Poonawalla Fincorp has approved the issuance of secured, redeemable, rated, listed, non-convertible debentures (NCDs) with a face value of ₹1,00,000 each. The total issuance will aggregate up to ₹500,00,00,000 (Rupees Five Hundred Crore only). The NCDs will be issued in dematerialized form through private placement and are proposed to be listed on the BSE Limited.
NCD Issuance Approval
The Finance Committee of Poonawalla Fincorp, authorized by the Board of Directors, has approved the issuance of secured, redeemable, rated, listed, non-convertible debentures (NCDs). The issuance, dated February 02, 2026, will be executed through private placement.
Key Details of the NCDs
The NCDs will have a face value of ₹1,00,000 each, with the total amount aggregating up to ₹500,00,00,000. These NCDs are part of the PFL NCD Series ‘K1’ FY 2025-26. The key details pertaining to tenor, coupon offered, schedule of payment and date of redemption will be specified in the key information document.
Listing and Security
The NCDs are proposed to be listed on BSE Limited. Obligations under the Debentures shall be secured by way of first ranking pari passu charge on the Hypothecated Properties which is sufficient to provide required Security Cover until the Redemption Date. Any special rights, interests or privileges attached to the instrument will be outlined in the key information document.
Delay in Payment
In case of a delay in the payment of interest or principal amount for a period of more than three months from the due date, or in the event of default in payment of interest or principal, the company will pay coupon on the NCDs at a rate of 2% over and above the applicable coupon rate. This increased rate will apply until the event of default is rectified to the satisfaction of the Debenture Trustee.
Source: BSE
