L&T Finance Limited has officially announced the exercise of its call option for its outstanding Subordinated Perpetual Upper Tier-II Debt. Following receipt of regulatory approval, the company will proceed with the redemption of these debentures on June 03, 2026. This decision aligns with the original terms of the issue, providing clarity for investors regarding the repayment of the principal amount and final annual coupon payments.
Redemption Details
L&T Finance Limited is set to redeem its series of 150 unsecured, non-convertible debentures issued in 2016. These instruments, which carry a face value of Rs. 10,00,000 each and represent an aggregate value of Rs. 15 crores, will be fully redeemed on June 03, 2026. The redemption follows the completion of the 10-year period specified in the original offer document.
Investor Payout and Record Date
The company has confirmed that it will disburse the total principal outstanding alongside the final annual coupon of 9.60% p.a. to the eligible debenture holders. To facilitate this payment, L&T Finance has fixed May 19, 2026, as the Record Date. Investors are advised that the company will rely on the beneficiary position list as of April 24, 2026, to process these final payments.
Source: BSE
