Lancor Holdings has informed that the Banking Finance and Operations committee of the Company in its meeting dated 16th December, 2024, has approved the allotment of 243 Non-Convertible Debenture (NCDs) to the applicant totally aggregating to Rs. 2,43,00,000 (Two crores Forty Three lacs only) with a Face value of Rs.1,00,000 (Rupees One Lakhs Only) each on private placement basis at the interest rate of 16.5% for re-paying within 12 Quarterly installments post the Principal moratorium period of 4 Quarters (12 months) from the date of allotment of the Debentures. The paid up share capital of the Company Pre and post allotment of NCDs is Rs. 14,59,91,120 consisting of 7,29,95,560 equity shares of Rs. 2 each fully paid-up.
The above information is a part of company’s filings submitted to BSE.
