Sahara Housingfina Corporation Completes Second Partial NCD Redemption of Rs 9 Crore
Sahara Housingfina Corporation Limited completed its second partial NCD redemption of Rs 9 crore on March 30, 2026, as part of its structured debt repayment plan. The company originally issued Rs 30 crore worth of 7% unlisted secured NCDs in 2017 with a three-phase redemption schedule. With this latest payment, the outstanding NCD balance reduces to Rs 12 crore, with final redemption due March 2027. The company reported no delays or defaults, maintaining full compliance under debenture trustee supervision.
*this image is generated using AI for illustrative purposes only.
Sahara Housingfina Corporation Limited has successfully executed the second partial redemption of its Non-Convertible Debentures (NCDs), completing a Rs 9 crore repayment on March 30, 2026. The redemption was carried out in accordance with the structured payment schedule established in the original Information Memorandum, with no delays or defaults reported in the process.
NCD Structure and Original Issuance
The company had privately placed the NCDs on March 31, 2017, issuing 30 debentures of Rs 1 crore each to a single entity. The securities carry key characteristics outlined below:
| Parameter: | Details |
|---|---|
| Total Issue Size: | Rs 30 crore |
| Interest Rate: | 7% |
| Security Type: | Unlisted Secured Non-Convertible Debentures |
| Face Value: | Rs 1 crore each |
| Number of Debentures: | 30 |
| Debenture Trustee: | Catalyst Trusteeship Limited, Pune |
| Registration Number: | IND000000034 |
Redemption Schedule and Current Status
The NCDs follow a structured redemption plan spread across three years, with varying percentages redeemed at different intervals. The redemption timeline demonstrates the company's systematic approach to debt servicing:
| Redemption Phase: | Date | Amount | Percentage |
|---|---|---|---|
| First Redemption: | March 31, 2025 | Rs 9 crore | 30% |
| Second Redemption: | March 30, 2026 | Rs 9 crore | 30% |
| Final Redemption: | March 31, 2027 | Rs 12 crore | 40% |
Outstanding Balance and Compliance
Following the completion of the second redemption on March 30, 2026, the outstanding balance of the 7% unlisted secured NCDs now stands at Rs 12 crore, comprising 12 debentures of Rs 1 crore each. The company has maintained full compliance with its redemption obligations, with interest payments made alongside the principal amount.
The matter has been duly reported to the debenture trustee, Catalyst Trusteeship Limited, Pune, ensuring proper oversight and regulatory compliance. The company confirmed that no fresh Non-Convertible Securities have been issued since the original 2017 placement, including during the reporting quarter ended March 31, 2026.
Regulatory Disclosure
This disclosure was made pursuant to Regulation 57(5) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating the company's commitment to transparent reporting of its debt obligations. The final redemption of Rs 12 crore is scheduled for March 31, 2027, completing the structured repayment of the entire NCD issue.
Historical Stock Returns for Sahara Housing Fina Corporation
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -11.57% | +11.10% | -0.58% | -12.16% | -3.26% | +10.17% |
Will Sahara Housingfina Corporation consider issuing new NCDs or explore alternative financing options after the final redemption in March 2027?
How might the company's debt-free status post-2027 impact its expansion plans and investment strategy in the housing finance sector?
What are the potential implications for Sahara Housingfina's credit rating and borrowing costs for future debt issuances given its consistent redemption track record?
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