Shalibhadra Finance Raises Rs 195 Mn Through Secured NCDs

17 Apr 2026 CW Team

Shalibhadra Finance Limited (SFL) has completed a debt raise of Rs 195 mn through the issuance of secured, rated, and listed Non-Convertible Debentures (NCDs). The issue carries a coupon of 12 per cent per annum and has a two year tenure. Interest will be paid monthly while principal repayments are scheduled on a six monthly basis. The NCDs are rated ICRA BBB minus with a stable outlook and will be listed on the BSE wholesale debt segment.

The managing director indicated that the fundraise is intended to optimise the company’s liability profile and enhance financial flexibility to support lending operations. The proceeds will be deployed to strengthen small ticket asset financing across rural and semi urban markets where the company operates. The company emphasised that the structure supports efficient asset liability management and regular cash flows for investors through monthly coupons. The move was presented as aligned with disciplined growth and long term value creation objectives.

Shalibhadra Finance Limited is a retail focused non banking finance company with operations concentrated in Gujarat, Maharashtra and Madhya Pradesh. The firm maintains a network of over 60 branches offering small ticket financing and customised retail products including new and used two wheelers, four wheelers and property loans. It follows an asset backed lending model with emphasis on risk management and asset quality supported by governance and technology enabled operations. The company reported assets under management of over 2 bn and an active customer base exceeding 0.1 mn.

The NCD issue was structured as secured and listed on the BSE to provide transparency and secondary market access for investors. The company noted investor confidence in its business model and said the issuance will aid in optimising the overall cost of funds. Further enquiries can be directed to the company or its advisor as per the press release.

Building Material

17 Apr 2026

Haver & Boecker Niagara to showcase solutions at Hillhead

Haver & Boecker Niagara will showcase its mineral processing technologies at Hillhead 2026, scheduled from June 23–25 in Buxton, UK.At Stand PA3, the company will present its end-to-end solutions including screeners, screen media and advanced diagnostics, with a focus on improving efficiency, uptime and throughput for aggregates producers.Highlighting its screen media portfolio, the company will feature Ty-Wire media with hybrid design offering up to 80 per cent more open area, alongside FLEX-MAT® solutions designed to enhance wear life and throughput while reducing blinding and cloggin..

CREDAI-MCHI meets Maharashtra Revenue Minister on issues

Navin’s, a Chennai-based real estate developer, has won the 17th CIDC Vishwakarma Award 2026 for its residential project Navin’s Hanging Gardens located on Arcot Road, Valasaravakkam. The award was presented by the Construction Industry Development Council (CIDC) under the category of Best Construction Projects, recognising the development’s achievement in innovation, design excellence and sustainability.The award was received by Chandrasekar PN, General Manager, Technical, Navin’s, at the ceremony held in New Delhi.Inspired by the legendary Hanging Gardens of Babylon, the project has ..

Suraj Estate Developers Acquires Dadar Land For 1 bn GDV Project

Suraj Estate Developers Limited (the Company) has acquired a plot in G/North ward, Dadar (West), for an initial acquisition consideration of Rs 85.3 mn and a total acquisition cost of about Rs 180 mn on the basis of acquisition cost plus stamp duty market value and related stamp duty. The site is in a well established micro-market in South-Central Mumbai characterised by strong demand fundamentals, connectivity and proximity to commercial districts including Lower Parel, Worli and Bandra Kurla Complex. The Company has indicated that the land will be redeveloped to augment its project pipeline ..