Bajaj Housing Finance allots NCDs worth Rs 1,501 crore

Bajaj Housing Finance has allotted Secured Redeemable Non-Convertible Debentures (NCDs) aggregating Rs 1,501.0655 crore on a private placement basis to raise capital. The Debenture Allotment Committee approved the issuance of 1,50,000 NCDs at a face value of Rs 1,00,000 each. The instruments carry a coupon rate of 7.53% per annum, with interest payments scheduled annually starting 28 September 2026. The debentures have a tenure of 1,179 days and are set to mature on 28 September 2029.

The NCDs will be secured by a first pari-passu charge on book debts and loan receivables, ensuring the security cover is equivalent to 1.00 time the aggregate outstanding value of the debentures. The company intends to list these debentures on the Wholesale Debt Market Segment of BSE Limited. The allotment was finalized during a committee meeting held on 7 July 2026.

Key Details of the Allotment

Particulars	Details
Size of the issue	Rs 1,501.0655 crore
Tenure of the instrument	1,179 days
Date of allotment	7 July 2026
Date of maturity	28 September 2029
Coupon/interest offered	7.53% p.a.
Listing	Wholesale Debt Market Segment of BSE Limited

Payment Schedule

The repayment structure includes annual interest payments and principal repayment at maturity. The first interest payment is due on 28 September 2026, followed by subsequent payments on the same date in 2027 and 2028. The final installment, comprising the fourth interest payment and the principal repayment, is scheduled for 28 September 2029.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.30%	+1.69%	+0.97%	-1.72%	-23.93%	-46.89%

Bajaj Housing Finance Limited has scheduled its 18th Annual General Meeting (AGM) for Wednesday, July 29, 2026, at 3:45 p.m. IST via Video Conferencing (VC) and Other Audio-Visual Means (OAVM). The company dispatched the notice of e-AGM and Annual Report for FY2026 on July 4, 2026, to members holding shares as on June 26, 2026. The meeting will seek shareholder approval for material related party transactions with its holding company, Bajaj Finance Limited (BFL), amounting to ₹18,152 crore.

AGM Agenda and Key Resolutions

The ordinary business includes the adoption of financial statements for the year ended March 31, 2026, and the re-appointment of Director Rajeev Jain (DIN: 01550158), who retires by rotation. The special business focuses on two key resolutions: authorising the Board to issue Non-Convertible Debentures (NCDs) through private placement up to ₹1,50,000 crore and approving omnibus related party transactions with BFL.

The proposed transactions with BFL cover the period from the conclusion of the 18th AGM up to the date of the 19th AGM. This represents an increase from the ₹12,612 crore approved at the previous AGM, driven by higher loan portfolio assignments and transfers.

Breakdown of Related Party Transactions

The Audit Committee reviewed the transactions on April 27, 2026, and the Board recommended them for approval. BFL holds 86.70% of the company's equity share capital.

Transaction Type	Amount (₹ in crore)
Transfer/sale of loans or loan pools	12,550
Availing of loans or advances	2,500
Down-sell/Consortium Lending/Novation	3,039
Charges for inter-company services	42
Sourcing of products	21
Total	18,152

E-Voting and Participation Details

KFin Technologies Limited is the Registrar and Share Transfer Agent facilitating the process. Remote e-voting opens on Saturday, July 25, 2026, at 9:00 a.m. IST and closes on Tuesday, July 28, 2026, at 5:00 p.m. IST. The cut-off date for determining eligibility for e-voting is Wednesday, July 22, 2026.

Members who became shareholders after the notice dispatch but are on record as of the cut-off date may obtain login credentials by emailing evoting@kfintech.com . The Scrutiniser for the process is Sachin Bhagwat or Ms. Amruta Patil.