Poonawalla Fincorp has successfully approved the allotment of 50,700 secured, redeemable, rated, listed, non-convertible debentures with a face value of ₹1,00,000 each, totaling ₹507 crore. This decision was made during a board of directors meeting on December 24, 2025. The debentures were issued through private placement, and the proceeds will be used to support the company’s financial activities. The maturity date for these debentures is set for March 20, 2028.
Debenture Allotment Details
Poonawalla Fincorp has announced the allotment of secured, redeemable, rated, listed, non-convertible debentures. The Finance Committee, authorized by the Board of Directors, approved this allotment on December 24, 2025.
Key Figures
The allotment includes 50,700 debentures, each with a face value of ₹1,00,000. The total value of the debentures amounts to ₹507,00,00,000 (₹507 crore). These debentures were issued through private placement.
Debenture Terms
The debentures, identified as PFL NCD Series ’11’ FY2025-26, are slated to be listed on the Debt Market Segment of the BSE Limited. The tenure of the instrument is 2 Years and 86 Days, with a maturity date of March 20, 2028. The coupon rate is set at 7.6841% p.a.
Security and Charge
The debentures are secured by a first-ranking pari passu charge on the Hypothecated Properties, ensuring sufficient security cover for the debenture holders.
Delayed Payment Terms
In case of a delay in payment of interest or principal, the company will pay a coupon at a rate of 2% over and above the applicable coupon rate for the period of the delay, until the event of default is resolved.
Source: BSE
