Paisalo Digital has approved the issuance of unsecured Non-Convertible Debentures (NCDs) worth up to ₹180 crore via private placement. The Operations and Finance Committee gave its nod on September 5, 2026, setting a proposed allotment date of September 18, 2026.

Issue details

The company will raise funds through the issuance of up to 18,000 unsecured NCDs, each with a face value of ₹1,00,000. The base issue size is ₹90 crore, with an option to retain oversubscription (green shoe option) of up to another ₹90 crore.

The debentures carry a coupon rate of 12.00% p.a., payable quarterly. They are proposed to be listed on BSE Limited and have a tenure of 119 months and 26 days from the date of allotment. Interest in case of default will be charged at the coupon rate plus 2.00% per annum.

Committee meeting outcome

The approval was granted during the meeting of the Operations and Finance Committee held on September 5, 2026. This follows the initial review scheduled for the same date, as previously reported. The issuance is structured as a private placement through the EBP Platform.

Paisalo Digital Limited, registered under CIN L65921DL1992PLC120483, serves customers across India through its digital lending platform.

Promoter group entities of Paisalo Digital created new pledges on their shareholdings on September 3, 2026. The encumbrances were disclosed to stock exchanges on September 4, 2026, under SEBI takeover regulations.

Pro Fitch Private Limited and Pri Caf Private Limited each pledged 87,00,000 shares. Equilibrated Venture CFlow Private Limited pledged 1,22,00,000 shares in two tranches of 87,00,000 and 35,00,000. The disclosures state the pledges were created for loan against security and loan against property.

Pledge Details

The new encumbrances involve three promoter entities within the Paisalo Digital promoter group. The shares were pledged in favor of various private limited companies and export firms.

Regulatory Disclosure

The disclosure was filed under Regulation 31 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011. Sunil Purushottam Agarwal, Director of Pri Caf (P) Ltd, signed the filing.

What the Numbers Show

Prior to these new pledges, Pro Fitch held 9,81,000 encumbered shares, representing 0.11% of total share capital. Post-event, its encumbered holding rose to 96,81,000 shares, or 1.06% of total share capital. Similarly, Pri Caf’s encumbered stake increased from 10,50,000 shares (0.12%) to 97,50,000 shares (1.07%). Equilibrated Venture CFlow saw its encumbered holdings rise from 2,49,56,000 shares (2.73%) to 3,71,56,000 shares (4.06%).

The filing notes that for Encumbrance 7, the value of shares on the date of the event was ₹61.23 crore, against an amount involved of ₹25 crore, resulting in a coverage ratio of 0.41. Previous encumbrances created between December 2024 and June 2026 had coverage ratios ranging from 1.58 to 1.67.