Angel One Limited has successfully completed the allotment of 5,000 Fully paid, Senior, Rated, Secured, Listed, Redeemable Non-Convertible Debentures (NCDs). The total issue size aggregates to ₹50 Crore, with each NCD having a face value of Rs.1,00,000. This decision was approved by the Loan, Investment and Borrowings Committee following an earlier intimation on February 3, 2026. The NCDs carry an interest rate of 8.75% and are set to mature on August 25, 2027.
NCD Issuance Approved and Allotted
Angel One Limited hereby informs the stock exchanges regarding the conclusion of the allotment process for its proposed debt instrument issuance. The Loan, Investment and Borrowings Committee convened on February 24, 2026, to finalize the terms following the prior disclosure made on February 03, 2026.
The committee approved and allotted a total of 5,000 Non-Convertible Debentures (NCDs). These securities are characterized as Senior, Rated, Secured, Listed, and Redeemable. The entire issuance aggregates to ₹50,00,00,000 (Indian Rupees Fifty Crore), with each NCD valued at a face value of INR 1,00,000.
Instrument Details and Listing
The NCDs have a tenure of 18 months, with the allotment date being February 24, 2026, and the final maturity date set for August 25, 2027. The fixed coupon/interest rate offered on these instruments is 8.75% per annum.
A key detail regarding the issuance is that the NCDs are proposed to be listed on the Wholesale Debt Market Segment of the National Stock Exchange of India Limited (NSE).
Security and Interest Structure
To secure the NCDs, the Company has created a first pari-passu charge by way of hypothecation over all present and future trade receivables and loans utilized in margin trading facilities. A commitment is maintained to secure the outstanding amounts of the NCDs at 1.00 times throughout the tenor of the debt.
In the event of a delay or default in scheduled interest or principal payment extending beyond three months, the Company has agreed to pay an additional interest rate of 2% per annum above the Coupon Rate until the default is cured or the NCDs are fully redeemed.
Cash Flow Illustration Summary
The illustrated cash flow schedule for the NCDs shows two coupon payments over the 18-month period:
- 1st Coupon (August 25, 2026): Amount per NCD of (₹4,363.01), calculated over 182 days.
- 2nd Coupon (August 25, 2027): Amount per NCD of (₹8,750.00), calculated over 365 days.
- Principal Redemption (August 25, 2027): Repayment of (₹1,00,000.00) per NCD.
The committee meeting itself commenced at 01:30 p.m. and concluded promptly at 01:45 p.m. on the date of allotment.
Source: BSE
