Poonawalla Fincorp Allots ₹315 Crore in NCDs
Poonawalla Fincorp Limited has approved the allotment of 31,500 non-convertible debentures (NCDs) worth ₹315 crore. The NCDs have a face value of ₹1,00,000 each, a tenure of 914 days, and an interest rate of 8.09% p.a. They will mature on February 16, 2029, and be listed on the BSE.
The issuance of ₹315 crore in NCDs will strengthen the company's capital base and support its growth initiatives. This is a significant amount for a non-banking financial company.
The company has successfully raised debt through NCDs, which is a routine financing activity. The terms and conditions are standard for such issuances.
Poonawalla Fincorp Limited has approved the allotment of 31,500 secured, redeemable, rated, and listed non-convertible debentures (NCDs) with a face value of ₹1,00,000 each. The total amount raised through this private placement is ₹315 crore (Rupees Three Hundred and Fifteen Crore only).
The Finance Committee, in its meeting on August 17, 2026, authorized this allotment. These NCDs, part of the PFL NCD SERIES E1 FY 2026-27, have a tenure of 914 days and will mature on February 16, 2029. The coupon interest offered is 8.0900% per annum.
The debentures will be listed on the Debt Market Segment of the BSE Limited. The company has also detailed the security created, which includes a first-ranking pari passu charge on hypothecated properties. In case of delayed payment of interest or principal, the company will pay an additional 2% over the applicable coupon rate until the default is cured.
What to do with a filing like this
Poonawalla Fincorp 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 medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Poonawalla Fincorp Limited. Read the original for the full detail.