Poonawalla Fincorp has approved the allotment of 3,00,000 secured, redeemable, rated, and listed Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹300.21 crore. This includes fresh issuance and re-issuance through private placement, aiming to strengthen the company’s financial position. The Finance Committee authorized the allotment on October 15, 2025.
NCD Allotment Details
Poonawalla Fincorp’s Finance Committee, authorized by the Board of Directors, has approved the allotment of 3,00,000 secured, redeemable, rated, listed Non-Convertible Debentures. The face value is ₹1,00,000 per debenture, totaling ₹300.21 crore. This decision was formalized on October 15, 2025.
Components of the Allotment
The allotment includes a fresh issuance under PFL NCD Series ‘G1’ FY 2025-26 with a base issue of ₹250 crore and a premium of ₹1.01 crore. Additionally, there’s a re-issuance (No. I) under PFL NCD Series ‘D1’ FY 2025-26 with a base issue of ₹50 crore and premium and accrued interest of ₹1.10 crore.
Debenture Specifics
The NCDs will be listed on the Debt Market Segment of BSE Limited. The PFL NCD Series ‘G1′ FY2025-26 has a tenure of 1 Year and 161 Days, maturing on March 25, 2027. The (Re-issuance No. I) PFL NCD Series ‘D1′ FY2025-26 has a tenure of 1 Year and 344 Days, maturing on September 24, 2027.
Interest and Security
The coupon rate for the PFL NCD Series ‘G1′ FY2025-26 is 7.55% p.a., and for the (Re-issuance No. I) PFL NCD Series ‘D1’ FY2025-26 is 7.5285% p.a. These debentures are secured with a first-ranking pari passu charge on the Hypothecated Properties.
Source: BSE
