Home First Finance Company India Limited has made a disclosure pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI Listing Regulations.

Key Quantitative Figures

  • Number of NCDs allotted: 15,000 (fifteen thousand)
  • Face value per NCD: ₹1,00,000 (Indian Rupees One Lakh)
  • Aggregate nominal value: ₹150,00,00,000 (Indian Rupees One Hundred and Fifty Crore)
  • Coupon rate: 7.55% per annum (as on Date of Allotment)
  • Security cover requirement: 1.11 times the outstanding amounts

Parties Involved

  • Allottee: Kotak Mahindra Bank Ltd
  • Debenture Trustee: Not specified by name in disclosure
  • Regulatory reference: SEBI Master Circular no. SEBI HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026

Instrument Terms

Interest Rate Structure: Floating interest/coupon rate comprising:

  • Prevailing 3-month overnight indexed swap (OIS) based lending rate derived from FBIL 3M MIBOR-OIS
  • Spread of 2.16% (two decimal one six percent)
  • Subject to benchmark rate reset or step up in accordance with terms

Payment Schedule:

  • Interest payable quarterly in accordance with Transaction Documents
  • Principal amounts (face value) payable quarterly in accordance with Transaction Documents

Security Details:

  • First ranking pari passu continuing charge created in favour of Debenture Trustee
  • Unattested deed of hypothecation over receivables (including identified cash and cash equivalents)
  • Charge over Hypothecated Assets must maintain at least 1.11x coverage of outstanding amounts
  • Additional security interest may be agreed between Company and Debenture Holders

Default Provisions:

  • Delay in payment of interest/principal beyond three months triggers additional interest at 2% per annum over prevailing Interest Rate
  • Additional interest payable from date of occurrence until default is cured or obligations repaid

Redemption Terms:

  • Each Debenture to be fully redeemed on pari passu basis
  • Redemption dates set out in the DTD (Debenture Trust Deed) and Final Redemption Date
  • Final settlement date referred to as "Final Settlement Date"

Additional Information

  • The NCDs are listed on the wholesale debt market (WDM) segment of BSE Limited
  • No special rights/privileges attached to the instrument
  • No cancellation or termination of issuance proposal
  • Information uploaded on company website: www.homefirstindia.com