The NCD issuance will be undertaken in one or more tranches within a period of one year from the date of shareholders’ approval. The fundraising will be made to eligible investors, subject to approval at the upcoming annual general meeting (AGM).
The company said the size of each tranche, tenure, coupon or interest rate, payment schedule, security or charge on assets, and other terms will be decided by the company’s Working Committee of the Board at the time of finalisation of each tranche.
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Satin Creditcare also approved the re-appointment of Vikas Gupta as Chief Compliance Officer and Senior Management Personnel for a further term of three years, effective July 11, 2026, to July 10, 2029. Separately, the company said its 36th annual general meeting will be held on Friday, August 7, 2026.
Last week, Satin Creditcare Network Chairman and Managing Director HP Singh said he expects its growth trajectory to remain intact this year despite concerns over delayed monsoons, El Niño conditions and geopolitical uncertainties.
The company has maintained its guidance of 15-20% assets under management (AUM) growth for the current financial year and expects net interest margins (NIMs) to remain stable. Singh also believes any potential impact from weather-related disruptions is likely to be limited.
ALSO READ | Satin Creditcare Network Q2 results: Profit rises 19% on steady loan growth
The lender continues to see stable collection efficiency and disbursement trends across its operations, with the first quarter shaping up as one of the better periods in recent years.
Addressing concerns around delayed rainfall and its impact on rural borrowers, Singh said the company has not observed any meaningful stress in its operating regions so far.
“There are no signs which we can see practically on the ground,” he said, adding that record wheat production has helped support rural incomes despite uncertainty around the upcoming kharif season.
According to Singh, Satin Creditcare’s exposure to rural markets provides a direct view of economic conditions, and current trends remain encouraging across microfinance, affordable housing and MSME lending businesses.
ALSO READ | Resurgent India and Satin Creditcare announce new AIFs to back stressed assets and women-led MSMEs
Shares of Satin Creditcare Network Ltd ended at ₹233.00, down by ₹2.95, or 1.25%, on the BSE.
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