Poonawalla Fincorp Limited has announced the approval of an allotment of 31,500 secured, redeemable, rated, and listed non-convertible debentures. These debentures have a face value of ₹1,00,000/- each, totaling ₹315,00,00,000/- (Rupees Three Hundred and Fifteen Crore only). The allotment was approved by the Finance Committee on August 17, 2026, via private placement. The details of this significant fundraising exercise are provided in Annexure ‘A’.
Poonawalla Fincorp Approves Major Debenture Allotment
Poonawalla Fincorp Limited has officially announced a significant step in its capital-raising strategy. The company’s Finance Committee, in a resolution dated August 17, 2026, approved the allotment of 31,500 non-convertible debentures (NCDs). This issuance, conducted through a private placement, is a key development for the company’s financial operations and expansion plans.
Debenture Details and Value
The newly approved debentures are described as secured, redeemable, rated, and listed. Each NCD carries a face value of ₹1,00,000/-. The total value of this allotment amounts to ₹315,00,00,000/-, which translates to Rupees Three Hundred and Fifteen Crore only. This substantial fundraising is expected to bolster the company’s financial standing.
Key Terms and Conditions
The debentures are set to mature within 914 days (approximately 2 years and 6 months) from the allotment date of August 17, 2026, with a maturity date of February 16, 2029. The coupon interest offered is at a rate of 8.0900% per annum. These NCDs will be listed on the Debt Market Segment of the BSE Limited. The Obligations under the Debentures will be secured by a first-ranking pari passu charge on Hypothecated Properties until the Redemption Date, ensuring the security of the investors.
Further Information
Further details regarding the illustration of cash flows and specific terms and conditions, including any delay in payment of interest or principal, are available in the Key Information Document. The company has also outlined provisions for compensation in case of delayed payments, which includes an additional 2% coupon rate over the applicable rate for any delay exceeding three months.
Source: BSE
