Key Quantitative Figures

  • Number of NCDs Allotted: 80,000 (Eighty Thousand)
  • Face Value per NCD: ₹1,00,000 (Indian Rupees One Lakh)
  • Aggregate Nominal Value: ₹800,00,00,000 (Rupees Eight Hundred Crores)
  • Coupon Rate: 8.57% per annum
  • Original Tenor: 3,651 days (approximately 10 years)

Dates of Action

  • Date of Allotment: October 12, 2026
  • Date of Maturity/Redemption: October 10, 2036
  • First Coupon Payment Date: October 12, 2027
  • Final Coupon Payment Date: October 10, 2036

Parties Involved

  • Issuer: L&T Finance Limited
  • Regulatory References: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; SEBI Master Circular dated January 30, 2026; SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021; General Information Document dated March 13, 2026; Key Information Document dated October 07, 2026.

Instrument Details

The allotted securities are subordinated, unsecured, rated, listed, redeemable, non-convertible debentures issued in dematerialized form for cash.

Listing Information

The Debentures are proposed to be listed on the Negotiated Trade Reporting Platform (NTRP) under the New Debt Market of the National Stock Exchange of India Limited.

Payment Schedule

Coupon Payments (Annual)

A detailed schedule of 10 coupon payments was provided, with amounts of ₹8,570.00 per NCD for the first 9 payments and a final adjusted payment of ₹8,523.1694 for the 10th payment due to a shorter period (364 days). Interest payments will be rounded to the nearest rupee.

Principal Payment

The entire principal of ₹1,00,000 per NCD is due for redemption on the maturity date, October 10, 2036.

Default Terms

In case of default in payment of coupon or principal for a period of more than three months from the due date, additional interest at 2% per annum over the coupon rate shall be payable for the defaulting period.

Other Terms

  • Security/Charge: Not Applicable (Unsecured)
  • Special Rights/Privileges: Nil
  • Redemption Price: ₹1,00,000 per NCD at maturity

#Tags: #LTFinance #NCD #PrivatePlacement #SEBIDisclosure #DebtIssue #FinancialUpdate #Neutral