Poonawalla Fincorp fixes June 11 record date for NCD redemption
Poonawalla Fincorp Limited has fixed June 11, 2026, as the record date for the mandatory redemption of 80,000 Partly Paid-Up NCDs amounting to ₹8 crore, following the absence of balance payment notices from holders. The redemption is set for June 26, 2026, under SEBI regulations, with proceeds credited to Beneficial Owners upon corporate debit action.
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Poonawalla Fincorp Limited has fixed June 11, 2026, as the record date for the mandatory redemption of 80,000 Partly Paid-Up Non-Convertible Debentures (NCDs) totaling ₹8 crore. The redemption, scheduled for June 26, 2026, follows the company's failure to receive Balance Payment Subscription Notices from debenture holders by the stipulated deadline of May 16, 2026. The debentures, issued under Series 'C4' STRPP II FY2025-26 (ISIN: INE511C07904), will be redeemed along with accrued interest to the extent of the paid-up value.
Record Date and Redemption Details
The record date of June 11, 2026, determines eligibility for the payment of interest and the principal amount. The company will credit the proceeds to the Beneficial Owners upon receipt of necessary corporate debit actions. The key parameters of the issue are outlined below:
| Parameter | Details |
|---|---|
| ISIN | INE511C07904 |
| Security Description | Secured, Rated, Listed, Redeemable, Partly Paid Non-Convertible Debentures |
| Number of NCDs | 80,000 |
| Face Value per Debenture | Rs. 1,00,000/- |
| Paid-Up Value per Debenture | Rs. 1,000/- |
| Total Paid-Up Amount | Rs. 8,00,00,000/- (Rupees Eight Crore only) |
| Record Date | June 11, 2026 |
| Date of Redemption | June 26, 2026 |
Regulatory Framework and Process
The intimation was filed pursuant to Regulation 60(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 23(7) of the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021. It also references SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/000000137 dated October 15, 2025. Post-redemption, the debentures will be extinguished via corporate action instructions to depositories NSDL and CDSL. The filing was signed by Shabnum Zaman, Company Secretary, on May 26, 2026.
Historical Stock Returns for Poonawalla Fincorp
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.99% | +5.88% | -2.40% | -8.95% | -3.97% | +157.38% |
How will the mandatory redemption of these NCDs impact Poonawalla Fincorp's liquidity position and capital allocation plans for FY2026-27?
Does the failure to receive Balance Payment Subscription Notices indicate a shift in investor sentiment towards partly paid-up debt instruments?
Will this redemption event affect the company's credit ratings and its ability to raise future debt at competitive rates?
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