Aadhar Housing Finance: Debenture rating withdrawn after full redemption

Aadhar Housing Finance Limited (AHFL) formally informed stock exchanges on November 10, 2025, about the withdrawal of credit ratings for its Non-Convertible Debentures by Brickworks Ratings India Private Limited. The withdrawal pertains to NCDs totaling INR 50.00 crores, which have reached full redemption, resulting in zero present outstanding balance.

The withdrawn rating, previously BWR AA/Stable, was assigned to NCDs issued on October 19, 2020, with a maturity date of October 19, 2025. These debentures, identified by ISIN INE883F07215, carried a fixed coupon rate of 8.10% and were issued on a private placement basis. Following the redemption, AHFL no longer has any instruments rated by Brickworks Ratings.

This action aligns with Brickworks Ratings' withdrawal policy, triggered by the full redemption of the outstanding NCDs and a request from Aadhar Housing Finance Limited for the rating withdrawal.