Bajaj Finance has allotted 1,39,000 Secured Redeemable Non-Convertible Debentures (NCDs) aggregating to ₹1,455.40 crore on a private placement basis. The Debenture Allotment Committee approved the issuance at a face value of ₹1 lakh each and an issue price of ₹1,04,705.27 per NCD during its meeting held on 18 June 2026. The funds were raised at a coupon rate of 7.07% per annum, with interest payable annually starting 21 September 2026.

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.

Breakdown of the Allotment

The issuance details, including the specific tenure and maturity dates, are outlined below:

Coupon Payment Schedule

Interest payments for the NCDs will occur annually. The first coupon is payable on 21 September 2026, with subsequent payments due on 21 September 2027 and 21 September 2028. 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.