IIFL Finance Limited has allotted 4,650 Secured, Listed, Rated, Market Linked Non-Convertible Debentures (NCDs) aggregating ₹46.50 crore on a private placement basis. The allotment was approved by the Finance Committee of the Board of Directors on October 5, 2026.

The debentures are issued under Series MLD 1 with a face value of ₹1 lakh each. These instruments are proposed to be listed on the National Stock Exchange of India Limited. The coupon or interest for these securities is linked to the performance of the Nifty 50 Index.

Instrument Details

The NCDs have a tenor of 1,281 days from the deemed date of allotment. Both interest and principal amounts will be paid upon maturity. The security cover is maintained through a first ranking pari passu charge by way of hypothecation over the company's receivables, book debts, loans, advances, and current assets.

Security and Redemption Terms

The company maintains a security cover of at least 100% of the outstanding amounts in respect of the debentures at all times during their tenor. In the event of default or delay in payment of interest or redemption of principal exceeding three months from the due date, IIFL Finance shall pay additional interest at 2% per annum over the coupon rate for the defaulting period.

Redemption of the debentures will occur at ₹1 lakh per debenture on the maturity date, April 8, 2030. No special rights, interests, or privileges are attached to these non-convertible debentures.

IIFL Finance Limited allotted ₹130 crore worth of secured, listed, rated, redeemable non-convertible debentures (NCDs) on a private placement basis. The allotment was approved by the Finance Committee of the Board of Directors on September 21, 2026.

The issuance falls under Series D37 Reissue I and comprises 13,000 debentures with a face value of ₹1 lakh each. The company intends to list these instruments on the National Stock Exchange of India Limited (NSE).

Deal Structure and Terms

The NCDs carry a coupon rate of 9.25% per annum. Interest payments are scheduled for September 2, 2027, and September 1, 2028. The principal amount is due for redemption on September 1, 2028, marking a tenor of approximately two years from the deemed date of allotment.

Security and Default Provisions

The debentures are secured by a first-ranking pari passu charge over the company’s current, standard, and performing book debts, loans, advances, and current assets or receivables. This security cover includes receivables arising from gold loans, MSME/business loans, real estate loans, capital market loans, and loans against property granted to customers.

In the event of a default, including delays in interest or principal payment exceeding three months, the company is obligated to pay additional interest at 2% per annum over the applicable coupon rate. This penalty applies to both the defaulted amounts and the outstanding principal.

Regulatory Compliance

The disclosure was made pursuant to Regulations 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation aligns with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.