Date: October 09, 2026
Board Meeting Outcomes
- The Board of Directors approved, via resolution passed by circulation on October 09, 2026, the allotment of 200 Subordinated, Rated, Listed, Unsecured, Transferable, Redeemable, Fully Paid-Up Non-Convertible Debentures (NCDs).
- The NCDs are categorized as Basel II Compliant Lower Tier II Capital issued on a private placement basis.
- Aggregate issue value: INR 200 Crore.
- Face value: Rs. 100,00,000/- (Rupees One Crore each).
- Coupon rate: 10.05% per annum, fixed, payable semi-annually.
- Tenure: 10 years (Allotment date: October 09, 2026; Maturity date: October 09, 2036).
- The instruments are unsecured with no special rights/privileges attached.
- The NCDs are proposed to be listed on BSE Limited and will be held in dematerialized form.
KMP / Board / Auditor Changes
Not Specified
Dividend Declaration or Non-Declaration
Not Specified
Financial Results
Not Specified
Auditor’s Report
Not Specified
Disinvestment / Strategic Actions
Not Specified
Other Operational / Legal / Strategic Disclosures
- Reference to previous intimations: Letter No. Ref.: SSFB/CS/49/2026-27 dated September 16, 2026 and Letter No. SSFB/CS/51/2026-27 dated September 21, 2026.