Purshottam Investofin Ltd — Important, 14-03-2026: Company Update
14-03-2026 | 06:13 pm
14-03-2026 | 06:13 pm
Purshottam Investofin Limited's Board approved issuing 30 unsecured, unrated, unlisted, redeemable Non-Convertible Debentures (NCDs) via private placement. Each NCD is valued at Rs 1 Crore, totaling Rs 30 Crore. These NCDs will carry a fixed annual interest of 13%, paid quarterly, with principal redemption after 18 months. Investors also have a put option after 6 months. This fundraising provides capital to the company for operations or growth without diluting existing equity. Defaulted payments will incur an additional 2% p.a. interest.
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