Poonawalla Fincorp has formally announced its decision to exercise the call option on 60 non-convertible, subordinated perpetual debentures. The company will redeem these securities in full on June 12, 2026. Debenture holders registered as of the record date, May 27, 2026, will be eligible for the redemption payment, which includes the face value of the debentures and accrued interest.
Details of the Redemption
Poonawalla Fincorp Limited has initiated the call option process for its 12.10% Rated, Non-Convertible, Subordinated, Perpetual Debt instruments. These debentures, originally issued on June 14, 2016, carried a total face value of Rs. 3,00,00,000 (Rupees Three Crore). The company has confirmed the intent to fully extinguish these instruments following the scheduled redemption.
Key Dates for Debenture Holders
To ensure a smooth redemption process, the company has established specific timelines for investors. The record date for identifying eligible debenture holders is set for May 27, 2026. Subsequently, the full redemption amount—comprising the Rs. 5,00,000 face value per debenture plus all accrued interest—will be paid out on June 12, 2026.
Payment Process
The redemption proceeds will be credited directly to the bank accounts linked to the respective demat accounts of the debenture holders. Investors are advised to ensure their bank account details are correctly updated with their Depository Participant to avoid any delays in receiving the payment. Once the payment is completed, the debentures will be formally extinguished, and no further claims will remain against the company regarding these specific securities.
Source: BSE
