Nature of the Event

Disclosure of a public issue of Secured Redeemable Non-Convertible Debentures (NCDs) by Edelweiss Financial Services Limited, made pursuant to Regulations 30 and 30A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Quantitative Figures

  • Base Issue Size: ₹1,500 million (₹150 crore)
  • Green Shoe Option: ₹1,500 million (₹150 crore)
  • Total Issue Limit: ₹3,000 million (₹300 crore)
  • Number of NCDs: 30,00,000 (30 lakh)
  • Face Value per NCD: ₹1,000
  • Credit Rating: 'CRISIL A+/Stable' for an amount of ₹12,000 million by CRISIL (rating letter dated May 13, 2026; rationale dated January 9, 2026)

Dates of Action

  • Committee Meeting Date: June 1, 2026
  • Prospectus Date: June 1, 2026
  • Issue Opening Date: Monday, June 8, 2026
  • Issue Closing Date: Friday, June 19, 2026
  • Listing: NCDs shall be listed within three working days from the issue closure date

Parties or Entities Involved

  • Issuer: Edelweiss Financial Services Limited
  • Designated Stock Exchange: BSE Limited
  • Credit Rating Agency: CRISIL
  • Regulatory Authorities: Registrar of Companies (Maharashtra at Mumbai), Securities and Exchange Board of India (SEBI)
  • Committee: Debenture Fund Raising Committee of the Company

Purpose or Stated Rationale

Fundraising through a public issue of secured NCDs.

Financial or Operational Impact

The issue will raise up to ₹300 crore in debt capital for the company.

Capital Structure Impact

The issue will increase the company's outstanding debt by up to ₹300 crore.

Terms of the NCDs

The NCDs are offered in 10 series with varying tenors and coupon rates:

| Series | Tenor (months) | Coupon (% p.a.) | Effective Yield (% p.a.) | Redemption Amount (₹ per NCD) |

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

| II | 24 | NA | 8.65% | 1,180.75 |

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

| IV | 36 | 9.15% | 9.14% | Not specified |

| V | 36 | NA | 9.15% | 1,000 |

| VI | 60 | 9.21% | 9.60% | 1,000 |

| VII | 60 | 9.60% | 9.59% | Not specified |

| VIII | 60 | NA | 9.60% | 1,000 |

| IX | 120 | 9.58% | 10.00% | 1,000 |

| X | 120 | 10.00% | 9.99% | Not specified |

Series IV Allocation: The company shall allocate and allot Series IV NCDs wherein applicants have not indicated a choice of series.

Interest Payment:

  • Annual series: Interest paid on each anniversary of the Deemed Date of Allotment
  • Monthly series: Interest paid on the first date of every month
  • First interest payment for monthly options: Interest from Deemed Date of Allotment till last day of subsequent month will be clubbed and paid on first day of next month

Security Details

The principal amount of NCDs shall be secured by:

  • Pari passu charge in favor of the Debenture Trustee on certain assets of the company
  • Assets include: loans and advances, receivables, investments, stock in trade, current & other assets, and/or immovable property/fixed assets
  • Security cover of at least 100% of outstanding principal amounts and interest must be maintained at all times until maturity
  • Necessary consents received from relevant debenture trustees for ceding pari-passu charge
  • Security shall be created prior to making the listing application
  • If the company fails to execute the Debenture Trust Deed within the period specified in Regulation 18(1) of SEBI NCS Regulations, it shall pay additional interest of 2% per annum over the coupon rate until execution

Default Provisions

The issuer shall pay interest over and above the agreed coupon rate for any delay in:

  • Allotment
  • Refunds
  • Dematerialized credit
  • Execution of Debenture Trust Deed
  • Payment of interest
  • Redemption of principal amount

Beyond prescribed time limits, at rates stipulated under applicable laws or as specified in the prospectus.

Issue Procedure Details

  • Bidding Period: 10:00 a.m. to 5:00 p.m. (IST) on working days during issue period
  • Issue Closing Date: Applications accepted only between 10:00 a.m. to 3:00 p.m., uploaded until 5:00 p.m.
  • Basis of Allotment: Date priority basis, except on days of oversubscription when allotment will be proportionate
  • Minimum Subscription Period: 2 working days
  • Maximum Subscription Period: 10 working days

Additional Information

  • The issue is not underwritten
  • Applicants are advised to submit applications one day prior to issue closing date
  • Applications not uploaded on stock exchange platform will be rejected
  • Refer to Annexure C of the prospectus for cash flow details of the company

#Tags: #EdelweissFinancialServices #NCDIssue #DebtFundraising #SEBIDisclosure #RegulatoryCompliance #FinancialUpdate #Neutral