L&T Finance Limited has received an Environment, Social and Governance (ESG) rating of 79.15 from Niche Ninety Nine Capability and Certifications (OPC) Private Limited. The rating provider, registered under Category II with SEBI, classified the lender as a "leader" in its assessment.

The company disclosed the rating to the National Stock Exchange of India Limited and BSE Limited on September 18, 2026. The rating was sighted on the rating agency’s website and the stock exchanges on September 17, 2026, at 6:51 pm.

Regulatory Disclosure

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Apurva Rathod, Company Secretary and Compliance Officer, signed the filing.

L&T Finance Limited has completed the allotment of ₹650 crore worth of non-convertible debentures (NCDs) on a private placement basis. The issuance was finalized on September 18, 2026, securing long-term funding for the non-banking financial company.

The debentures are senior, secured, rated, listed, redeemable, and issued in dematerialized form for cash. The issue size of ₹650 crore represents the base tranche of a larger potential offering that included an oversubscription option of up to ₹1,850 crore.

Deal Terms and Structure

The NCDs carry a fixed coupon rate of 7.8384% per annum. Interest payments are scheduled annually, with the first coupon due on September 28, 2027. The principal amount will be redeemed at maturity on September 28, 2029.

Security and Listing

The instruments are secured by an exclusive and first-ranking charge by way of hypothecation over identified fixed deposits and/or standard receivables of the issuer. The value of these hypothecated assets is equivalent to one times the outstanding principal and coupon amount.

The NCDs are proposed to be listed on the Negotiated Trade Reporting Platform (NTRP) under the New Debt Market of the National Stock Exchange of India Limited. In the event of a default in payment of interest or principal, the company is liable to pay additional interest at 2% per annum over the coupon rate for the defaulting period.