Poonawalla Fincorp Limited has informed the Exchange about issue of Securities
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Poonawalla Fincorp has approved the issuance of 50,000 secured, redeemable, rated, listed non-convertible debentures (NCDs) with a face value of ₹1,00,000 each, aggregating up to ₹500 crore under Series C2 of FY 2025-26. The NCDs will be issued through private placement to eligible investors and are proposed to be listed on BSE. The debentures are secured by a first-ranking pari-passu charge on the company's hypothecated properties, providing adequate security cover. The coupon rate, tenor, and redemption schedule are not specified in the filing and will be detailed in the key information document. In case of default on interest or principal payment beyond three months, the company will pay an additional 2% over the applicable coupon rate until the default is cured.
This is a routine debt-raising move of ₹500 crore through private placement, which will strengthen the company's funding base for lending operations. The coupon rate is not disclosed, so investors cannot yet assess the cost of borrowing or its impact on margins. No immediate material impact on equity shareholders is expected since these are debt instruments, not equity dilutive.