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Savani Financials Limited has announced a board meeting approving a secured non-convertible debenture (NCD) issue of up to Rs. 15 Cr via private placement with a 36-month tenor and an interest rate up to 15.50% payable monthly. The NCDs will be secured with a 1.10x cover over receivables. Additionally, the company will issue 9.6 lakh sweat equity shares of Rs. 10 each to CEO Jatinder Mohan Singh Shah as part of the approved share-based compensation. These moves aim to strengthen the company’s capital structure and reward key management.