Poonawalla Fincorp Limited has approved the allotment of 15,000 unsecured, redeemable, rated, and listed Non-Convertible Debentures (NCDs), constituting Tier II Capital. The face value of these NCDs is ₹1,00,000 each, amounting to a total of ₹150,00,00,000 (₹150 Crore). The allotment was approved by the Finance Committee on August 21, 2026, with a coupon rate of 8.4308% p.a.
Poonawalla Fincorp Approves NCD Allotment
Poonawalla Fincorp Limited has announced the approval for the allotment of 15,000 unsecured, redeemable, rated, listed, and subordinated Non-Convertible Debentures (NCDs). These debentures are designated to constitute Tier II Capital for the company.
Key Details of the NCD Issue
Each NCD has a face value of ₹1,00,000 (Rupees One Lakh), bringing the total issue size to ₹150,00,00,000 (Rupees One Hundred Fifty Crore only). The Finance Committee of the company passed a resolution approving this allotment on August 21, 2026. The total amount received for this issue, including accrued interest and after discount, amounts to ₹153,54,32,550.
Financial and Tenure Information
The approved NCDs will bear a coupon or interest rate of 8.4308% per annum. The tenure for the ‘PFL NCD Series SDA1 FY2026-27 Re-issuance II’ is 3,534 days, with a maturity date of April 24, 2036. The debentures are proposed to be listed on the Debt Market Segment of the BSE Limited.
Terms of the Instrument
The debentures are classified as unsecured, meaning no specific assets are charged as security. In case of any delay in the payment of interest or principal beyond three months from the due date, the Company shall pay a penalty of 2% over and above the applicable coupon rate until such default is cured.
Source: BSE
