Poonawalla Fincorp Limited announced the approval of a significant non-convertible debenture (NCD) issuance by its Finance Committee. The company will raise a total of ₹1,318 crore through the allotment of secured, redeemable, rated, and listed NCDs. This issuance is divided into two tranches: one amounting to ₹913 crore and another for ₹405 crore. The debentures carry a face value of ₹1,00,000 each and are set to mature between 2026 and 2030.
Poonawalla Fincorp Raises Capital Via NCD Issuance
Poonawalla Fincorp Limited, a prominent financial services company, has received approval for a substantial non-convertible debenture (NCD) issuance. The company’s Finance Committee, in a resolution dated October 29, 2026, sanctioned the allotment of these secured, redeemable, rated, and listed NCDs. This move is part of the company’s ongoing capital-raising strategy.
Key Details of the NCD Allotment
The approved issuance comprises two series of NCDs:
- Series 1: 91,300 secured, redeemable, rated, listed non-convertible debentures (PFL NCD SERIES ZCB G1 FY 2026-27, ISIN: INE511C07AF0) with a face value of ₹1,00,000 each, totaling ₹913,00,00,000/- (Rupees Nine Hundred and Thirteen Crore only). These debentures have a tenure of 1,461 days and are set to mature on October 29, 2030. They are structured as Zero Coupon bonds.
- Series 2: 40,500 secured, redeemable, rated, listed non-convertible debentures (PFL NCD SERIES G2 FY 2026-27, ISIN: INE511C07AG8) with a face value of ₹1,00,000 each, amounting to ₹405,00,00,000/- (Rupees Four Hundred and Five Crore only). These debentures have a tenure of 1,096 days and a maturity date of October 29, 2029. They carry a coupon rate of 9.00% p.a.
Listing and Security
Both series of debentures will be listed on the Debt Market Segment of the BSE Limited. The obligations under these NCDs will be secured by a first-ranking pari passu charge on the company’s Hypothecated Properties, ensuring adequate security cover until the redemption date.
Investor Information
Detailed information regarding the illustration of cash flows and special rights attached to these instruments can be found in the Key Information Document dated October 28, 2026. In case of any delay in payment of interest or principal beyond three months, the company shall pay coupon on the NCDs at a rate of 2% (two per cent) over and above the applicable coupon rate until the default is cured.
Source: BSE
