Poonawalla Fincorp Limited has informed the Exchange regarding allotment of 15500 securities pursuant to Non Convertible Securities at its meeting held on April 24, 2026
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Poonawalla Fincorp Limited has allotted 15,500 Unsecured, Redeemable, Rated, Listed, Subordinated Non-Convertible Debentures (NCDs) through private placement. The debentures have a face value of ₹1 lakh each, totaling ₹155 crore. These are Tier II capital instruments with a 10-year tenure (April 2026 to April 2036) and carry a coupon rate of 8.4308% per annum. The NCDs will be listed on the BSE Limited's Debt Market Segment. In case of any delay in payment of interest or principal, the company will pay a 2% higher coupon rate until the default is cured.
The NCD issuance strengthens Poonawalla Fincorp's capital base as Tier II instruments, which can help support future lending growth. The 8.43% coupon rate is competitive and indicates reasonable borrowing costs for the company in the current market environment.