Poonawalla Fincorp Limited has announced the opening of a special window for re-lodgement of transfer requests for physical shares, in compliance with SEBI regulations. The initiative aims to facilitate the transfer and dematerialization of physical securities that were sold or purchased prior to April 01, 2019.

Regulatory Compliance Initiative

Pursuant to SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/1/3750/2026 dated January 30, 2026, the company has established this special window to address pending transfer requests. The window will remain operational for one year, providing shareholders with adequate time to complete their transfer formalities.

Special Window Details

Eligibility Criteria

The special window covers specific categories of transfer requests based on execution dates and previous lodgement status. The company has provided clear guidelines for shareholder eligibility:

Transfer Process and Restrictions

Securities transferred through this special window will be mandatorily credited to the transferee in demat mode only. These securities will remain under lock-in for one year from the date of registration of transfer. During the lock-in period, the securities cannot be transferred, lien marked, or pledged.

Shareholder Communication

The company has published newspaper advertisements in leading publications to ensure widespread awareness among shareholders. The advertisements appeared in The Financial Express (English) and Loksatta (Marathi), fulfilling regulatory requirements for public notification.

Shareholders are encouraged to submit necessary documents to the company's Registrar and Share Transfer Agent, MUFG Intime India Private Limited (formerly Link Intime India Private Limited), or directly to the company via email at secretarial@poonawallafincorp.com .

Contact Information

For assistance with the transfer process, shareholders can contact MUFG Intime India Private Limited at their correspondence office address: C-101, 247 Park, L B S Marg, Vikhroli West, Mumbai - 400 083, Maharashtra. The registrar can also be reached via email at investor.helpdesk@in.mprms.mufg.com or telephone at +91 8108116767.

The initiative demonstrates Poonawalla Fincorp's commitment to regulatory compliance and shareholder service, providing a structured pathway for resolving pending physical share transfer requests within the specified regulatory framework.

Poonawalla Fincorp has received comprehensive credit rating reaffirmation from CARE Ratings Limited across multiple debt instruments totaling Rs 52,752.60 crore, reinforcing the company's strong financial position and strategic importance within the Cyrus Poonawalla group. The rating action dated March 20, 2026, demonstrates continued confidence in the NBFC's creditworthiness and growth prospects.

Comprehensive Rating Action Details

CARE Ratings has taken extensive rating actions across Poonawalla Fincorp's diverse debt portfolio:

The rating agency also withdrew ratings on certain redeemed non-convertible debentures and market linked debentures following their redemption and payment confirmation.

Strong Promoter Support Framework

The ratings continue to factor in strong support expectations from the Cyrus Poonawalla group, which holds 63.95% stake in Poonawalla Fincorp through Rising Sun Holdings Private Limited (RSHPL) as of December 31, 2025. The group's flagship company, Serum Institute of India Private Limited (SIIPL), maintains robust financials with total operating income of Rs 9,549 crore and profit after tax of Rs 4,279 crore in FY24.

Key support indicators include:

• RSHPL's equity infusion of Rs 1,499.98 crore through preferential issue in September 2025
• Strategic importance reflected through shared 'Poonawalla' brand name
• Adar Poonawalla's role as board chairman
• Group's healthy financial flexibility with minimal debt obligations

Operational Performance and Scale

Poonawalla Fincorp demonstrated significant operational improvements with assets under management reaching Rs 55,017 crore as of December 31, 2025, representing substantial growth from Rs 35,631 crore as of March 31, 2025. The company has diversified its product portfolio across retail and MSME segments, launching six new products including gold loans, consumer durable loans, prime personal loans, shopkeeper loans, education loans, and commercial vehicle financing.

Asset Quality and Risk Management

Asset quality metrics showed improvement with gross non-performing assets declining to 1.51% as of December 31, 2025, from 1.84% as of March 31, 2025. Net NPA also improved to 0.80% from 0.85% during the same period. The company maintains a secured to unsecured portfolio mix of 56:44 as of December 31, 2025.

The management has recalibrated product dynamics and credit underwriting processes, particularly for the erstwhile small ticket personal loan book where stress was witnessed. With adequate provisions made for stressed assets, CARE Ratings expects better asset quality for new book generation.

Diversified Funding Profile

Poonawalla Fincorp maintains a well-diversified funding structure with total borrowings of Rs 42,498 crore as of December 31, 2025. The funding composition includes:

The company raised approximately Rs 46,591 crore gross funding during 9M FY26 from diversified sources, with weighted average cost of borrowings at 7.65% as of December 31, 2025. Strong liquidity position of Rs 6,488 crore (including undrawn lines) provides adequate buffer for operations.

Rating Outlook and Sensitivities

CARE Ratings maintains a stable outlook, reflecting expectations of continued support from the Cyrus Poonawalla group and the company's strategic importance. The rating remains sensitive to weakening of promoter linkages, overall gearing exceeding 5x on sustained basis, deterioration in asset quality with net NPA above 2%, or sustained deterioration in profitability.

The company operates through a network of over 294 branches as of December 31, 2025, supporting its 'phygital' model combining strong ground presence with AI-focused digitalization initiatives.

Source: Company/INE511C01022/e0c8ece0-37da-42ed-8afd-b33465e5c81f.pdf