Aavas Financiers Limited has completed the allotment of ₹100 crore Non-Convertible Debentures (NCDs) through a private placement. This follows the company's earlier intimation dated September 02, 2026 (Ref: AAVAS/SEC/2026-27/3140) regarding the proposed issuance.

Key Transaction Details

  • Instrument Type: Senior, Secured, Rated, Listed, Transferable, Redeemable Non-Convertible Debentures
  • Issue Size: 10,000 NCDs with face value of ₹1,00,000 each, aggregating to ₹100,00,00,000 (One Hundred Crore)
  • Mode of Issue: Private Placement
  • Date of Allotment: September 11, 2026
  • Approval Authority: Executive Committee of the Board of Directors via Circular Resolution
  • Listing: Proposed listing on Wholesale Debt Market of BSE Limited

Financial Terms

  • Tenor: 60 months from Date of Allotment (Maturity: September 11, 2031)
  • Coupon Rate: Initial rate of 7.60% per annum payable quarterly
  • Coupon Reset: Subject to Coupon Reset Process, Step Up Coupon Rate and Step-Down Coupon Rate as defined in key information documents
  • Principal Repayment: In 20 equal quarterly instalments of ₹5,000 per Debenture starting from Date of Allotment
  • Payment Schedule: Quarterly payments on December 11, March 11, June 11 and September 11 of each year

Security Details

  • Charge: First ranking exclusive charge of at least 110% of aggregate principal and interest amount
  • Collateral: Hypothecation over identified receivables/loans/book debts (including un-encumbered Fixed Deposits)
  • Documentation: Security details specified in transaction documents including KID, debenture trust deed, and deed of hypothecation

Additional Information

  • Special Rights/Privileges: As specified in KID & other transaction documents
  • Delay in Payment: Not Applicable (no history of payment delays)
  • Redemption Details: Not Applicable
  • Cancellation/Termination: Not Applicable
  • Regulatory Reference: SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD/PoD2/I/3762/2026 dated January 30, 2026

Timeline

  • Event Date: September 11, 2026
  • Time of Occurrence: 12:17 PM (IST)
  • Disclosure Date: September 11, 2026