IndoStar Capital Finance Limited has made a regulatory disclosure pursuant to SEBI Listing Regulations, specifically Regulation 30 read with Para A of Part A of Schedule III. The disclosure concerns the allotment of non-convertible debentures (NCDs) approved by the company's Borrowing Committee.

Key Quantitative Figures

  • Total Amount: ₹400 crore (₹200 crore per series)
  • Series XXXIV: 20,000 NCDs of face value ₹1,00,000 each totaling ₹200 crore
  • Series XXXV: 20,000 NCDs of face value ₹1,00,000 each totaling ₹200 crore
  • Coupon Rate: 9.15% for both series
  • Series XXXIV Tenor: 25 months from deemed date of allotment
  • Series XXXV Tenor: 28 months from deemed date of allotment

Dates of Action

  • Committee Approval: Circular Resolution #04/2026-27 dated July 23, 2026
  • Series XXXIV Principal Redemption: August 23, 2028
  • Series XXXV Principal Redemption: November 23, 2028

Instrument Details

  • Type: Senior, secured, redeemable, rated, listed, taxable, non-convertible debentures
  • Issuance Type: Private placement
  • Series Designation: 9.15% ICFL 26-27/SERIES XXXIV and 9.15% ICFL 26-27/SERIES XXXV
  • Listing: Negotiated trade reporting platform of the National Stock Exchange of India Limited

Payment Schedule

Series XXXIV Payment Details (per debenture):

  • August 23, 2026: Coupon payment of ₹777.12
  • August 23, 2027: Coupon payment of ₹9,150.00
  • August 23, 2028: Principal repayment of ₹1,00,000 + coupon payment of ₹9,150.00 = ₹1,09,150.00

Series XXXV Payment Details (per debenture):

  • November 23, 2026: Coupon payment of ₹3,083.42
  • November 23, 2027: Coupon payment of ₹9,150.00
  • November 23, 2028: Principal repayment of ₹1,00,000 + coupon payment of ₹9,150.00 = ₹1,09,150.00

Security Details

The NCDs are secured by first pari-passu charge (along with banks, financial institutions and other lenders which provide credit facilities to the Company) by way of hypothecation over portfolio of assets or receivables of the Company which are not more than 90 days overdue from the original scheduled date and/or any cash and cash equivalent, unencumbered treasury assets. The security is secured in favour of the Debenture Trustee for the benefit of the Secured Parties pursuant to the Deed of Hypothecation and does not include any investment in or loan(s) extended to the subsidiaries of the Company.

Additional Information

  • No special rights/privileges attached to the NCDs
  • No delay in payment of interest/principal amount for more than three months
  • No comments regarding payment/non-payment from any authorities
  • The intimation has been uploaded on the company website at www.indostarcapital.com