Poonawalla Fincorp Limited's Finance Committee, on June 09, 2025, approved the issuance of secured, redeemable, rated, listed non-convertible debentures (NCDs).
The company plans to issue 50,000 NCDs, each with a face value of ₹ 1,00,000, aggregating up to ₹ 500 crore (Rupees Five Hundred Crore Only).
The NCDs will be issued through a private placement and are proposed to be listed on BSE Limited.
The obligations under the debentures will be secured by a first ranking pari passu charge on hypothecated properties.
In case of a delay in payment of interest or principal amount for more than three months from the due date, the company will pay an additional 2% over the applicable coupon rate for the period until the default is cured.