Poonawalla Fincorp Limited announced that the Finance Committee, as authorized by the Board of Directors of the Company had approved issuance of secured, redeemable, rated, listed, non-convertible debentures of face value of INR 1,00,000 each ("NCDs") for an amount aggregating up to INR 1500,00,00,000/- (Rupees One Thousand Five Hundred Crore only) ("Issue" or "Issue Size"), in dematerialized form, through private placement on the following terms and conditions: Issue of NCDs on private placement basis to eligible investors. The NCDs are proposed to be listed on BSE Limited Issuance of 150,000 secured, redeemable, rated, listed, non-convertible debentures of face value of INR 1,00,000 each for an amount aggregating up to INR 1500,00,00,000/- (Rupees One Thousand Five Hundred Crore only) under PFL Series `D1' Fiscal Year 2025-26 - with base issue of INR 750,00,00,000 (Rupees Seven Hundred and Fifty Crore only) and green shoe option to retain oversubscription up to INR 750,00,00,000 (Rupees Seven Hundred and Fifty Crore only). The Obligations under the Debentures shall, till the Redemption Date, be secured by way of first ranking pari passu charge on the Hypothecated Properties which is sufficient to provide required Security Cover.
Company shall pay coupon on the NCDs at a rate of 2% (two percent) over and above the applicable coupon rate for any delay in payment of interest /principal amount of the NCDs for the period until such event of default is cured to the satisfaction of the Debenture Trustee (acting on the instructions of the Debenture-holders).
