l&t finance has allotted 50,000 senior, secured, rated, listed, redeemable non-convertible debentures aggregating Rs 500 crore through private placement to an identified investor on April 21, 2026. The debentures carry a face value of Rs 1,00,000 each and were issued pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The debentures feature a coupon rate of 7.7942% per annum, with the first coupon payable on June 27, 2026, and annually thereafter. The instruments have an original tenor of 1,893 days and are scheduled to mature on June 27, 2031. The debentures will be listed on the Negotiated Trade Reporting Platform under the New Debt Market of the National Stock Exchange of India Limited.

Key Terms of the Debentures

Security and Default Provisions

The debentures are secured by an exclusive and first ranking charge by way of hypothecation over identified fixed deposits of the issuer and/or an exclusive and first ranking charge by way of hypothecation on identified standard receivables of the issuer. The security covers principal amount and coupon outstanding equivalent to 1 time of the principal amount.

In case of default in payment of coupon rate and/or principal redemption on the due dates, additional interest of 2% per annum over the coupon rate shall be payable by the company for the defaulting period. The NCDs will be redeemed at the redemption price of Rs 1,00,000 per NCD on the date of maturity.

Coupon Payment Schedule

L&T Finance Limited has announced key corporate events for late April 2026, including a board meeting on April 24, 2026, and an investor conference call on April 27, 2026. The company will address Q4FY26 financial results approval and conduct detailed discussions on financial performance and strategic updates with stakeholders.

Board Meeting Agenda for April 24, 2026

The board meeting scheduled for April 24, 2026, will address multiple strategic and operational matters as outlined in the company's regulatory filing made on April 14, 2026:

Conference Call Details for April 27, 2026

Following the board meeting, L&T Finance will host a conference call on April 27, 2026, to discuss Q4FY26 and FY26 financial performance and provide strategy updates. The call details are as follows:

Fundraising Proposals Under Consideration

The board will evaluate two distinct fundraising mechanisms during the April 24 meeting. The proposal for non-convertible debentures will be considered within the company's overall approved borrowing limits, while the preference shares issuance will be evaluated in accordance with applicable regulatory requirements. Both proposals align with the company's strategic financial planning initiatives.

Regulatory Compliance and Information Access

Both announcements have been made pursuant to SEBI listing regulations - the board meeting under Regulations 29 and 50, and the conference call under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The presentation materials, audio recording, and transcript from the conference call will be made available on the company's website at www.ltfinance.com/investors , along with BSE and NSE portals for transparent stakeholder communication.