ALPHA TRIBE

Savani Financials LtdUpdates, 27-06-2025: Company Update

27-06-2025 | 10:30 pm

Savani Financials has announced a board meeting approving the allotment of 7,080 secured, unlisted, and un-rated non-convertible debentures (NCDs) with a face value of Rs. 10,000 each, totaling Rs. 7.08 Cr. These 36-month tenure NCDs carry a 14% interest rate payable monthly and are secured by receivables with a 1x cover. There are no special rights attached, and no defaults on interest or principal payments have been reported. This funding move strengthens the company’s debt profile with a stable income stream for investors.

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