Poonawalla Fincorp Ltd Announces Allotment of Secured Non-Convertible Debentures
Poonawalla Fincorp Limited has approved the allotment of 25,000 secured, redeemable, rated, and listed non-convertible debentures through a private placement. The Finance Committee of the company granted approval for this transaction on July 16, 2026, following authorization from the Board of Directors.The issuance, identified as PFL NCD SERIES D2 FY 2026-27, carries a face value of ₹ 1,00,000 each, bringing the total issue size to ₹ 250,00,00,000 (Rupees Two Hundred and Fifty Crore only). The debentures are scheduled to be listed in the Debt Market Segment of BSE Limited.
The instruments carry a coupon rate of 8.1390% p.a. with a tenure of 1,168 days, which equates to 3 years, 2 months, and 12 days. The maturity date for these debentures is set for September 26, 2029.
Issue Specifications and Security Details
The obligations under the debentures will be secured by a first ranking pari passu charge on hypothecated properties until the redemption date. These assets are intended to provide the required security cover for the issuance.In the event of any delay in the payment of interest or principal amounts exceeding three months from the due date, the company is obligated to pay a coupon rate of 2% over and above the applicable coupon rate. This additional rate will apply until such default is cured to the satisfaction of the Debenture Trustee.
The following table summarizes the key financial and operational details of the allotment:
| Feature | Particulars |
|---|---|
| Size of the Issue | 25,000 secured, redeemable, rated, listed, non-convertible debentures of face value ₹ 1,00,000 each (Total: ₹ 250,00,00,000) |
| Listing Status | To be listed in the Debt Market Segment of BSE Limited |
| Tenure | 1,168 Days (3 Years 2 Months and 12 Days) |
| Date of Allotment | July 16, 2026 |
| Date of Maturity | September 26, 2029 |
| Coupon/Interest Rate | 8.1390% p.a. |
| Security Created | First ranking pari passu charge on Hypothecated Properties |
| Default Penalty | 2% over and above the applicable coupon rate for delays exceeding three months |
POONAWALLA Stock Price Movement
Poonawalla Fincorp Limited shares today slipped by 1.17% to settle at ₹470.00 in post-market trading. The stock moved within a daily range of ₹468.85 to ₹476.20 on a total volume of 205,024 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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