Poonawalla Fincorp allots ₹1,000 crore in debentures

Poonawalla Fincorp Limited has approved the allotment of 1,00,000 secured, redeemable, rated, listed, non-convertible debentures, each with a face value of ₹1,00,000, totaling ₹10,00,00,00,000. This private placement was authorized by the finance committee on September 10, 2025.

The debentures, designated as PFL NCD Series 'F1' FY2025-26, will be listed on the Debt Market Segment of BSE Limited. They have a tenure of 2 years and 364 days, maturing on September 08, 2028, with a coupon interest rate of 7.58% per annum. A notable feature includes a PUT option available at the end of 18 months.

The obligations under these debentures will be secured by a first-ranking pari passu charge on the company's hypothecated properties, ensuring sufficient security cover. In the event of a delay in payment, the company will pay an additional 2% over the applicable coupon rate on the NCDs until the default is cured.