Poonawalla Fincorp Limited announced the allotment of 1,00,000 secured, redeemable, rated, listed, non-convertible debentures (NCDs) on February 20, 2026, through a private placement. The total face value amounts to ₹1,000 Crore, with an aggregate premium of ₹92.75 Lakhs, bringing the total issue size to ₹1000.9275 Crore. The NCDs carry a tenure of 843 days and an interest rate of 7.8788% p.a.
Approval and Issuance of Debentures
The Company has officially confirmed the allotment of a new series of debt instruments following approval by the Finance Committee on February 20, 2026. This action was executed pursuant to the authority granted by the Board of Directors.
Key Financial Details of the Allotment
The allotment involves 1,00,000 secured, redeemable, rated, listed, non-convertible debentures. The specific terms of the issue are summarized below:
- Face Value: ₹ 1,00,000/- (Rupees One Lakh) per debenture.
- Total Face Value Amount: ₹1000,00,00,000/- (Rupees One Thousand Crore only).
- Aggregate Premium: ₹ 92,75,000/- (Rupees Ninety Two Lakhs and Seventy Five Thousand only).
- Total Issue Amount: ₹1000,92,75,000/- (Rupees One Thousand Crore Ninety Two Lakhs and Seventy Five Thousand only).
- Designation: PFL NCD Series ‘K2’ FY2025-26.
Instrument Maturity and Interest Structure
The debentures have a specified tenure and maturity date, as well as a defined coupon rate:
- Tenure: 843 Days (equivalent to 2 Years and 112 Days).
- Date of Allotment: February 20, 2026.
- Date of Maturity: June 12, 2028.
- Coupon/Interest Offered: 7.8788% p.a.
Listing and Security Details
The NCDs are intended to be listed on the stock exchanges and are backed by security:
- Listing Status: The Debentures would be listed in the Debt Market Segment of the BSE Limited.
- Charge/Security: The obligations are secured by a first ranking pari passu charge on the Hypothecated Properties to ensure the required Security Cover is maintained until the Redemption Date.
Default Provisions
In the event of a delay in the payment of interest or principal amount exceeding three months from the due date, the Company is obligated to pay a penalty. The Company shall pay coupon on the NCDs at a rate of 2% (two per cent) over and above the applicable coupon Rate for the duration the default persists until it is cured to the satisfaction of the Debenture Trustee.
Source: BSE
