Poonawalla Fincorp Limited has decided to exercise its call option to redeem 30 Unsecured, Subordinated, Rated, Non-Convertible, Perpetual Debt in the nature of debentures. These NCDs, issued on private placement, have a total value of ₹3,00,00,000/- (Rupees Three Crore only). The redemption will occur on September 09, 2026, with a record date set for August 25, 2026.
Poonawalla Fincorp Exercises Call Option on Perpetual Debt
Poonawalla Fincorp Limited has announced its decision to exercise the call option for 30 Unsecured, Subordinated, Rated, Non-Convertible, Perpetual Debt instruments. These debentures, issued on a private placement basis with an individual face value of ₹10,00,000/-, aggregate to a total of ₹3,00,00,000/- (Rupees Three Crore only).
Redemption Details and Timeline
The company has set the redemption date for these NCDs as September 09, 2026. In accordance with the terms of the issue, the debentures will be redeemed along with any accrued interest. The record date for determining the eligibility of debenture holders for this redemption has been fixed as August 25, 2026. Holders of these NCDs as of the record date will receive the redemption amount.
The said NCDs are listed on the wholesale debt market segment of BSE Limited. Poonawalla Fincorp confirmed that approval from the Reserve Bank of India (RBI) has been received for this redemption. Upon exercise of the call option and completion of the redemption payment, the NCDs will be fully extinguished.
Debenture Holder Action Required
Debenture holders are requested to update their bank account details in their respective demat accounts held with their Depository Participant to ensure seamless credit of the redemption amount on September 09, 2026.
Source: BSE
