L&T Finance to exercise call option on ₹50 Crore Perpetual Debt Instruments on March 18, 2026
L&T Finance will exercise the call option on ₹50 crore of Perpetual Debt Instruments issued in FY 2015-16. The redemption, including principal and a 9.50% annual coupon, will occur on March 18, 2026. RBI approval was received on February 12, 2026, and March 2, 2026, is the record date.
The exercise of a call option on existing debt is a pre-defined financial event. The amount involved (₹50 crore) is relatively small for a company of L&T Finance's size, and it does not represent new fundraising or a significant change in capital structure.
The company is exercising a call option on existing debt instruments as per the terms of issuance and regulatory approval. This is a routine financial transaction and does not inherently indicate positive or negative performance.
L&T Finance Limited (LTF) has announced its decision to exercise the call option on its Subordinated Perpetual Tier – I Debt (Perpetual Debt Instruments) amounting to ₹50 crore. These instruments were originally issued by L&T Infrastructure Finance Company Limited in March 2016. The call option, exercisable after a minimum of 10 years, has been approved by the Reserve Bank of India (RBI) on February 12, 2026.
The redemption of these Non-Convertible Debentures (NCDs) is scheduled for March 18, 2026. Along with the principal outstanding, the annual coupon of 9.50% per annum will also be paid on the same date. L&T Finance Limited has fixed March 2, 2026, as the record date for this purpose. The company is issuing a formal notice to the debenture holders regarding this exercise of the call option.
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L&T Finance Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by L&T Finance Limited. Read the original for the full detail.