Key Quantitative Figures

  • Number of NCDs allotted: 35,000 (Thirty Five Thousand)
  • Face value per NCD: ₹1,00,000 (Indian Rupees One lakh)
  • Total issue size: ₹350 crore (Indian Rupees Three hundred fifty crore)

Dates of Action

  • Meeting date: July 20, 2026
  • Meeting time: Commenced at 12:30 p.m., concluded at 12:45 p.m.
  • Deemed Date of Allotment: July 20, 2026
  • Redemption Date: July 15, 2031
  • Tenor: 4 Years 11 months and 25 days

Parties Involved

  • Issuer: Aadhar Housing Finance Limited
  • Rating agency: ICRA Limited
  • Proposed listing venue: BSE Limited (Wholesale Debt Market Segment)
  • Company official: Harshada Pathak, Company Secretary and Compliance officer (ACS: 19534)

Instrument Details

  • Type: Senior, Secured, Rated, Listed, Redeemable, Non-Convertible Debentures
  • Rating: ICRA AA Positive (Double A; Outlook: Positive) assigned by ICRA Limited

Coupon Rate Structure

  • Initial coupon rate: Average of 3M MIBOR-OIS of 3 working days from July 10, 2026 to July 14, 2026 + Spread
  • Benchmark: 3 month MIBOR-OIS closing yield for one day prior to the coupon reset date (rounded off to nearest two decimals)

Payment Schedule

Interest Payment Dates (Quarterly):

October 20, 2026; January 20, 2027; April 20, 2027; July 20, 2027; October 20, 2027; January 20, 2028; April 20, 2028; July 20, 2028; October 20, 2028; January 20, 2029; April 20, 2029; July 20, 2029; October 20, 2029; January 20, 2030; April 20, 2030; July 20, 2030; October 20, 2030; January 20, 2031; April 20, 2031; July 15, 2031

Principal Payment Schedule (Annual):

July 20, 2027; July 20, 2028; July 20, 2029; July 20, 2030; July 15, 2031

Security Details

  • Pari Passu first charge by way of hypothecation on all standard book debts/outstanding moneys/receivables
  • Exclusions: Book debts and receivables charged/to be charged in favor of National Housing Bank for refinance; Current assets & investments eligible for high quality liquid assets (HQLA) as per RBI guidelines

Additional Terms

  • Special rights/privileges: Not Applicable
  • Delay in payment provisions: Not Applicable
  • Redemption details: Partial redemption on annual basis and redeemable on maturity
  • Regulatory reference: SEBI Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026

Financial Impact

The issuance represents a ₹350 crore debt fundraising through secured NCDs with quarterly interest payments and annual principal repayments.