Key Quantitative Figures
- Number of NCDs: 80,000 debentures
- Face Value per Debenture: ₹1,00,000
- Paid-up Value per Debenture: ₹1,000
- Total Redemption Amount: ₹8,00,00,000 (Rupees Eight Crore only)
Dates of Action
- Record Date: June 11, 2026
- Redemption Date: June 26, 2026
- Balance Payment Due Date: May 16, 2026 (referenced as the date by which Balance Payment Subscription Notice was required)
- Allotment Date: June 25, 2025 (referenced as original allotment date)
Parties Involved
- Issuer Company: Poonawalla Fincorp Limited
- Debenture Holders: Beneficial Owners of the NCDs
- Depositories: NSDL and CDSL (mentioned for extinguishment process)
- Regulatory References: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; SEBI (Issue and Listing of Non-Convertible Securities) Regulations 2021; SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025
Purpose and Rationale
The redemption is mandatory as per the terms of the Key Information Document (KID) dated June 24, 2025. The company did not receive any Balance Payment Subscription Notice from debenture holders by the stipulated date of May 16, 2026, triggering the mandatory redemption clause for the paid-up value.
Process and Impact
- The company will redeem the debentures to the extent of the paid-up value (₹1,000 per debenture) along with accrued interest.
- Payment will be made to the Beneficial Owner(s) entitled to receive redemption proceeds on the due date.
- The debentures will be extinguished through corporate action instructions to the depositories (NSDL and CDSL) after redemption.
- The action is being taken pursuant to Regulation 60(2) of SEBI LODR Regulations, 2015 and Regulation 23(7) of SEBI NCS Regulations, 2021.