Poonawalla Fincorp Completes ₹155 Crore NCD Allotment on April 24, 2026

Poonawalla Fincorp has completed the allotment of 15,500 non-convertible debentures (NCDs) worth ₹155 crore on April 24, 2026, as disclosed to BSE and NSE under Regulation 30 and 51 of SEBI Listing Regulations. The Finance Committee approved the allotment through a resolution dated April 24, 2026, marking a significant debt fundraising initiative by the financial services company.

NCD Structure and Allotment Details

The debt instruments are structured as unsecured, redeemable, rated, listed, subordinated NCDs constituting Tier II capital with comprehensive terms for long-term investment:

Parameter:	Details
Total NCDs Allotted:	15,500
Face Value per NCD:	₹1,00,000
Total Issue Size:	₹155 crore
Allotment Date:	April 24, 2026
Maturity Date:	April 24, 2036
Tenure:	10 years
Coupon Rate:	8.4308% per annum
Series:	PFL NCD Series 'SDA1' FY2026-27

Issue Structure and Green Shoe Option

The NCD issue comprises a base issue size of ₹150 crore with a green shoe option of ₹5 crore, totaling ₹155 crore. The debentures are planned for listing on the debt market segment of BSE Limited, providing liquidity options for investors and enhancing tradability of these debt securities.

Regulatory Compliance and Documentation

The allotment was conducted through private placement as authorized by the Board of Directors. Company Secretary Shabnum Zaman signed the regulatory disclosure on April 24, 2026, ensuring compliance with SEBI Listing Regulations. The company has referenced a Key Information Document dated April 23, 2026, for detailed cash flow illustrations and payment schedules.

Default Protection Mechanism

The NCDs include investor protection features with a penalty coupon rate of 2% above the applicable coupon rate for any delay in payment of interest or principal amount. This additional rate applies until the default event is cured to the satisfaction of the Debenture Trustee acting on debenture-holders' instructions.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.86%	+2.31%	+10.73%	-14.93%	+3.44%	+248.87%

Poonawalla Fincorp has formalized its debt fundraising initiative with the Finance Committee's approval for issuing Non-Convertible Debentures worth ₹250 crore through private placement. The company has disclosed the complete terms and structure of the NCD issuance under SEBI Listing Regulations.

NCD Structure and Terms

The Finance Committee has approved the issuance of Unsecured, Redeemable, Rated, Listed, Subordinated Non-Convertible Debentures constituting Tier II Capital with specific structural parameters:

Parameter	Details
Face Value	₹1,00,000 per NCD
Total NCDs	25,000 debentures
Base Issue	₹150 crore
Green Shoe Option	₹100 crore
Total Issue Size	₹250 crore
Series Designation	PFL NCD Series 'SDA1' FY2026-27

Regulatory Compliance and Listing

The NCD issuance has been structured in compliance with SEBI Listing Regulations 30 and 51. The debentures will be issued in dematerialized form through private placement to eligible investors. The company has proposed listing the NCDs on BSE Limited to provide liquidity to investors.

Default Protection Mechanism

Poonawalla Fincorp has incorporated investor protection measures in the NCD structure. In case of payment delays exceeding three months from the due date, the company will pay an additional coupon rate of 2% over the applicable rate until the default is cured to the satisfaction of the Debenture Trustee.

Capital Management Strategy

The subordinated NCDs will constitute Tier II Capital for the financial services company, strengthening its regulatory capital base. The green shoe option provides operational flexibility to optimize fundraising based on market conditions and investor response during the private placement process.