QGO Finance Limited informed that the following business item was transacted at the meeting of the Board of Directors of the company held on April 18, 2023 approved issuance of Unsecured, Unlisted, Redeemable, Non-convertible Debentures (NCD's) under Private Placement basis up to INR 20,000,000/- 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) 200 NCD's of INR 100,000/- each amounting to INR 20,000,000. Coupon/interest offered, schedule of payment of coupon/interest and principal is 12% p.a. payable monthly.