Paisalo Digital Limited has received an additional credit rating assignment from Infomerics Analytics and Research Private Limited for Non-Convertible Debentures worth Rs 55 crore. The company informed the stock exchanges about this development through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Rating Assignment Details

Infomerics Analytics and Research Private Limited assigned an IVR AA/Stable rating to the proposed Non-Convertible Debentures (Long term) facility. This rating assignment is in addition to the existing ratings for the company's various debt instruments and banking facilities.

Comprehensive Rating Portfolio

The rating agency conducted a comprehensive review of Paisalo Digital's credit facilities, taking into account the company's operational and financial performance for FY2025 (Audited) and 9MFY26 financial results. The total rated facilities now amount to Rs 4,699 crore across various instruments.

Long-Term Facilities

Short-Term Facilities

Rating Validity and Monitoring

The assigned rating is valid for one year from the rating committee date of August 05, 2026. Infomerics reserves the right to undertake surveillance and review of the ratings based on circumstances, with at least one review conducted annually. The company is required to provide monthly No Default Statements and quarterly performance results for continuous monitoring of the assigned ratings.

Regulatory Compliance

The rating assignment was communicated to multiple exchanges and regulatory bodies including BSE Limited, National Stock Exchange of India Limited, AFRINEX Exchange Listing Centre, and India International Exchange (IFSC) Ltd. The company also informed its trustees Axis Trustee Services Limited and MITCON Credentia Trusteeship Services Limited about this development.

Paisalo Digital Limited has successfully completed the allotment of 51,000 secured non-convertible debentures, each priced at Rs 10,000, raising Rs 51 crore through private placement. The Operations and Finance Committee of the Board of Directors approved the allotment on March 18, 2026, with debentures carrying an interest rate of 9.25% per annum and a tenure of 30 months.

Allotment Details

The company has formally communicated the outcome of its Operations and Finance Committee meeting to BSE Limited and National Stock Exchange of India Limited, confirming the successful allotment under Regulation 30 of SEBI regulations. The debentures are fully paid, rated, listed, senior, secured, redeemable, taxable, and transferable non-convertible debentures issued through private placement.

Terms and Payment Structure

The allotted debentures carry a coupon rate of 9.25% per annum with monthly interest payments to investors. The securities are scheduled for redemption at par value on September 18, 2028, marking the completion of the 30-month tenure from the allotment date. The debentures will be listed on stock exchanges for trading purposes.

Security and Risk Management

The non-convertible debentures are secured by a first ranking exclusive charge on loan receivables, referred to as "Hypothecated Receivables." The company maintains the security value at all times equal to 1.10 times the aggregate amount of principal outstanding of the NCDs, providing enhanced protection to investors.

In case of delayed payment of interest or principal redemption for more than three months from the due date, the company will pay an enhanced rate of coupon rate plus 2.00% per annum as penalty interest. This provision ensures timely servicing of debt obligations and protects investor interests.

Regulatory Compliance

The debenture allotment has been completed in compliance with Regulations 30 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has formally notified both BSE Limited and National Stock Exchange of India Limited about the successful allotment through official regulatory filings.

The company secretary Manendra Singh has digitally signed the regulatory communication, confirming the completion of all procedural requirements for the debenture issuance.

Source: Company/INE420C01059/18fde1a3-e0cf-46d6-ba51-82d9625ffaa5.pdf