QGO Finance Limited’s Board of Directors met on October 30, 2026, approving significant changes to its Non-Convertible Debentures (NCDs). The board revised the lock-in end dates for existing NCDs to October 30, 2026, and also greenlit a proposal to issue new unsecured, unlisted, redeemable NCDs via private placement to raise funds. Additionally, the appointment of Mr. Vijaykumar Agarwal as a Non-Executive, Non-Independent Director was approved, subject to regulatory and shareholder consent.
QGO Finance Board Meeting Outcome
On Friday, October 30, 2026, the Board of Directors of QGO Finance Limited convened a meeting where several key business items were discussed and approved. The meeting, held from 10:45 AM to 11:00 AM, addressed revisions to existing debt instruments and plans for new fundraising initiatives.
Revision of Lock-in Periods for Existing NCDs
A primary approval involved the revision of lock-in end dates for existing Unsecured, Unlisted Non-Convertible Debentures (NCDs). For 100 NCDs initially allotted on October 24, 2025, the lock-in end date has been shifted from October 23, 2028, to October 30, 2026. The maturity date remains unchanged at October 23, 2034. Similarly, for 200 NCDs allotted on November 08, 2025, the lock-in end date has been revised from November 07, 2028, to October 30, 2026, with the maturity date unchanged at November 07, 2034.
Approval for Issuance of New NCDs
The Board also approved a proposal for raising funds through the issuance of new Unsecured, Unlisted, Redeemable Non-Convertible Debentures. These NCDs will be issued on a private placement basis. Further details regarding this issuance, including the number of securities, aggregate value, and coupon rate, are provided in Annexure-A.
Appointment of Non-Executive Director
In a significant governance move, the Board approved the appointment of Mr. Vijaykumar Agarwal (DIN: 00108710) as a Non-Executive, Non-Independent Director. This appointment is subject to the approval of the Reserve Bank of India (RBI) and the company’s shareholders. Mr. Agarwal’s profile, highlighting his extensive experience in the textile and export promotion sectors, is detailed in Annexure-B. The company will initiate the necessary application process with the RBI.
Disclosure and Future Steps
The company has provided disclosures as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The announcement is also available on the company’s website, https://qgofinance.com/.
Source: BSE
