Real Touch Finance Ltd — Important, 20-03-2026: Company Update
20-03-2026 | 02:38 pm
20-03-2026 | 02:38 pm
Real Touch Finance's board has approved issuing unlisted, secured 9.5% Non-Convertible Debentures (NCDs) via private placement, aiming to raise 2.56 Cr. These NCDs will have a 3-year tenure, secured by book debts. Concurrently, the board approved writing off 3.48 Cr in outstanding receivables, deemed irrecoverable following management assessment and Audit Committee review. This write-off, representing about 12.05% of the last audited turnover of 28.89 Cr, is a one-time adjustment. The company expects the impact on profitability and net worth to be contained, while continuing recovery efforts.
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