Piramal Finance Modifies Coupon Rate for NCDs; Gets In-Principle Approval
Piramal Finance Limited has received in-principle approval from NSE and BSE to modify the coupon rate for its Non-Convertible Debentures (NCDs). The company executed an addendum to the Information Memorandum on December 11, 2025, and will apply for final listing upon receiving modified ISIN letters.
The modification of coupon rates for existing NCDs is a routine financial operation and is unlikely to have a substantial impact on the company's overall financial standing or stock price.
The announcement is a procedural update regarding the modification of NCD terms and does not indicate a significant positive or negative change in the company's financial performance or outlook.
Piramal Finance Limited (formerly Piramal Capital & Housing Finance Limited) announced a modification in the coupon rate clause for its Non-Convertible Debentures (NCDs) issued under ISINs INE516Y07014 and INE516Y07063. The company received in-principle approval for this modification from the National Stock Exchange of India (NSE) on December 10, 2025, and from BSE Limited on November 27, 2025. Following these approvals, Piramal Finance executed an addendum to the Information Memorandum on December 11, 2025. The company will proceed to apply for final listing of the NCDs upon receiving modified ISIN letters from the Depositories.
This announcement follows up on a previous letter dated November 14, 2025, regarding the same subject. The modification pertains to the coupon rate mentioned in the Information Memorandum and any other relevant documents related to the NCDs.
What to do with a filing like this
Piramal 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 Piramal Finance Limited. Read the original for the full detail.