IBL Finance has allotted 10 unlisted, secured, redeemable Non-Convertible Debentures (NCDs) aggregating ₹10 lakh to raise funds via private placement. The NCDs carry a fixed coupon rate of 13% per annum, with interest payable at maturity. The instruments have a tenure of 570 days, maturing on January 11, 2028.

The Finance Committee approved the allotment on June 20, 2026, following authorization from the Board of Directors on July 16, 2025, and a subsequent shareholder approval on August 22, 2025. The debentures are secured by a charge on the company's receivables and book debts, with a minimum security coverage of 1.05 times the loan amount.

In the event of a default in interest or principal repayment, the company will pay an additional interest penalty of at least 1% per annum over the coupon rate for the defaulting period. A similar penalty applies if the company fails to execute the trust deed within the period specified in the Companies Act.

Key Details of the Allotment

The disclosure was made to the National Stock Exchange of India Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

IBL Finance has allotted 50 unlisted, secured, redeemable Non-Convertible Debentures (NCDs) aggregating ₹50 lakh on a private placement basis to raise funds. The NCDs carry a fixed coupon rate of 13% per annum, payable monthly, and are secured by hypothecation of receivables. The instrument matures on October 9, 2028, which is 850 days from the date of allotment.

The Finance Committee of IBL Finance approved the allotment on June 12, 2026. This decision follows the Board of Directors' approval on July 16, 2025, and a subsequent special resolution passed by shareholders at the Annual General Meeting on August 22, 2025. The debentures have a face value and issue price of ₹1,00,000 each.

The NCDs are unrated and taxable. Security for the issue includes a charge over standard loan assets with minimum coverage of 1.05 times the loan amount. In the event of a default in coupon or principal payment, the company will pay additional interest of at least 1% per annum over the coupon rate for the defaulting period.

Provisions for delays in executing the trust deed also stipulate an interest penalty of at least 1% per annum until the deed is executed. The disclosure was made to the National Stock Exchange of India Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the Allotment