The Allotment Committee - NCDs of the Company, in its meeting held today i.e. May 05, 2026, had allotted Non-Convertible Debentures on Private Placement basis as per the details given in Annexure A.
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Shriram Finance Limited's Allotment Committee approved and allotted senior, secured, rated, listed, redeemable, taxable NCDs worth Rs 100 crore on May 05, 2026. The NCDs carry a coupon rate of 9.15% p.a. payable annually, with maturity on January 19, 2029 (tenor of approximately 2 years 8 months). The issue price is Rs 1,05,925.45 per debenture (face value Rs 1 lakh plus premium of Rs 3,268.19 and accrued interest), translating to an effective yield of 7.73%. The securities are secured and will be listed on BSE's WDM segment. Proceeds will be used to augment long-term resources, for onward lending, refinancing existing debt, and general corporate purposes. This is a further issuance under existing ISIN INE721A07RY4, with past issuances of Rs 1,201 crore (Jan 2024), Rs 340 crore (Oct 2024), and Rs 250 crore (Nov 2025).
The NCD allotment represents routine debt fundraising for Shriram Finance, a leading NBFC. At 9.15% coupon with a 7.73% effective yield, this is a standard cost of borrowing for quality NBFCs. The secured, listed nature provides investor confidence. No immediate direct impact on equity holders, but successful debt raise supports the company's lending growth plans.