Poonawalla Fincorp to redeem NCDs worth Rs 1.70 crore

Poonawalla Fincorp Limited has decided to exercise the call option for its 12.10% Rated, Listed, Unsecured Non-Convertible Subordinated Perpetual Debt Instruments, redeeming the securities worth Rs 1.70 crore on July 3, 2026. The company will pay the accrued interest along with the principal amount to eligible debenture holders. This move follows the terms of the Information Memorandum dated July 1, 2016, which granted the issuer the option to call the bonds after a minimum period of 10 years from the date of issue.

The company has informed the debenture trustee, Catalyst Trusteeship Limited, and the NCD holders regarding its intent to exercise the call option. A request for approval of the redemption has been submitted to the Reserve Bank of India. The securities were issued on a private placement basis on July 5, 2016, with a face value of Rs 5,00,000 each.

The record date to determine the eligibility of debenture holders for the redemption payment has been fixed as June 18, 2026. Holders of the NCDs as per the records of the depository on this date will receive the redemption amount. The payment will be made by crediting the bank account linked to the demat accounts of the respective holders on the redemption date.

Details of the NCDs

Nature of security	ISIN	Principal Amount	Call Premium	Record Date	Call Option Date
12.10% Rated, Non-Convertible, Subordinated, Perpetual Debt in the nature of Debentures	INE511C08951	Rs. 1,70,00,000	N.A.	June 18, 2026	July 3, 2026

The NCDs carry a fixed coupon rate of 12.10% per annum, payable annually. The credit rating for the instruments is BWR AA- by Brickwork Ratings India Pvt Ltd. Upon the exercise of the call option and subsequent payment, the company will extinguish the said NCDs fully.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.46%	-1.88%	-6.88%	-18.33%	-2.82%	+188.10%

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.