Paisalo Digital Limited has fully redeemed 5,000 Listed, Secured Redeemable Non-Convertible Debentures (NCDs) on their maturity date of September 25, 2026. The debentures carried a coupon rate of 9.95% and a face value of ₹1,00,000 each.

The redemption pertains to the Series PDL092023 debentures. The company filed an intimation with both the BSE and the National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Redemption Details

The company confirmed the full repayment of the principal amount for the specified series. The following table outlines the key parameters of the redeemed instruments:

Regulatory Compliance

Paisalo Digital stated that the action was taken in accordance with the issue terms and applicable SEBI regulations. The intimation was signed by Manendra Singh, Company Secretary, confirming the completion of the redemption process on the scheduled date.

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.