L&T Finance Limited has informed the Exchange about General Updates
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L&T Finance Limited is exercising a call option to redeem 300 Unsecured, Non-Convertible Subordinated Perpetual Tier-I Debentures originally issued on March 30, 2016 by L&T Infrastructure Finance Company Limited (now merged into L&T Finance). The total face value of the issue is Rs. 30 crores (Rs. 10 lakh per debenture) carrying a coupon of 9.50% p.a. The company has received RBI approval dated February 12, 2026, and the redemption along with the annual coupon payment will be made on March 30, 2026, with March 13, 2026 fixed as the record date.
This is a routine liability management exercise at the first call date (10-year mark), reducing the company's outstanding perpetual debt by Rs. 30 crores. For shareholders, it signals disciplined capital management and is unlikely to materially impact the stock price given the small size relative to the overall balance sheet.