Lancor Holdings Limited — Board Meeting, 21-02-2025: Outcome of Board Meeting

The board meeting has approved the issuance of Non-Convertible Debentures (NCDs) aggregating to ₹25 Crores on a private placement basis. Each NCD has a face value of ₹1,00,000, with a tenure expected to mature on February 28, 2029. The NCDs offer a cash coupon/interest rate of 16.5% per annum, payable quarterly. These debentures will be secured as per transaction documents, ensuring potential value for investors. This strategic decision is likely to enhance the company's financial stability and can support future growth initiatives.