Bajaj Finance has successfully raised ₹4,505.15 crore through the private placement of Secured Redeemable Non-Convertible Debentures (NCDs). The Debenture Allotment Committee approved the issuance of 4,50,000 NCDs at a face value of ₹1 lakh each during its meeting held on 12 June 2026. The funds were raised across two distinct tranches, offering varying coupon rates and maturity periods to investors.

The debentures are secured by a first pari-passu charge on book debts and loan receivables. The security cover is stipulated to be not less than 1.00 times the aggregate outstanding value of the debentures issued under this document. These instruments are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited, providing liquidity to investors.

Breakdown of the Allotment

The issuance was split into two options, catering to different investment horizons. Option I consists of 2,00,000 NCDs aggregating to ₹2,000.90 crore, while Option II comprises 2,50,000 NCDs aggregating to ₹2,504.25 crore. The details of the coupon rates and tenures are outlined below:

Coupon Payment Schedule

Interest payments for the NCDs will occur annually. For Option I, the first coupon is payable on 12 June 2027, with subsequent payments due on 12 June 2028 and 12 June 2029. For Option II, the first coupon payment is scheduled for 12 May 2027, followed by annual payments on 12 May for the years 2028, 2029, 2030, and 2031. The debentures are redeemable at maturity.

Bajaj Finance Limited has informed shareholders about the Tax Deduction at Source (TDS) applicable to the final dividend and the necessity of updating bank account details to ensure compliance with regulatory mandates. The communication, sent on Tuesday, 9 June 2026, addresses shareholders holding shares as of the cut-off date of Friday, 5 June 2026. The company emphasized that dividend income is taxable in the hands of shareholders under the Income Tax Act, 2025, necessitating tax deduction at source by the company where applicable.

The company detailed the documentation required for shareholders to claim exemption from TDS on dividend income. To avoid deduction, eligible shareholders must provide the necessary proof of exemption as per the provisions of the Income Tax Act, 2025. This measure ensures that the company adheres to its statutory obligation to deduct tax at source while allowing shareholders to validate their eligibility for concessions.

In addition to tax compliance, Bajaj Finance Limited requested shareholders to update their bank account details. For shares held in dematerialised form, details must be updated with the Depository Participant. For physical shareholdings, updates should be made directly with the company or its Registrar and Transfer Agent, KFin Technologies Ltd. This step is critical as the company is mandated to pay dividends exclusively through electronic modes under the SEBI Listing Regulations.

The communication serves as a procedural notice to facilitate smooth dividend distribution and regulatory adherence. Shareholders were advised to act promptly to ensure their records are current and to avoid any disruptions in receiving payments. A specimen copy of the detailed communication is available on the company's website for reference.