Poonawalla Fincorp has announced the allotment of 42,294 equity shares under its Employee Stock Option Schemes (ESOP). The Nomination and Remuneration Committee of the Board of Directors approved this allotment on December 19, 2025, as disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Share Allotment Details

The allotted equity shares carry specific characteristics and will impact the company's overall share capital structure. The following table provides comprehensive details of the share allotment:

Updated Share Capital Structure

Following this allotment, the company's share capital structure has been revised. The issued, subscribed and paid-up equity share capital of the company now stands increased to ₹1,625.26 crore, consisting of 812,629,109 equity shares of ₹2.00 each.

Regulatory Compliance

The allotment has been made in compliance with regulatory requirements and the company's ESOP framework. These newly allotted equity shares will rank pari-passu with the existing equity shares of the company in all respects, ensuring equal rights and privileges for all shareholders.

The company has duly informed both BSE Limited and National Stock Exchange of India Limited about this corporate action, maintaining transparency with all stakeholders and ensuring proper disclosure as mandated by securities regulations.

Poonawalla Fincorp has received a significant credit rating boost from CRISIL Ratings Limited, which assigned its highest AAA/Stable rating to the company's ₹10,000 crore Non-Convertible Debentures on December 12, 2025. The rating agency also enhanced the company's total bank loan facilities rating to ₹15,285 crore from the previous ₹12,285 crore, while reaffirming existing ratings across various debt instruments.

Rating Action and Instrument Details

CRISIL's comprehensive rating action covers multiple debt instruments and facilities. The rating agency assigned the AAA/Stable rating to ₹10,000 crore of new Non-Convertible Debentures while reaffirming ratings on existing instruments.

Strong Promoter Support Framework

The ratings are anchored by the expectation of need-based timely support from Rising Sun Holdings Private Limited (RSHPL), which holds a 63.96% stake in Poonawalla Fincorp as of September 30, 2025. RSHPL is an investment holding company owned and controlled by Mr. Adar Poonawalla, with the promoter group's flagship company being Serum Institute of India Private Limited (SIIPL), rated CRISIL AAA/Stable/CRISIL A1.

SIIPL infused approximately ₹6,782 crore through compulsorily convertible cumulative preference shares in RSHPL till March 31, 2025. The rating agency notes RSHPL's commitment to maintain majority shareholding in Poonawalla Fincorp, retain management control, and provide equity capital support for growth when required.

Financial Performance and Capitalization

Poonawalla Fincorp demonstrated robust financial metrics as of September 30, 2025. The company's net worth stood at ₹9,822 crore, improved from ₹8,124 crore as of March 31, 2025, following equity infusion of around ₹1,500 crore from RSHPL through preferential issue in September 2025.

Asset Quality and Business Growth

The company maintained comfortable asset quality metrics with Gross Non-Performing Assets (GNPA) improving to 1.59% as of September 30, 2025, from 1.84% as of March 31, 2025. Net NPA also improved to 0.81% from 0.85% during the same period. Assets under management grew by 43% year-on-year in fiscal 2025 and thereafter by 68% annualized in the first half of fiscal 2026 to ₹47,701 crore as of September 30, 2025.

The company's portfolio consists primarily of retail and MSME products with a secured and unsecured mix of 56:44 for on-book portfolio as of September 30, 2025. Poonawalla Fincorp is focusing on newer segments including gold loans, consumer durable loans, prime personal loans, shopkeeper loans, education loans, and used commercial vehicle financing.

Diversified Funding Profile

As of September 30, 2025, the company maintained a diversified funding mix with total borrowings of ₹35,717 crore. The funding composition included term loans (44%), followed by NCDs (26%), commercial paper (10%), CC/WCDL line (10%), ECB (8%), and remaining through subordinated debt, perpetual debt and others. During the first half of fiscal 2026, Poonawalla Fincorp raised ₹29,871 crore gross from diversified sources, with weighted average cost of borrowings at 7.69% as of September 30, 2025.

Outlook and Key Monitorables

CRISIL maintains a stable outlook, factoring in the expectation of need-based timely support from RSHPL. The rating agency will monitor the sustainability of the company's earnings profile and performance of asset quality across asset classes, including newer segments, given the limited portfolio seasoning. The company's ability to manage operating expenses and credit costs while scaling up operations remains a key focus area for rating stability.