has received board approval for the issuance of one lakh non-convertible debentures (NCDs) on a private placement basis, aggregating up to ₹100 crore. The NCDs will be listed, rated, senior, secured, transferable and redeemable in nature, with a base issue size of ₹50 crore and a green shoe option of up to ₹50 crore. The company's shares added 2.05% to ₹20.40 following the announcement.
As reported by Business Standard, the NCDs will carry a coupon rate of 10% per annum, paid out on a quarterly basis, with a tenor of 27 months. The instruments will be secured by a pari passu charge through hypothecation in favour of the debenture trustee for all standard loan receivables, present and future. The company will maintain a minimum security cover of at least 1.10x at all times during the tenure of the debentures. The allotment and maturity dates will be determined by the board of directors in due course.
According to Business Standard, Capital India Finance is a listed, middle layer non-deposit taking NBFC focused on providing secured MSME and retail lending solutions. As of March 31, 2026, the company reported assets under management of ₹1,227.37 crore and a capital adequacy ratio of 40.99%. In Q1 FY27, the company reported a consolidated net loss of ₹3.27 crore compared to a net loss of ₹2.85 crore in Q1 FY26, while revenue increased 3.56% to ₹126.32 crore.
