QGO Finance Limited Approves Issuance of Unsecured, Unlisted, Redeemable, Non-Convertible Debentures Under Private Placement Basis Up to INR 10,000,000

QGO Finance Limited at its board meeting held on October 18, 2023, approved issuance of Unsecured, Unlisted, Redeemable, Non-convertible Debentures (NCD's) under Private Placement basis up to INR 10,000,000 within the borrowing limits of the Company as approved by the shareholders. Total number of securities proposed to be issued or the total amount for which the securities will be issued (approximately): 100 NCD of INR 100,000 each amounting to INR 10,000,000. Tenure of the instrument: Seven years from the date of allotment.

Coupon/interest offered, schedule of payment of coupon/interest and principal: 12% p.a. payable monthly.