On February 2, 2026, the Finance Committee of Poonawalla Fincorp Limited under the authorization of the Board of Directors, approved the issuance of secured, redeemable, rated, listed, non-convertible debentures (NCDs) with a face value of INR 100,000 each. The total issue size amounts to INR 5,000,000,000. These NCDs will be issued in dematerialized form through private placement to eligible investors and are proposed to be listed on BSE Limited.
The issuance involves 50,000 NCDs under the PFL NCD Series 'K1' for the fiscal year 2025-26. The obligations under the debentures will be secured by a first-ranking pari passu charge on the hypothecated properties, ensuring sufficient security cover until the redemption date. The terms regarding the tenor, coupon rate, schedule of payment, and redemption details are specified in the key information document.
In the event of a delay in payment of interest or principal for more than three months, the company will pay an additional 2% over the applicable coupon rate until the default is resolved to the satisfaction of the Debenture Trustee, acting on the instructions of the debenture-holders.
