Poonawalla Fincorp approves ₹750 Cr secured NCD issuance
Poonawalla Fincorp Limited approved a ₹750 crore secured NCD issuance via private placement, comprising a ₹250 crore base and ₹500 crore green shoe option. The debt is secured by a first-ranking charge on assets, with a 2% penalty clause for payment defaults exceeding three months.
*this image is generated using AI for illustrative purposes only.
Poonawalla Fincorp Limited Poonawalla Fincorp has approved the issuance of secured, redeemable, rated, and listed non-convertible debentures (NCDs) aggregating up to ₹750 crore through private placement. The Finance Committee, acting under Board authorization, sanctioned the deal on August 12, 2026, to raise capital for corporate purposes. This move strengthens the company’s liquidity position while offering investors a secured instrument backed by tangible assets.
The issuance, designated as PFL NCD Series E1 FY2026-27, consists of 75,000 debentures with a face value of ₹1,00,000 each. The structure includes a base issue of ₹250 crore and a green shoe option allowing retention of oversubscription up to ₹500 crore. The securities will be issued in dematerialized form and listed on BSE Limited.
Key Issue Terms
| Parameter | Details |
|---|---|
| Total Issue Size | Up to ₹750 crore |
| Base Issue | ₹250 crore |
| Green Shoe Option | ₹500 crore |
| Face Value | ₹1,00,000 per debenture |
| Number of Debentures | 75,000 |
| Listing Venue | BSE Limited |
| Security | First ranking pari passu charge on Hypothecated Properties |
The obligations under the debentures are secured by a first ranking pari passu charge on hypothecated properties sufficient to provide the required security cover until the redemption date. Specific details regarding tenor, coupon rates, payment schedules, and redemption dates are outlined in the key information document.
Investor Protections
To safeguard investor interests, the company has instituted a penalty mechanism for payment delays. If there is a default in paying interest or principal for more than three months from the due date, Poonawalla Fincorp must pay a coupon at a rate of 2% over and above the applicable coupon rate. This penalty applies for the duration of the delay until the event of default is cured to the satisfaction of the Debenture Trustee, acting on instructions from debenture-holders.
Regulatory Compliance
The disclosure was made pursuant to Regulation 30 and Regulation 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shabnum Zaman, Company Secretary of Poonawalla Fincorp Limited, signed the filing submitted to both BSE Limited and National Stock Exchange of India Limited.
Historical Stock Returns for Poonawalla Fincorp
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.64% | +3.08% | -0.21% | -1.06% | +9.41% | +176.71% |
How will the ₹750 crore capital raise impact Poonawalla Fincorp's debt-to-equity ratio and overall leverage metrics?
What specific corporate purposes will the raised funds be allocated to, and how might this influence the company's future asset growth strategy?
Given the current interest rate environment, how does the coupon rate of these NCDs compare with peer financing costs in the NBFC sector?
20
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
