Minolta Finance Limited’s Board of Directors met on November 5, 2026, to approve the unaudited financial results for the quarter ended September 30, 2026. The board also greenlit a proposal to raise funds up to ₹10 crore through the issuance of secured, unlisted, unrated, redeemable Non-Convertible Debentures (NCDs). The meeting provided a comprehensive update on the company’s financial performance and future funding strategies.
Board Meeting Approves Financials and Funding
Minolta Finance Limited announced that its Board of Directors convened on Thursday, November 5, 2026. During the meeting, the board officially approved the company’s unaudited financial results for the quarter that concluded on September 30, 2026. The Limited Review Report from the Statutory Auditors was also accepted, and the submission of these results to the stock exchanges was authorized as per regulatory requirements.
Fundraising Initiative Approved
In addition to the financial review, the Board of Directors considered and approved a significant proposal to raise funds. The company plans to issue secured, unlisted, unrated, and redeemable Non-Convertible Debentures (NCDs) aggregating up to ₹10 Crore (Rupees Ten Crore only). This initiative aims to bolster the company’s capital base and support its future growth and operational needs.
Details of NCD Issuance
Further details regarding the proposed issuance of these NCDs were provided in an annexure. The instrument is to be Secured, Unlisted, Unrated, Redeemable, and Fully Paid, with a total size of up to INR 5 Crores. The tenure for these debentures is set at 39 months from the date of allotment, carrying a coupon rate of 12% per annum, payable half-yearly. The company will create a charge over its receivables as security in favour of the Debenture Trustee.
Meeting Details
The Board meeting commenced at 05:30 P.M. and concluded at 08:45 P.M. The outcomes of this meeting have been shared with the BSE Limited and The Calcutta Stock Exchange Ltd. for their records.
Source: BSE
