Poonawalla Fincorp Approves ₹1,000 Crore NCD Issuance

On Monday, February 16, Poonawalla Fincorp Limited announced that its finance committee has approved the issuance of secured, redeemable, rated, and listed non-convertible debentures (NCDs) worth up to ₹1,000 crore through a private placement.

Structure of the NCD Issue

According to an exchange filing, the company plans to issue 1,00,000 NCDs with a face value of ₹1,00,000 each, totalling ₹1,000 crore. These debentures will be issued in dematerialised form and are proposed to be listed on the BSE Limited.

The NCDs will be classified as PFL NCD Series ‘K2’ FY2025-26 and will be secured by a first-ranking pari passu charge on specified hypothecated properties. The company confirmed that the identified assets provide adequate security coverage until redemption.

Key Terms and Investor Protection

Detailed information regarding tenor, coupon rate, payment schedule, allotment, and redemption dates will be outlined in the key information document.

The company has also committed that in case of any delay in interest or principal payments, it will pay an additional 2% over the applicable coupon rate for the period until the default is rectified, subject to the approval of the debenture trustee.

The issuance, approved by the finance committee of the board, will be conducted on a private placement basis targeting eligible investors.

Also Read: IIFL Finance ₹2,000 Crore NCD Opens on February 17: Minimum Investment of ₹10,000 

Strong Financial Performance

Poonawalla Fincorp reported robust growth, with its assets under management (AUM) rising 77.5% year-on-year and 15.3% sequentially, reaching approximately ₹55,000 crore as of December 31, 2025. The company also highlighted its healthy liquidity position, maintaining around ₹6,450 crore at the end of the quarter.

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