Minolta Finance board clears proposal to raise funds via secured NCDs

• Type of instrument (fund-raising): "Secured, Unlisted, Unrated, Redeemable, Fully Paid Non-Convertible Debentures" (Annexure – I, Disclosure of information with respect to Issuance of Secured Non-Convertible Debentures).
• Total size of NCD issue: "Up to Rs 5.00 cr" (Annexure – I, Total Size).
• Tenure of NCDs: "39 (Thirty-Nine) months from the date of allotment." (Annexure – I, Tenure).
• Coupon rate: "12% per annum, payable half-yearly." (Annexure – I, Coupon Rate).
• Listing status of NCDs: "Unlisted" (Annexure – I, Listing (if applicable)).
• Security/charge: "Charge over the Receivables of the Company in favour of the Debenture Trustee." (Annexure – I, Charge/security).
• Board’s broader fund-raising limit: The outcome letter states that the board "Considered and Approved the proposal for raising funds by way of issuance of secured, unlisted, unrated, redeemable Non-Convertible Debentures (NCDs) aggregating up to Rs 10.00 cr ( Rupees Ten Crore only)."

The board's outcome letter dated November 05, 2026 lists two key items:

1. Approval of the Unaudited Financial Results of the company for the quarter ended September 30, 2026, together with the Limited Review Report issued by the Statutory Auditors.
2. Consideration and approval of the proposal for raising funds via secured, unlisted, unrated, redeemable NCDs aggregating up to "Rs 10.00 cr ( Rupees Ten Crore only)".

The letter does not mention:

• Any buyback of equity shares.
• Any bonus issue of shares.
• Any dividend declaration.
• Any record date or ex-date for a buyback, bonus or dividend.

If you are checking your eligibility for a buyback, bonus issue or dividend, this particular filing does not provide such details. It is focused on financial results and debt fund-raising.

Because the filing does not announce a buyback, bonus issue or dividend:

• No eligibility criteria for such corporate actions are specified.
• No record date or ex-date is given for any buyback, bonus or dividend.
• No timetable (opening/closing dates, payment dates, allotment dates for equity actions) is provided.

For the NCD proposal itself, the board’s outcome letter and Annexure – I describe the instrument, size, tenure, coupon and security, but do not set out a detailed issue timetable or investor eligibility framework within this document.

According to the statement of standalone financial results for the period ended 30th September 2026, the company notes in point 5 that "the company during the quarter issued 40,00,00,000/- equity share of face value Rs.1/- each (Right issue share) to the eligible Equity shareholders at an issue price of Rs. 1.20/- per equity share (including a premium of Rs.0.20/- per equity share)". This relates to a rights issue already carried out during the quarter, not to a new buyback, bonus or dividend.

The limited review report from JCR & Co. LLP, Chartered Accountants, attached to the same filing, also highlights that "during the quarter company raised Rs 48.00 cr through right issue which includes share premium of Rs 8.00 cr." Again, this is background on a completed rights issue and not a fresh announcement of a buyback, bonus or dividend.

Investors looking specifically for Minolta Finance Ltd’s buyback, bonus issue or dividend record date will need to refer to other company communications or future filings, as this November 05, 2026 outcome-of-board-meeting filing does not contain such information.