NBFC Company Paisalo Digital To Consider Fundraising Via NCDs

Paisalo Digital, a small-cap NBFC company, has announced that a meeting of the Operations and Finance Committee of the Board of Directors of the company is scheduled to be held on March 18, 2026 to consider and approve allotment of Non-Convertible Debentures on a private placement basis.

On March 14, Paisalo Digital Limited notified the stock markets that it has obtained a new external credit rating for its proposed Non-Convertible Debentures (NCDs). The filing states that Brickwork Ratings India Private Limited has given the company a "BWR AA / Stable" rating for its proposed non-convertible debentures, which are valued at Rs 1,500 crore. A "AA" grade often denotes a high level of safety with regard to prompt payment of debts, indicating that the company has minimal credit risk.

The firm added that this rating enhances the legitimacy of its planned borrowing strategy by adding to the rating it currently holds from Infomerics Analytics and Research Private Limited.

The results of the Operations and Finance Committee meeting, which took place on March 11, 2026, were recently disclosed by Paisalo Digital Ltd. The board approved the issue of Non-Convertible Debentures (NCDs). According to the declaration, the company plans to issue 9.25% secured Non-Convertible Debentures through a private placement using the Electronic Book Provider (EBP) platform. The issue's total size can reach Rs 100 crore with a base offering of Rs 50 crore and a green shoe option of Rs 50 crore for maintaining oversubscription. The proposed offer will consist of up to 1,00,000 secured NCDs with a face value of Rs 10,000.

On March 3, 2026, Infomerics Ratings assessed the company's facilities. Despite the debate of certain NCD ratings, the company typically maintains a strong asset quality, with a Gross NPA of 0.83% recorded in Q3 FY26.

Paisalo Digital Ltd (PAISALO) closed at Rs 30.77 on the NSE as on March 13, 2026. The stock is currently trading close to the lower end of its 52-week range of Rs 29.38 to Rs 41.70, representing a 4.35% drop from the previous session. With a committee meeting set for March 18, 2026, to approve the allotment of Non-Convertible Debentures (NCDs) as part of a broader Rs 500 crore issuance plan, the firm is aggressively seeking development through debt funding.

In its latest quarterly results (Q3 FY26), Paisalo Digital reported a stable financial performance with a total income of Rs 240.05 crore, an 18% year-on-year growth. The firm maintained a solid Return on Equity (ROE) of 13.9% and a capital adequacy ratio of 38.2%, while net profit for the same period grew by 6% to Rs 66.26 crore.

Paisalo Digital Limited is a non-deposit-taking non-banking financial company (NBFC) registered with the RBI. The firm was founded in 1992 and provides small-ticket loans. The firm has an accomplished gross non-performing asset (NPA) of 0.81% and a strong Assets Under Management (AUM) of Rs 5,508 crore as of Q3 FY26.