Phoenix ARC Board Approves Rs 600 Cr NCD Issuance, Adopts Q1 FY27 Results
Phoenix ARC Limited has unveiled a major fundraising initiative alongside its first-quarter FY27 financial results, highlighting the company’s focus on strengthening its capital base and expanding its presence in India’s stressed asset resolution market.
At its Board meeting held on July 15, 2026, the Mumbai-based asset reconstruction company approved the unaudited financial results for the quarter ended June 30, 2026, and gave the green light for fundraising of up to ₹600 crore through the issuance of Secured Redeemable Non-Convertible Debentures (NCDs).
Board Clears ₹600 Crore NCD Issue
The most significant outcome of the meeting was the Board’s approval to raise up to ₹600 crore by issuing secured redeemable NCDs. The proposed issue may be carried out in one or more tranches or series, subject to the necessary regulatory and shareholder approvals.
The planned capital raise is expected to provide Phoenix ARC with additional financial flexibility to support business growth, strengthen liquidity, acquire stressed assets, and meet future funding requirements.
Q1 FY27 Financial Results Approved
The Board also approved the company’s unaudited financial statements for the quarter ended June 30, 2026, marking the first quarterly results for FY27.
Adding to investor confidence, the company’s Statutory Auditors issued an unmodified limited review report, indicating that the financial statements present a fair view and comply with applicable accounting standards without any qualifications.
Key Highlights
- Q1 FY27 unaudited financial results approved
- Unmodified limited review report issued by Statutory Auditors
- Board approves fundraising of up to ₹600 crore through Secured Redeemable NCDs
- Issue to be completed in one or more tranches, subject to regulatory and shareholder approvals