Poonawalla Fincorp Limited has approved the issuance of secured, redeemable, rated, listed, non-convertible debentures (NCDs) aggregating up to ₹750 crore through private placement to eligible investors. The Finance Committee, authorized by the Board of Directors, sanctioned the issue on June 30, 2026, to raise funds under PFL NCD Series D1 FY2026-27. The debentures carry a face value of ₹1,00,000 each and will be issued in dematerialized form.

Issue Structure

The total issue size includes a base issue of ₹225 crore and a green shoe option to retain oversubscription up to ₹525 crore. The NCDs are proposed to be listed on BSE Limited. Specific details regarding tenor, coupon rate, payment schedules, and dates of allotment and redemption will be outlined in the key information document.

The following table summarizes the key details of the NCD issuance:

Security and Penalty Provisions

Security for the obligations will be created by way of a first ranking pari passu charge on the hypothecated properties, sufficient to provide the required security cover until the redemption date. In the event of a delay in payment of interest or principal for more than three months, the company will pay a penalty coupon at a rate of 2% over and above the applicable coupon rate until the default is cured.

The disclosure was made to the exchanges under Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shabnum Zaman, Company Secretary, signed the filing on behalf of Poonawalla Fincorp.

Poonawalla Fincorp Limited has decided to exercise the call option for 100 unsecured, rated, non-convertible, subordinated, perpetual debentures aggregating ₹10 crore. The redemption is scheduled for July 31, 2026, with the record date fixed as July 16, 2026, to determine the eligibility of debenture holders. The company has received approval from the Reserve Bank of India for the redemption of these securities.

The debentures carry a coupon rate of 12.10% per annum and were issued on a private placement basis on August 1, 2016. The instruments were listed on the wholesale debt market segment of BSE Limited. The company has informed the debenture trustee, Catalyst Trusteeship Limited, and the NCD holders regarding its intent to exercise the call option.

Details of the NCDs

The following table outlines the specifics of the debentures being redeemed:

Redemption Process

The redemption amount, comprising the face value and accrued interest, will be paid to debenture holders holding the NCDs as on the record date. The payment will be made by crediting the amount to the bank account linked to the demat accounts of the respective holders. Upon redemption, the NCDs will be fully extinguished, and no claims will lie against the company thereafter.