Aditya Birla Capital Limited has allotted 19,200 unsecured, rated, listed, taxable, redeemable subordinated non-convertible debentures (NCDs) aggregating ₹192 crore on a private placement basis.

The allotment was completed on September 23, 2026, to identified investors. The securities have a face value of ₹1 lakh each and carry a coupon rate of 8.0668% per annum. The issue was originally structured with a base size of ₹150 crore and a green shoe option up to ₹350 crore, with the final allotment falling within this range.

Instrument Details and Terms

The debentures are classified as Tier-II capital instruments given their subordinated nature. They are listed on both the BSE and the National Stock Exchange of India. The instruments are unsecured, meaning no charge or security is created over the company's assets for these specific securities.

Maturity and Payment Schedule

The debentures have a tenor of approximately 10 years, with a maturity date of April 30, 2036. The coupon payments are scheduled annually on April 30 each year, starting from April 30, 2027. The principal amount of ₹1,00,000 per debenture will be redeemed at par on the maturity date.

The filing notes that the cash flow schedule includes accrued interest payments at the time of allotment. Specifically, investors paid a total inflow of ₹1,00,439.5794 per debenture, which comprises the principal amount of ₹97,212.8594 and accrued interest of ₹3,226.7200.

What the Numbers Show

The allotted size of ₹192 crore represents a significant portion of the maximum potential issuance under the green shoe option (₹350 crore), indicating strong demand from identified investors for the company's subordinated debt. The coupon rate of 8.0668% reflects the cost of capital for this specific tranche of long-term, subordinated funding, which is typically higher than senior debt due to its lower priority in the capital structure. The choice of a private placement basis allows for targeted capital raising without the broader market exposure of a public issue.

Aditya Birla Capital Limited participated in analyst and institutional investor meetings on September 22, 2026, at the J.P. Morgan India Conference in Mumbai. The company engaged with eight major funds, including Alliance Bernstein, DSP Investment Managers, and HSBC Mutual Fund.

The disclosure follows an advance intimation letter dated September 17, 2026, filed under Regulation 30(6) read with Regulation 46(2)(o) of the SEBI (LODR) Regulations, 2015. The meetings were conducted physically as part of the conference schedule.

Meeting participants

The following funds and institutions participated in the discussions:

Disclosure details

The presentation discussed during the meetings was already uploaded on the company's website prior to the sessions. The company confirmed that no unpublished price sensitive information was shared during these interactions.

The communication was signed by Pinky Atul Mehta, Chief Financial Officer, on September 22, 2026. Copies were sent to the Luxembourg Stock Exchange, Citi Bank N.A., and Banque Internationale à Luxembourg SA.