What was filed
Anand Rathi Share and Stock Brokers Limited (ARSSBL) told the exchanges it has allotted secured, unlisted, redeemable non-convertible debentures (NCDs) through a private placement to identified investors. The instruments carry a face value of ₹1,00,000 each and were allotted on 24 June 2026 under an offer document dated 22 June 2026. The debentures are not proposed to be listed, the company said.
Terms of the issue
Per the filing, the NCDs carry a fixed coupon paid quarterly, with full principal redemption on maturity after a three-year tenure (1,094 calendar days). The debentures are secured by a first-ranking charge by way of hypothecation over the company's present and future unencumbered assets, book debts and receivables, under a deed of hypothecation dated 2 June 2026. The filing also notes that a default in interest or principal payment triggers additional interest of 2% per annum over the coupon for the period of default. The annexure references a planned issue size of up to 1,285 NCDs (₹12.85 crore), against which 1,110 were allotted.
Why it matters to a holder
This is a debt-raising disclosure rather than an equity event. For a holder of the listed equity, it adds to the company's borrowing profile, secured against its own assets and receivables, at a fixed quarterly servicing cost over three years. The amounts involved are modest relative to the regulatory disclosure that prompted the filing.