QGO Finance Limited’s Board of Directors met on October 26, 2026, to consider and approve key financial and strategic matters. The board declared a second interim dividend of ₹0.15 per equity share, amounting to 1.5% of the face value. Additionally, the company approved the issuance of Unsecured, Unlisted, Redeemable Non-Convertible Debentures (NCDs) worth up to ₹2 crore on a private placement basis to raise funds. The board also reviewed the unaudited financial results for the second quarter and half-year ended September 30, 2026.
Board Meeting Highlights Key Decisions
QGO Finance Limited held a board meeting on Monday, October 26, 2026, during which several significant corporate actions were approved. The meeting, which took place from 06:00 P.M. to 06:38 P.M., focused on financial performance and capital raising initiatives.
Financial Results and Dividend Declaration
The Board reviewed and approved the unaudited financial results for the second quarter and half-year ended September 30, 2026. These results were accompanied by a Limited Review Report from the statutory auditors. In line with its dividend policy, the company declared a second interim dividend of ₹0.15 per equity share (1.5% on a face value of ₹10 per share). This dividend is subject to TDS deduction and will be paid within 30 days of its declaration, with a Record Date set for November 06, 2026.
Fundraising Through NCD Issuance
For the purpose of raising funds, the Board also approved the proposal for the issuance of Unsecured, Unlisted, Redeemable Non-Convertible Debentures (NCDs). The issuance will be conducted on a private placement basis and is for an aggregate amount of up to ₹2,00,00,000/- (Rupees Two Crores Only). The NCDs will have a tenure of 9 years and will carry a fixed interest rate of 12% per annum, payable monthly.
Key Personnel Changes
The meeting also noted the resignation of Ms. Urmi Joiser as Company Secretary and Compliance Officer, effective October 26, 2026. Ms. Joiser will continue to serve as Chief Operating Officer. Concurrently, Mrs. Sarita Singh was appointed as the new Company Secretary and Compliance Officer, effective October 27, 2026. The Board authorized key managerial personnel for determining materiality and making disclosures to the stock exchange.
Source: BSE
