Poonawalla Fincorp Limited has approved the allotment of secured, redeemable, rated, listed, non-convertible debentures amounting to ₹350 crore through private placement on August 20, 2025.
The Finance Committee, authorized by the Board of Directors, approved the allotment of 35,000 non-convertible debentures, each with a face value of ₹1,00,000.
The debentures, identified as PFL NCD Series 'E1' FY2025-26, will be listed on the Debt Market Segment of the BSE Limited.
Debenture Details:
| Particulars | Details |
|---|---|
| Issue Size | ₹350.00 Crore |
| Tenure | 2 years and 6 months |
| Allotment Date | August 25, 2025 |
| Maturity Date | February 25, 2028 |
| Coupon Interest | 7.52% p.a. |
The coupon will be paid as per the “Illustration of Cash Flows” in the Key Information Document dated August 22, 2025.
The debentures are secured by a first-ranking pari passu charge on the Hypothecated Properties.
In case of a delay in payment of interest or principal, the company will pay an additional coupon of 2% over the applicable rate until the default is resolved to the satisfaction of the Debenture Trustee.
The Obligations under the Debentures shall, till the Redemption Date, be secured by way of first ranking pari passu charge on the Hypothecated Properties which is sufficient to provide required Security Cover.
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