Poonawalla Fincorp uses preferential issue proceeds, reports strong financials

Poonawalla Fincorp Limited has fully utilized the ₹1,499.98 crore gross proceeds from its preferential issue by September 30, 2025, according to a monitoring agency report by CARE Ratings Limited. The funds were allocated towards prepaying or repaying borrowings, supporting asset under management growth and lending activities for non-banking financial companies, and general corporate purposes, with all utilization aligned with the offer document. This marks the first monitoring agency report for this preferential issue, confirming no deviations from stated objects or amounts.

In tandem with this report, Poonawalla Fincorp Limited announced its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025. The board of directors approved these results, along with disclosures concerning listed secured non-convertible debentures and related party transactions, ensuring compliance with SEBI listing regulations. The company also confirmed no deviation or variation in the use of proceeds from the preferential issue, with the entire amount fully utilized.

Additionally, an Assets Liability Management (ALM) statement for the quarter ended September 30, 2025, was submitted to the Reserve Bank of India, in compliance with SEBI master circular guidelines. This comprehensive reporting underscores the company's transparent financial management and adherence to regulatory requirements.