Poonawalla Fincorp allots ₹507 crore in debentures via private placement

Poonawalla Fincorp Limited announced on December 24, 2025, the allotment of 50,700 secured, redeemable, rated, listed, non-convertible debentures (NCDs), each with a face value of ₹100,000. The total issue size amounts to ₹507 crore, following approval by the finance committee. The NCDs are part of the "PFL NCD Series '11' FY2025-26" and will be listed on the Debt Market Segment of the BSE Limited.

These debentures carry a coupon/interest rate of 7.6841% per annum. The allotment date is December 24, 2025, with a maturity date of March 20, 2028, resulting in a tenure of two years and 86 days. The obligations under these debentures will be secured by a first-ranking pari passu charge on the Hypothecated Properties, ensuring sufficient security cover.

In the event of delayed payment of interest or principal exceeding three months, the company is obligated to pay a coupon on the NCDs at a rate of 2% over and above the applicable coupon rate. This penalty will apply for the period until the default is cured to the satisfaction of the Debenture Trustee, acting on the instructions of the debenture-holders.