Poonawalla Fincorp has announced the allotment of 50,000 secured, redeemable, rated, listed, non-convertible debentures, each with a face value of ₹1,00,000. This private placement amounts to a total issue size of ₹500 Crore. The finance committee approved the allotment on February 05, 2026. The debentures, under series ‘K1’ FY2025-26, will be listed on the Debt Market Segment of the BSE Limited.
Debenture Issuance Details
Poonawalla Fincorp has successfully issued non-convertible debentures (NCDs) totaling ₹500 Crore through private placement. The allotment of 50,000 debentures was authorized by the Board of Directors via a resolution passed by the Finance Committee on February 05, 2026.
Key Terms of the Debentures
The issued debentures are secured, redeemable, rated, and listed, each having a face value of ₹1,00,000. The specific series is ‘K1’ FY2025-26.
Tenure and Maturity
The debentures have a tenure of 3,652 days, equivalent to 10 years. The date of maturity is February 02, 2036, while the date of allotment is February 05, 2026.
Coupon Rate and Payment Schedule
The coupon rate offered is 8.01% per annum. For detailed information on the coupon/interest and principal payment schedule, refer to the Key Information Document dated February 04, 2026.
Security and Charge
The obligations under the debentures are secured by a first-ranking pari passu charge on hypothecated properties sufficient to provide the required security cover.
Delay in Payment Terms
In case of a delay in payment of interest or principal amount for more than three months, the company will pay an additional coupon of 2% over and above the applicable rate until the default is resolved.
Source: BSE
