
Loan & Debt26 May 2026, 09:41 pm
Poonawalla Fincorp to Redeem Partly Paid NCDs on June 26, 2026
AI Summary
Poonawalla Fincorp Ltd. will redeem its 80,000 Secured, Rated, Listed, Redeemable, Partly Paid Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each (paid-up value of ₹1,000 each), totaling ₹8,00,00,000, under ISIN: INE511C07904, on June 26, 2026. The record date for redemption and interest payment is June 11, 2026. The company is redeeming these NCDs because it did not receive Balance Payment Subscription Notices prior to the Balance Payment Date of May 16, 2026, as per the Key Information Document (KID) terms.
Key Highlights
- Poonawalla Fincorp to redeem partly paid NCDs worth ₹8 Crore on June 26, 2026.
- Record date for redemption and interest payment is set for June 11, 2026.
- Redemption is due to non-receipt of Balance Payment Subscription Notices.
- NCDs have a face value of ₹1,00,000 each, with a paid-up value of ₹1,000.
- Debentures will be extinguished through corporate action instructions to depositories.
Price Impact
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