CSL Finance allots ₹30 crore NCDs at 11% coupon
CSL Finance Limited allotted 30,000 NCDs worth ₹30 crore on May 21, 2026, as part of a private placement. The instruments offer an 11% coupon rate with quarterly interest payments and mature in two years. The issuance is secured by a charge on loan receivables and a personal guarantee, and the NCDs will be listed on BSE Limited.
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CSL Finance Limited has successfully completed the allotment of the second tranche of 30,000 Secured Rated Listed Redeemable Non-Convertible Debentures (NCDs) on May 21, 2026. The total value of the issuance aggregates to ₹30 crore, with each debenture carrying a face value of ₹10,000. This private placement was approved by the company's Board of Directors during its meeting on March 18, 2026, and follows an in-principle listing approval from BSE Limited dated April 20, 2026.
Key Details of the Issuance
The NCDs have a fixed tenure of two years and are set to mature on May 21, 2028. Investors will receive interest payments at a rate of 11% per annum, distributed on a quarterly schedule. The securities are secured and will be listed on BSE Limited, providing liquidity to investors.
| Feature | Details |
|---|---|
| Type of Instrument | Secured, Rated, Listed, Redeemable NCD |
| Total Amount | ₹30 crore |
| Number of NCDs | 30,000 |
| Face Value | ₹10,000 per NCD |
| Coupon Rate | 11% p.a. (Quarterly Payment) |
| Tenure | 2 Years |
| Date of Allotment | May 21, 2026 |
| Date of Maturity | May 21, 2028 |
| Listing Exchange | BSE Limited |
Security Structure
The debentures are backed by a robust security structure. This includes a first-ranking, exclusive, and continuing charge on the loan receivables of the issuer to the extent of 1.25 times the outstanding amount, including accrued coupon. Additionally, the issuance is supported by an unconditional and irrevocable personal guarantee from Mr. Rohit Gupta. The security covers all present and future current assets of the company classified as such under applicable Accounting Standards, excluding Non-Performing Assets (NPAs) as per RBI regulations.
The company confirmed that there has been no delay in the payment of interest or principal amounts exceeding three months from the due date, nor any default in payments. The debentures are redeemable at maturity on May 21, 2028.
Historical Stock Returns for CSL Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.18% | -1.13% | -5.82% | -23.89% | -29.05% | -2.36% |
Will CSL Finance Limited launch additional tranches of NCD issuances beyond the second tranche, and what would be the likely total fundraising target for fiscal year 2026-27?
How might CSL Finance's 11% coupon rate compare to future NCD offerings if RBI adjusts benchmark interest rates before the May 2028 maturity date?
What specific loan segments or business expansion plans is CSL Finance likely to deploy the ₹30 crore raised through this NCD issuance toward?
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