Savani Financials Ltd — Updates, 11-06-2025: Company Update

Savani Financials Limited has announced a board meeting outcome approving the allotment of 500 secured, unlisted, and unrated Non-Convertible Debentures (NCDs) at a face value of Rs. 1 lakh each, totaling Rs. 5 Cr. The 14% interest NCDs have a tenure of 36 months with monthly interest payments and are secured by receivables with a 1.10x cover and a personal guarantee. There have been no defaults or delays in interest or principal payments related to these instruments. This move strengthens the company's debt profile with secured funding at a fixed coupon.