L&T Finance to exercise call option on ₹50 Crore Perpetual Debt Instruments on March 30
L&T Finance Limited will exercise the call option on its ₹50 crore Perpetual Debt Instruments (NCDs) issued in March 2016. The redemption, including principal and a 10.10% annual coupon, is set for March 30, 2026. RBI approval was received on February 12, 2026, and March 13, 2026, is the record date.
This is a pre-planned redemption of debt instruments as per the terms of the issue and regulatory approvals, with a fixed redemption date. It does not represent a new financial event or a significant change in the company's financial structure.
The announcement is a routine exercise of a call option on debt instruments as per the original terms and regulatory approvals, with no immediate positive or negative financial implications beyond the scheduled repayment.
L&T Finance Limited (formerly L&T Finance Holdings Limited) has announced its decision to exercise the call option on its Subordinated Perpetual Tier – I Debt (Perpetual Debt Instruments) or NCDs. These NCDs were originally issued by Family Credit Limited in March 2016, with a face value of ₹10 Lakhs each, amounting to a total of ₹50 crore. The call option is exercisable after a minimum of 10 years, and the company has secured prior approval from the Reserve Bank of India (RBI) for this action. The RBI's approval was dated February 12, 2026.
The company has formally communicated this decision to the debenture holders via a letter dated February 24, 2026. The redemption of these NCDs, including the principal outstanding and the annual coupon of 10.10% per annum, is scheduled for March 30, 2026. To facilitate this process, L&T Finance Limited has fixed March 13, 2026, as the record date.
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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.