Poonawalla Fincorp Limited has informed the Exchange regarding allotment of 100000 securities pursuant to Non Convertible Securities at its meeting held on May 11, 2026
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Poonawalla Fincorp Limited has allotted 1,00,000 secured, redeemable, rated, listed NCDs of face value ₹1,00,000 each, raising ₹1,000.18 crore (including a premium of ₹18.26 lakh). The NCDs carry a coupon rate of 8.25% per annum and have a tenure of 731 days (2 years), maturing on May 11, 2028. The debentures will be listed on the BSE Limited Debt Market Segment and are secured by a first ranking pari passu charge on hypothecated properties. This is a private placement issuance designated as PFL NCD Series 'B1' FY2026-27.
This NCD issuance provides the company with ₹1,000 crore in debt capital at 8.25% coupon rate, which is a relatively competitive rate for a rated NBFC. The funds will likely be used for lending operations, supporting the company's asset growth. For shareholders, this represents additional debt on the balance sheet but is standard financing for a fincorp company.