L&T Finance Limited has informed the Exchange about General Updates
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L&T Finance Limited is exercising the call option on its Subordinated Perpetual Upper Tier-II Debt (perpetual NCDs) originally issued by L&T Housing Finance Limited on March 29, 2016. The issue comprises 500 unsecured NCDs of Rs. 10 lakh each, totalling Rs. 50 crores, with an annual coupon of 9.90%. The company has secured RBI approval (dated February 12, 2026) to call back these instruments, and the redemption date is set for March 30, 2026, with a record date of March 13, 2026. This is a planned exercise of the call option after the mandatory 10-year minimum period, and the company will pay the full principal along with the annual coupon to debenture holders. The instruments are listed on NSE's Wholesale Debt Market segment under ISIN INE476M08055.
This is a routine, pre-scheduled redemption of a relatively small Rs. 50 crore perpetual debt instrument, and should have minimal impact on the stock. It reflects healthy capital management as the company replaces older, costlier 9.90% perpetual debt, potentially with lower-cost funding.