Poonawalla Fincorp has allotted 25,000 secured, redeemable, rated, listed Non-Convertible Debentures (NCDs) amounting to ₹250 crore through a private placement. The Finance Committee approved the allotment on July 16, 2026, as authorized by the Board of Directors. The NCDs, designated as PFL NCD Series D2 FY 2026-27, carry a coupon rate of 8.139% per annum and are set to mature on September 26, 2029.

NCD Issuance Details

The key parameters of this NCD allocation are summarised below:

Security and Default Terms

The obligations under the debentures are secured by way of a first ranking pari passu charge on the hypothecated properties, sufficient to provide the required security cover until the redemption date. In the event of a delay in payment of interest or principal for more than three months, the company will pay an additional 2% over the applicable coupon rate for the period until the default is cured to the satisfaction of the Debenture Trustee.

Poonawalla Fincorp Limited has raised ₹500 crore through the issuance of secured, redeemable, non-convertible debentures (NCDs) on a private placement basis. The Finance Committee, authorized by the Board of Directors, approved the issuance on July 13, 2026, to bolster the company's financial resources. The debentures carry a face value of ₹1,00,000 each and are proposed to be listed on BSE Limited, providing an investment avenue for eligible investors.

The total issue size of ₹500 crore comprises a base issue of ₹250 crore and a green shoe option to retain oversubscription up to ₹250 crore. This structure allows the company to manage capital allocation flexibly based on investor demand. The NCDs, designated as PFL NCD Series D2 FY2026-27, are secured by way of a first ranking pari passu charge on hypothecated properties, ensuring adequate security cover until the redemption date.

Key Terms of the Issue

The specific tenor, coupon rate, and payment schedules for the interest and principal are detailed in the key information document. The company has established a mechanism to handle delays in payment, stipulating that a penalty coupon of 2% over the applicable rate will apply for any default period until the issue is resolved to the satisfaction of the Debenture Trustee.

The disclosure was made in compliance with Regulation 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The issuance represents a strategic move by Poonawalla Fincorp to diversify its funding sources while securing long-term capital.