Date: September 29, 2026
Board Meeting Outcomes
- The Securities Issuance Committee approved allotment of Listed, Rated, Senior, Secured, Transferable and Redeemable Non-Convertible Debentures (NCDs) through resolution passed by circulation at 11:59 AM on September 29, 2026.
- The allotment was made pursuant to authority delegated by the Board of Directors and in continuation of previous intimations (Ref. No. CIFL/SE/2026-27/27 dated August 14, 2026 and Ref. No. CIFL/SE/2026-27/36 dated September 16, 2026).
Financial Results
- Not Specified
Dividend Declaration or Non-Declaration
- Not Specified
KMP / Board / Auditor Changes
- Not Specified
Fundraising Details
NCD Allotment Specifications:
- Instrument Type: Non-Convertible Debentures (NCDs)
- Issuance Type: Private Placement
- Total Quantity: 1,00,000 (One Lakh) NCDs
- Face Value: INR 10,000 per NCD
- Total Consideration: INR 100,00,00,000 (Indian Rupees One Hundred Crore only)
- Issue Structure: Base issue of INR 50 Crore with green shoe option of up to INR 50 Crore
Key Terms:
- Listing: The NCDs will be listed on BSE Limited
- Tenure: 27 (Twenty-Seven) Months
- Allotment Date: September 29, 2026
- Maturity Date: December 29, 2028
- Coupon Rate: 10% per annum (Fixed)
- Interest Payment Schedule: Quarterly
- Principal Repayment Schedule: Bullet payment on the Redemption Date
Security Details:
- The NCDs are secured by a pari passu charge by way of hypothecation in favour of the Debenture Trustee for the benefit of the Debenture Holders over all standard loan receivables, present and future.
- The Company shall maintain minimum security cover of at least 1.10x (one decimal one zero times) at all times during the tenure of the Debentures.
Disinvestment / Strategic Actions
- Not Specified
Other Operational / Legal / Strategic Disclosures
- No special rights/interest/privileges attached to the instrument
- No delays or defaults in payment of interest/principal amount
- No cancellation or termination of the issuance proposal