IBL Finance allotted 2 unlisted, senior, secured, taxable, redeemable Non-Convertible Debentures (NCDs) on July 7, 2026, aggregating ₹2,00,000. The Finance Committee approved the allotment of these NCDs, each with a face value of ₹1,00,000, on a private placement basis. The issuance was initially authorized by the Board on July 16, 2025, and subsequently approved by shareholders via a special resolution at the Annual General Meeting on August 22, 2025.

The NCDs carry a fixed coupon rate of 13.00% per annum, with interest payable monthly. Additionally, 2% upfront interest will be paid within seven working days from the date of allotment. The instruments have a tenure of 1037 days, maturing on Wednesday, May 9, 2029. The securities are secured by a charge on the company's receivables and book debts, consisting of standard loan assets with a minimum security 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. Furthermore, if the company fails to execute the trust deed within the period specified in the Companies Act, it will pay interest of at least 1% per annum over the coupon rate until the deed is executed. The disclosure was made in compliance with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Key NCD Details

IBL Finance has allotted 33 unlisted, secured, redeemable Non-Convertible Debentures (NCDs) aggregating ₹33 lakh to raise funds via private placement. The NCDs carry a fixed coupon rate of 13% per annum, with interest payable monthly. The instruments have a tenure of 838 days, maturing on October 9, 2028.

The Finance Committee approved the allotment on June 24, 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.