Poonawalla Fincorp to issue ₹2,000 crore in non-convertible debentures

On October 28, 2025, Poonawalla Fincorp Limited announced the approval for the issuance of non-convertible debentures (NCDs) totaling ₹2,000 crore. This issuance will comprise 200,000 secured, rated, listed, and redeemable NCDs, each with a face value of ₹100,000. The NCDs will be issued in dematerialized form via private placement to eligible investors.

The issuance is structured into two series: PFL NCD series 'G2' STRPP I FY 2025-26 and PFL NCD series 'G3' STRPP II FY 2025-26, each with 100,000 debentures and a base issue of ₹1,000 crore. The NCDs will be listed on BSE Limited. Key terms such as tenor, coupon offered, and schedule of payments will be detailed in the key information document.

The debentures will be secured by a first-ranking pari passu charge on the company's hypothecated properties. In the event of a delay in interest or principal payments exceeding three months, the company will pay an additional 2% above the applicable coupon rate for the duration of the default.