Poonawalla Fincorp Limited has approved the allotment of 50,000 secured, redeemable, rated, listed, non-convertible debentures. These debentures, with a face value of ₹1,00,000 each, aggregate to ₹500 crore, along with a premium of ₹50,000, bringing the total issue size to ₹500.005 crore. The allotment was approved by the Finance Committee on November 12, 2026.
Poonawalla Fincorp Approves Large Debenture Allotment
On November 12, 2026, Poonawalla Fincorp Limited announced a significant capital-raising initiative through the allotment of non-convertible debentures (NCDs). The company’s Finance Committee, acting on the Board’s authorization, approved the issuance of 50,000 secured, redeemable, rated, listed, non-convertible debentures. The face value of each debenture is ₹1,00,000 (Rupees One Lakh only).
Issue Size and Premium Details
The total principal amount for this issuance stands at ₹500,00,00,000 (Rupees Five Hundred Crore only). In addition to the face value, a premium of ₹50,000 (Rupees Fifty Thousand only) was also approved. Consequently, the total aggregate amount for this allotment amounts to ₹500,00,50,000 (Rupees Five Hundred Crore and Fifty Thousand only).
Debenture Series and Maturity
These NCDs are identified as PFL NCD SERIES H1 FY 2026-27 with the ISIN INE511C07AH6. The debentures have a tenure of 1,826 days, which equates to approximately 5 years. The maturity date is set for Wednesday, November 12, 2031. The annual coupon rate offered on these debentures is 9.15% per annum.
Listing and Security
The debentures are proposed to be listed on the Debt Market Segment of the BSE Limited. To secure these obligations, the company has created a first-ranking pari passu charge on its hypothecated properties, ensuring sufficient security cover until the redemption date. Details regarding the illustration of cash flows and other terms are available in the Key Information Document dated November 11, 2026.
Source: BSE
