ibl finance has allotted 38 unlisted, secured, redeemable Non-Convertible Debentures (NCDs) aggregating ₹38 lakh on a private placement basis. The NCDs carry a fixed coupon rate of 13% per annum, with interest payable monthly. The allotment was approved by the Finance Committee at its meeting held on May 23, 2026.

The instruments have a face value of ₹1,00,000 each and are secured by a charge on the company's receivables and book debts. The security coverage is maintained at a minimum of 1.05 times the loan amount. The NCDs are unrated and taxable, with a tenure of 748 days maturing on June 09, 2028.

Key Terms of Allotment

The table below outlines the specific details of the NCD issuance:

The Board of Directors had initially approved the issuance of NCDs on July 16, 2025, which was subsequently ratified by shareholders through a special resolution at the Annual General Meeting on August 22, 2025. The intimation was submitted to the National Stock Exchange of India Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Default Provisions

The filing outlines specific penalties for delays in payment. In the event of a default in coupon payment or principal redemption, the company will pay additional interest of at least 1% per annum over the coupon rate for the defaulting period. Furthermore, if the company fails to execute the trust deed within the period specified in the Companies Act, it will pay interest of at least 1% per annum to the debenture holders until the deed is executed.

IBL Finance Limited has received a confirmation from its promoter group stating that no encumbrance was created on the shares held by them during the financial year 2025-26. The disclosure was submitted by Mansukhbhai Kunvarjibhai Patel, Karta of Mansukhbhai K Patel HUF, on behalf of the promoters and persons acting in concert (PAC) in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

The promoter confirmed that neither Mansukhbhai K Patel HUF nor any other members of the promoter group have made any encumbrance, directly or indirectly, on the equity shares of the company during the financial year ended March 31, 2026. The declaration was addressed to the Listing Compliance Department of the National Stock Exchange of India Limited and the Audit Committee of ibl finance .

Promoter and Promoter Group Details

The disclosure included a comprehensive list of individuals and entities comprising the promoter and promoter group of the company. The list distinguishes between designated promoters and members of the promoter group.

The letter, dated April 3, 2026, requested the exchange and the company's audit committee to place the information on their records. The confirmation serves as a formal declaration to the regulatory authorities regarding the status of shareholding by the promoters during the specified period.