Vertoz Limited — Important, 26-06-2025: General Updates

IncrementX, a subsidiary of Vertoz Limited, has issued 2,000 Compulsorily Convertible Debentures (CCDs) worth INR 20 Cr through a private placement to five investors. The CCDs carry a 17.5% annual coupon and have a 30-month tenure. A put and call option agreement allows the company or investors to mutually buy back the CCDs. These unsecured instruments will not be listed. This move raises debt capital to support growth or operational needs without immediate equity dilution.