Utkarsh SFB Allots ₹300 Crore 11.75% NCDs

Date: September 25, 2026

Type of Security: Rated, Listed, Unsecured, Subordinated, Redeemable, Lower Tier II Bonds in the form of Non-Convertible Debentures (NCDs)
Type of Issuance: Private placement basis to eligible investors
Number of NCDs Allotted: 30,000 (Thirty Thousand)
Face Value: ₹1,00,000 (Rupees One Lakh) each
Total Issue Size: ₹3,00,00,00,000 (Rupees Three Hundred Crore)
Coupon Rate: 11.75% (Eleven Percent) per annum
Coupon Payment Frequency: Payable quarterly
Tenure: 7 (Seven) Years from the Date of Allotment
Security: Unsecured (No charge/security created over assets)
Listing: The NCDs are proposed to be listed on the Wholesale Debt Market segment of BSE Limited.
Special Rights/Privileges: Not Applicable
Default Provisions: None for delay in payment of interest/principal amount for more than three months from due date