Certificate of Payment of Interest of Non-Convertible Debentures Pursuant to Regulation 57 of SEBI (LODR), Regulations, 2015
Awaiting price reaction for this filing.
Aavas Financiers has confirmed timely payment of interest on its Non-Convertible Debentures (NCDs) as required under SEBI's listing regulations. The payment relates to 63,000 secured NCDs of Rs. 1,00,000 each, aggregating to an issue size of Rs. 630 crore. An interest amount of approximately Rs. 25.39 crore (Rs. 253,892,650.35) was due on April 29, 2025, and was paid on the same date as per the half-yearly schedule. The record date for the interest payment was April 14, 2025, and the ISIN associated is INE216P07241. No redemption payment was due, and there were no delays or changes in payment frequency.
This is a routine compliance confirmation showing that Aavas Financiers has met its debt obligation on time, which is a positive signal for creditworthiness and reduces default risk concerns for debenture holders. It is unlikely to cause any significant movement in the stock price as it reflects normal business operations.