IBL Finance Limited has received a confirmation from its promoter group stating that no encumbrance was created on the shares held by them during the financial year 2025-26. The disclosure was submitted by Mansukhbhai Kunvarjibhai Patel, Karta of Mansukhbhai K Patel HUF, on behalf of the promoters and persons acting in concert (PAC) in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

The promoter confirmed that neither Mansukhbhai K Patel HUF nor any other members of the promoter group have made any encumbrance, directly or indirectly, on the equity shares of the company during the financial year ended March 31, 2026. The declaration was addressed to the Listing Compliance Department of the National Stock Exchange of India Limited and the Audit Committee of ibl finance .

Promoter and Promoter Group Details

The disclosure included a comprehensive list of individuals and entities comprising the promoter and promoter group of the company. The list distinguishes between designated promoters and members of the promoter group.

The letter, dated April 3, 2026, requested the exchange and the company's audit committee to place the information on their records. The confirmation serves as a formal declaration to the regulatory authorities regarding the status of shareholding by the promoters during the specified period.

IBL Finance Limited's Finance Committee, at its meeting held on 13 May 2026, approved the allotment of 55 (Fifty Five Only) Unlisted, Senior, Secured, Unrated, Taxable, Redeemable Non-Convertible Debentures (NCDs) on a private placement basis to an identified eligible investor. Each NCD carries a face value of Rs. 1,00,000 and was issued at the same price, bringing the total issue size to Rs. 55,00,000 (Rupees Fifty Five Lacs Only). The allotment was made in furtherance of an intimation letter dated 16 July 2025 and is disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory and Corporate Approvals

The issuance of these NCDs was first approved by the Board of Directors at its meeting held on 16 July 2025. The proposal was subsequently ratified through a Special Resolution passed by shareholders at the company's Annual General Meeting held on 22 August 2025. The disclosure has been made pursuant to SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Key Terms of the NCD Issuance

The following table outlines the key terms and conditions of the allotted NCDs:

Security and Charge Details

The NCDs are secured by a charge created by way of hypothecation of receivables and book debts of the company. The security comprises standard loan assets with a minimum security coverage of 1.05 times of the loan amount, providing a defined level of collateral backing to the debenture holders.

Default and Penalty Provisions

The terms of the NCD issuance include specific provisions in the event of a default:

• In case of default in payment of coupon and/or redemption of the principal amount on the respective due dates, an additional interest of at least 1% (One Percent) per annum over and above the coupon rate shall be payable for the defaulting period until the defaulted amount along with the delay penalty is fully paid.
• Where the company fails to execute the trust deed within the period specified under the Companies Act, an additional interest of at least 1% (One Percent) per annum, or such other rate as specified by the regulatory authority, shall be payable to the debenture holders over and above the coupon rate until the execution of the trust deed.

The intimation was signed by Dilip Chauhan, Company Secretary and Compliance Officer (ICSI Membership No. A63390), from Surat, on 13 May 2026.