Key Event and Approval

The Debenture Fund Raising Committee of Edelweiss Financial Services Limited approved the public issue of Secured, Redeemable, Non-Convertible Debentures (NCDs) in its meeting held on September 10, 2026. The committee also approved the Prospectus dated September 10, 2026, to be filed with the Registrar of Companies, Maharashtra at Mumbai, SEBI, and BSE Limited.

Issue Details

  • Instrument Type: Secured, Redeemable, Non-Convertible Debentures
  • Face Value: ₹1,000 per NCD
  • Base Issue Size: ₹1,500 million (15,00,000 NCDs)
  • Green Shoe Option: ₹1,500 million (15,00,000 NCDs)
  • Total Issue Limit: ₹3,000 million (30,00,000 NCDs)
  • Mode of Issue: Public Issue
  • Issue Opening Date: Monday, September 21, 2026
  • Issue Closing Date: Monday, October 5, 2026
  • Issue Timing: 10:00 a.m. to 5:00 p.m. on working days. On the closing date, applications will be accepted only between 10:00 a.m. and 3:00 p.m.
  • The issue may close earlier or be extended, subject to a minimum period of 2 working days and a maximum of 10 working days from the opening date.
  • The issue is not underwritten.

Credit Rating

The NCDs have been rated "CRISIL A+/Stable" for an amount of ₹12,000 million by CRISIL, as per their rating letter dated August 20, 2026, and rating rationale dated January 9, 2026. The rating indicates adequate safety regarding timely servicing of financial obligations and low credit risk.

Security Details

The principal amount of the NCDs will be secured by a pari-passu charge in favor of the Debenture Trustee on certain assets of the company. This includes loans and advances, receivables, investments, stock in trade, current & other assets, and/or immovable property/fixed assets.

  • Security Cover: A minimum of 100% of the outstanding principal and interest must be maintained at all times.
  • Creation of Security: The security shall be created prior to making the listing application.
  • Default Provision: If the Debenture Trust Deed is not executed within the period specified in SEBI NCS Regulations, the issuer must pay an additional interest of 2% per annum to NCD holders until its execution.
  • Necessary consents from existing debenture trustees for ceding a pari-passu charge have been received.

Listing

The NCDs are proposed to be listed on BSE Limited. Listing shall occur within three working days from the date of issue closure. BSE is the Designated Stock Exchange.

Terms of NCDs (Annexure A)

Ten series of NCDs are offered with varying tenors, coupon rates, and interest payment frequencies.

  • Minimum Application: ₹10,000 (10 NCDs) across all series.
  • Application Multiple: ₹1,000 (1 NCD) thereafter.

| Series | Tenor (Months) | Frequency of Interest Payment | Coupon (% p.a.) for Categories I-IV | Effective Yield (% p.a.) for Categories I-IV | Redemption Amount (₹ per NCD) |

| I | 24 | Annual | 8.65% | 8.64% | ₹1,000 |

| II | 24 | N/A | N/A | 8.65% | ₹1,180.75 |

| III | 36 | Monthly | 8.80% | 9.15% | ₹1,000 |

| IV** | 36 | Annual | 9.15% | 9.14% | ₹1,000 |

| V | 36 | N/A | N/A | 9.15% | ₹1,000 |

| VI | 60 | Monthly | 9.21% | 9.60% | ₹1,300.70 |

| VII | 60 | Annual | 9.60% | N/A | ₹1,000 |

| VIII | 60 | N/A | N/A | 9.59% | ₹1,000 |

| IX | 120 | Monthly | 9.58% | 10.00% | ₹1,581.85 |

| X | 120 | Annual | 10.00% | 9.99% | ₹1,000 |

**Series IV will be allocated to applicants who do not indicate a choice of series.

  • Interest Payment Details: For annual series, interest is paid on each anniversary of the Deemed Date of Allotment. For monthly series, interest is paid on the first date of every month.
  • Nature of Indebtedness: Secured

Deemed Date of Allotment

The date on which the Board of Directors or the Debenture Fund Raising Committee approves the allotment. All benefits, including interest, accrue to NCD holders from this date.

Default and Penalty Provisions

The issuer shall pay additional interest for delays in allotment, refunds, dematerialized credit, execution of the Debenture Trust Deed, or payment of interest/principal beyond prescribed time limits, as per applicable laws or the prospectus.

Other Information

  • There are no special rights/privileges attached to the instrument.
  • There are no details of any letters or comments regarding payment/non-payment of interest or principal.
  • Details of redemption of preference shares are not applicable.