Aavas Financiers has announced the approval of its Executive Committee to issue up to 10,000 Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to a total of ₹1,00,00,00,000 (₹1000 crore). These NCDs are senior, secured, rated, listed, and transferable, and will be issued on a private placement basis. The issuance aims to bolster the company’s financial resources for its housing finance operations.
Fundraising Approval
The Executive Committee of the Board of Directors at Aavas Financiers Limited, in a meeting held on September 02, 2026, has granted approval for the issuance of Non-Convertible Debentures (NCDs). This strategic fundraising initiative is conducted pursuant to the authority vested by the Board and within limits approved by the company’s members. The approval comes following resolutions passed during previous board meetings and the 15th Annual General Meeting held on September 16, 2025.
Key Details of NCD Issuance
Aavas Financiers plans to issue up to 10,000 Senior, Secured, Rated, Listed, Transferable, Redeemable Non-Convertible Debentures. Each debenture will have a face value of ₹1,00,000 (Rupees One Lakh only). The aggregate nominal value of this issuance is set at a maximum of ₹1,00,00,00,000 (Rupees One Hundred Crores only). The NCDs will be issued on a private placement basis.
Securities Information
The NCDs are intended for listing on the Wholesale Debt Market (WDM) segment of BSE Limited. The tenor of the instrument will be 60 Months from the Deemed Date of Allotment, with maturity also aligned to this period. Interest will be paid every Quarter from the Deemed Date of Allotment. Principal repayment will be made in 20 equal quarterly instalments, starting from the Deemed Date of Allotment, with the final redemption occurring at the end of 60 months.
Security and Charges
To secure the NCDs, the company will create a first-ranking exclusive charge of at least 110% of the aggregate principal amount and interest due. This charge will be a hypothecation over identified receivables, loans, book debts, and potentially un-encumbered Fixed Deposits, as detailed in the transaction documents.
Source: BSE
