IndoStar Capital Finance Limited has successfully completed a significant debt fundraising exercise through the allotment of non-convertible debentures worth ₹500.00 crore. The company's Borrowing Committee approved this allotment on January 22, 2026, marking a substantial capital raising initiative through the private placement route.

Debenture Structure and Details

The allotment comprises 50,000 senior, secured, redeemable, rated, listed, taxable non-convertible debentures, each carrying a face value of ₹1,00,000.00. The issue is structured across three distinct series with varying interest rates and tenors to cater to different investor preferences.

Security and Listing Arrangements

The debentures are secured by a first pari-passu charge through hypothecation over the company's portfolio of assets and receivables. The security specifically covers assets that are not more than 90 days overdue from the original scheduled date, along with cash equivalents and unencumbered treasury assets. The securities will be listed on the negotiated trade reporting platform of the National Stock Exchange of India Limited.

Payment Schedule and Maturity Details

All three series follow an annual interest payment structure with principal repayment on maturity. The maturity dates are staggered across different periods:

Each series has a detailed coupon payment schedule with the final payment combining both principal and interest. For Series XXVIII, the final payment amounts to ₹1,08,850.00 per debenture, while Series XXIX concludes with ₹1,08,900.00 per debenture, and Series XXX with ₹1,09,100.00 per debenture.

Corporate Compliance and Documentation

The allotment was executed in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled all necessary regulatory intimation requirements to both BSE Limited and National Stock Exchange of India Limited. The detailed payment schedules and security arrangements have been documented in the Debenture Trust Deed and related security documents, ensuring comprehensive protection for debenture holders.

IndoStar Capital Finance Limited has announced strategic changes to its senior management team, effective January 20, 2026. The company communicated these developments to the National Stock Exchange of India and BSE Limited under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Leadership Restructuring Details

The management changes involve two key appointments within the technology leadership structure. The company has re-designated Mr. Amit Kothari from his current position as Chief Technology Officer to the newly created role of Chief AI Officer. Simultaneously, Mr. Shivam Choudhary has been appointed as the new Chief Technology Officer, both positions classified as Senior Management Personnel.

New CTO Profile and Experience

Mr. Shivam Choudhary brings extensive experience to his new role as Chief Technology Officer. His professional background spans 19 years in Information Technology, with specialized expertise in several critical areas:

• Digital Transformation: Leading large-scale technology initiatives across diverse industries
• Fintech Innovation: Driving technological advancement in financial services
• IT Strategy: Developing comprehensive technology roadmaps for organizational growth
• Enterprise Solutions: Successfully implementing technology solutions to optimize operations and enhance customer experience

Strategic Technology Leadership

The new CTO has demonstrated proven capabilities in managing substantial technology investments. His experience includes strategically managing multi-million-dollar IT budgets while ensuring cost optimization and maximizing returns on technology investments. This expertise aligns with the company's focus on sustainable growth through technological advancement.

Regulatory Compliance

The appointments were formally communicated through proper regulatory channels, with Company Secretary & Compliance Officer Shikha Jain signing the official notification. The disclosure follows SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, ensuring full compliance with listing obligations and disclosure requirements.

These strategic appointments reflect IndoStar Capital Finance's commitment to strengthening its technology leadership capabilities, particularly in artificial intelligence and digital transformation areas critical to modern financial services.