Paisalo Digital Limited allotted commercial papers worth ₹20 crore through a private placement on September 24, 2026. The allotment was approved by the Operations and Finance Committee of the Board of Directors.

The issuance is divided into two tranches with distinct maturities. Both tranches were listed securities issued at a discount to their face value of ₹5 lakh per paper. Bank of Maharashtra serves as the Issuing and Paying Agent for both series.

Tranche details

The first tranche consists of 100 commercial papers with a face value of ₹5,00,000 each. These papers have a tenure of 151 days from the date of allotment, maturing on February 22, 2027. The issue price was set at ₹4,82,244 per paper, resulting in a total redemption value of ₹5 crore.

The second tranche includes 300 commercial papers, also with a face value of ₹5,00,000 each. This tranche has a longer tenure of 180 days, with a maturity date of March 23, 2027. The issue price for this series was ₹4,78,977.50 per paper, leading to a total redemption value of ₹15 crore.

What the Numbers Show

The pricing structure indicates a higher effective yield for the shorter-term instrument relative to its discount. The first tranche was issued at approximately 3.55% below face value, while the second tranche was issued at roughly 4.20% below face value. Despite the lower percentage discount, the absolute cost of funds is higher for the second tranche due to its larger volume and longer duration, reflecting typical term structure dynamics in short-term debt markets.

Paisalo Digital Limited has scheduled a meeting of its FCCB Committee of the Board of Directors for October 1, 2026. The primary agenda is to consider the allotment of equity shares consequent to a conversion notice received for part conversion of Foreign Currency Convertible Bonds (FCCBs).

This development follows the receipt of a formal notice regarding the partial conversion of the company's outstanding FCCBs. The committee will review the specific terms and execute the necessary allotment procedures in compliance with regulatory guidelines.

Regulatory Compliance and Disclosure

The company filed this prior intimation with both BSE Limited and National Stock Exchange of India Limited pursuant to Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirms that the decision pertains specifically to equity shares arising from bond conversions rather than new public issues or private placements unrelated to existing debt instruments.

Meeting Details

The move indicates a step toward reducing foreign currency debt exposure by converting it into equity, which may impact the company's capital structure. No financial figures regarding the value of the converted bonds or the number of shares to be issued were disclosed in the initial intimation.