Laxmi India Finance to Raise ₹100 Cr via NCDs
By ThePip Desk
Laxmi India Finance plans to raise ₹100 crore through private placement of NCDs. Board meeting on August 25, 2026, to approve the fundraising.
Laxmi India Finance is set to raise up to ₹100 crore through a private placement of non-convertible debentures (NCDs). The company’s board will convene on August 25, 2026, to consider and approve this fundraising proposal.
NCD Issuance Details
The proposed issuance includes a base size of ₹50 crore. This initial offering comprises 50,000 rated, listed, unsubordinated, secured, transferable, and redeemable NCDs.
- Total fundraising target: ₹100 crore
- Base issue size: ₹50 crore
- NCDs per base issue: 50,000
- Value per NCD: ₹10,000
- Oversubscription option: Additional ₹50 crore
Trading Window Closure
In line with SEBI regulations, Laxmi India Finance has initiated a trading window closure for its designated personnel and their immediate family members. This measure ensures compliance with insider trading norms ahead of the board meeting.
- Closure commenced: August 20, 2026
- Closure ends: 48 hours following August 25, 2026 board meeting
- Attributed to: Sourabh Mishra, Company Secretary and Chief Compliance Officer
- Regulation cited: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Regulation 29(1) read with Regulation 50(1)
The forthcoming board meeting will formalize these fundraising efforts, positioning Laxmi India Finance to bolster its financial standing. Investors will monitor the outcome of the August 25, 2026, decision.