News ArticlePoonawalla Fincorp Raises ₹500 Crore via Secured Redeemable NCDs on BSE
Company issues 50,000 non-convertible debentures each worth ₹1,00,000 through private placement with specific security and coupon terms
Poonawalla Fincorp Limited announced the issuance of secured, rated, redeemable non-convertible debentures totaling up to ₹500 crore through a private placement. The debentures, each with a face value of ₹1,00,000, will be listed on BSE and carry specific terms including security coverage by first ranking pari passu charge and penalty coupon rates for payment delays.
Poonawalla Fincorp Limited
Corporate Action
Poonawalla Fincorp Limited has approved the issuance of secured, redeemable, and rated non-convertible debentures amounting to ₹500 crore, to be listed on the BSE.
The issuance comprises 50,000 debentures each with a face value of ₹1,00,000, offered via private placement to eligible investors under the series named PFL NCD SERIES H1 FY 2026-27.
These debentures are secured by a first ranking pari passu charge on hypothecated properties, ensuring security cover for the obligations until redemption.
Coupon rates, payment schedules for interest and principal, redemption details, and special rights attached to the instrument are specified in the key information document associated with the issue.
If any payment of interest or principal is delayed by more than three months, the company will pay an additional 2% coupon over the applicable rate until the default is cured, as governed by the debenture trustee acting on behalf of the debenture holders.
Highlights
- Issue size capped at ₹500 crore via 50,000 NCDs of ₹1,00,000 each.
- Debentures will be listed on BSE Limited.
- Security includes a first ranking pari passu charge on hypothecated assets.
- Penalty coupon rate of 2% above applicable coupon for payment delays exceeding three months.
- Terms including coupon, tenor, and redemption specifics are detailed in the key information document.
Key Data Snapshot
What happened
- Poonawalla Fincorp approved issuance of ₹500 crore secured, redeemable non-convertible debentures.
- The NCDs will be offered through private placement basis to eligible investors.
- Listing is planned on BSE Limited.
Key details
- Each NCD has a face value of ₹1,00,000 under PFL NCD SERIES H1 FY 2026-27.
- The debentures are secured by a first ranking pari passu charge on hypothecated properties.
- Penalty rate of 2% above the coupon applies if interest or principal payments are delayed beyond three months.
- Detailed terms including coupon rate, tenor, payment schedules, and redemption conditions are in the key information document.
Regulatory and governance context
- Disclosure made pursuant to Regulation 30 and 51 of SEBI Listing Regulations, 2015.
- The Finance Committee was authorized by the Board of Directors to approve this issuance.
Highlights
- Issue size capped at ₹500 crore via 50,000 NCDs of ₹1,00,000 each.
- Debentures will be listed on BSE Limited.
- Security includes a first ranking pari passu charge on hypothecated assets.
- Penalty coupon rate of 2% above applicable coupon for payment delays exceeding three months.
- Terms including coupon, tenor, and redemption specifics are detailed in the key information document.
Disclosures
- SEBI Listing Obligations and Disclosure Requirements Regulations, 2015
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