Key Quantitative Figures

  • NCD Details: 30 Unsecured, Subordinated, Rated, Non-Convertible, Perpetual Debt instruments
  • Face Value: ₹10,00,000 (Rupees Ten Lacs) each
  • Total Principal Amount: ₹3,00,00,000 (Rupees Three Crore)
  • Coupon Rate: 12.10% per annum, fixed, payable annually
  • Call Premium: Not applicable (N.A.)
  • Outstanding Principal for Redemption: ₹3,00,00,000 (Rupees Three Crore)

Dates of Action

  • Call Option Exercise Date: September 09, 2026
  • Record Date: August 25, 2026
  • Redemption Date: September 09, 2026
  • Original Issue/Allotment Date: September 09, 2016 (Deemed Date of Allotment)
  • Notice Date: August 04, 2026

Parties Involved

  • Issuer: Poonawalla Fincorp Limited
  • Debenture Trustee: Catalyst Trusteeship Limited
  • Regulatory Authorities: SEBI, RBI (approval received)
  • Stock Exchanges: BSE Limited (listed on wholesale debt market segment), National Stock Exchange of India Limited
  • Rating Agencies: Originally rated BWR AA- by Brickwork Ratings; currently rated CARE AA+ (Stable) by CARE Ratings Limited

Instrument Specifications

  • Type: Unsecured, Subordinated, Perpetual Debt in nature of Debentures
  • Issue Basis: Private placement
  • Coupon Type: Fixed
  • Payment Frequency: Annually
  • Minimum Tenure: 10 years from issue date (call option eligible after this period)

Terms of Call Option

The company exercised its call option right as per the Term-sheet/Tranche Information Document dated August 31, 2016, read with Shelf Information Memorandum dated July 30, 2016. The bonds had a call option after minimum 10 years from issue date. If call option was not exercised at end of 10th year, the coupon rate would step up by 100 bps to 13.10% p.a. for subsequent years.

Redemption Process

  • NCDs will be redeemed at face value of ₹10,00,000 each plus accrued interest
  • Redemption amount will be paid to debenture holders as of record date (August 25, 2026)
  • Payment will be made on September 09, 2026 by crediting bank accounts linked to demat accounts
  • After redemption payment, the NCDs will be fully extinguished with no further claims against the company

Document References

  • Annexure I: Notice to debenture holders dated August 04, 2026
  • Regulatory References: SEBI Listing Regulations Regulation 51, SEBI NCS Regulations Regulation 15, Regulation 15(6), Regulation 60(2)