Fund raising approved
As filed · General Updates
What happened
Fact(OAVM), have approved the proposal for raising of funds by issue of Non-Convertible Debentures (NCD). and Commercial Paper (CP) aggregating to Rs. 1500 Crore and Rs. 1000 Crore respectively on private.
Why it matters
CapitSignal interpretationRaising capital changes the share count or the debt load, and the stated use of proceeds is a commitment that can later be checked.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Demand
DelayedI should see growth from there and on the Karnataka front, the e-Khata issue is now fizzling down.
So, along with all these efforts, we expect the business to increase multifold in these regions and which should be evident in the coming quarters.
Change
FactImplication
CapitSignal interpretationDemand
DelayedWe normally expect a better business in Q3 and Q4.
Next year, they should start seeing increasing percentage of contribution, that is what we are planning, Sir.
Change
FactImplication
CapitSignal interpretationMargins
ContradictedFor current financial year, we would like to maintain a spread of in and around 3.2% to 3.25%.
We have seen substantial reduction in NPA on year-on-year basis.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Instrument and amount finally raised
- Stated use of proceeds
- Whether the enabling resolution is actually used
- We are sticking on a guidance of what I have given in my last concall that is Rs.5000 Crores disbursements and (management committed by FY27)
- For current financial year, we want to open another 12 to 13 branches. (management committed by FY27)
Evidence
- Intimation regarding Raising of funds by issue of Non-Convertible Debentures (NCD) and Commercial Paper (CP)(opens the original filing in a new tab)
- Earlier statement · Q4 FY26
- Latest statement · Q4 FY26
- Earlier statement · Q2 FY25
- Latest statement · Q3 FY26
- Earlier statement · Q4 FY26
- Latest statement · Q1 FY27
How CapitSignal classified this
- Reasoning:
- FUNDRAISE base 58; +2 corroborating keywords; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 90%