Key Quantitative Figures

  • Number of NCDs Allotted: 20,000
  • Face Value per NCD: ₹ 1,00,000 (Rupees One Lakh)
  • Total Face Value: ₹ 200,00,00,000 (Rupees Two Hundred Crore)
  • Aggregate Amount Received: ₹ 202,17,71,000 (Rupees Two Hundred Two Crore Seventeen Lakh and Seventy-One Thousand)
  • Breakdown of Aggregate Amount:
  • Accrued Interest: ₹ 3,55,71,000 (Rupees Three Crore Fifty-Five Lakh Seventy-One Thousand)
  • Discount Amount: ₹ 1,38,00,000 (One Crore Thirty-Eight Lakh)

Dates of Action

  • Date of Allotment: July 10, 2026
  • Date of Maturity: April 24, 2036

Instrument Details

  • Type: Unsecured, redeemable, rated, listed, subordinated, non-convertible debentures
  • Classification: Constitutes Tier II Capital
  • Series: PFL NCD Series 'SDA1' FY2026-27 Re-issuance-I
  • Coupon/Interest Rate: 8.4308% per annum
  • Tenure:
  • Reissuance Tenor: 3,576 Days
  • Original Tenor: 3,653 Days (10 Years)
  • Security: Unsecured (subordinated debentures Tier II)
  • Listing: The Debentures will be listed on the Debt Market Segment of the BSE Limited.

Payment and Default Terms

  • The schedule of coupon/interest and principal payments is detailed in the "Illustration of Cash Flows" within the Key Information Document dated July 09, 2026.
  • In case of a delay in payment of interest/principal for more than three months from the due date, the company shall pay a default coupon. This is 2% (two per cent) over and above the applicable coupon rate for the period of the default until it is cured to the satisfaction of the Debenture Trustee.

Governing Body and Rationale

The allotment was approved by the Finance Committee of the company via a resolution dated July 10, 2026. The committee was acting under authority granted by the Board of Directors. The NCDs were issued through a private placement.

Additional Information

  • There are no details of any letters or comments regarding payment/non-payment of interest or principal.
  • Details of redemption are as mentioned in the terms for tenure and payment schedule.
  • Special rights/interest/privileges attached to the instruments are as specified under the Key Information Document.