Executive Summary
This digest covers 46 debt market filings, predominantly focused on September 8, 2026, revealing a day of heavy activity in commercial paper (CP) redemptions and new Non-Convertible Debenture (NCD) issuances. The CP market shows significant churn, with multiple redemptions from entities like Bajaj Financial Securities (~₹500 Cr), KEC International (₹75 Cr), and Avenue Supermarts' fresh ₹300 Cr issuance at 6.40%.
The NCD market is dominated by large-scale private placements from major NBFCs and housing finance companies, including Bajaj Finance (₹2,050 Cr at 8.07%), Bajaj Housing Finance (~₹1,986 Cr at 7.79%), and Tata Capital (₹3,000 Cr at 8.05%). A critical risk flag emerges from Samunnati Finance Private Limited, where a debenture holder meeting to discuss financial covenant breaches was adjourned due to lack of quorum, compounded by a recent rating downgrade to BB+/Negative. Overall, the market signals robust refinancing and fundraising activity from high-rated entities, contrasted by a specific credit event risk at a smaller NBFC. Trends in coupon rates indicate a premium for longer-tenor, lower-rated debt versus shorter-term, high-rated commercial paper. Forward-looking catalysts include upcoming board meetings for debt issuance approvals at Knowledge Marine & Engineering Works and UNO Minda.
Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →
Filing types in this digest: Debt securities
Tracking the trend? Catch up on the prior India Debt Bond Securities SEBI Regulatory Filings digest from September 07, 2026.
Investment Signals (11)
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Raised ₹2,050 Cr in secured NCDs at 8.07% for ~3.5 years, signaling strong investor appetite for top-tier NBFC debt despite a slight yield decline from recent issuances [NEUTRAL/BULLISH].
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Issued secured NCDs of ₹3,000 Cr at 8.05% with a 3-year tenor, reflecting robust demand for AAA-rated paper and potentially locking in favorable rates before any policy rate shift [BULLISH].
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Allotted NCDs of ~₹1,986 Cr at a lower coupon of 7.79% for ~5-year maturity (Aug 2031), reflecting its superior credit rating and strong financial standing in the housing finance segment [BULLISH].
- Avenue Supermarts (DMART)▲
Issued a 90-day CP of ₹300 Cr at 6.40%, demonstrating strong short-term creditworthiness (ICRA A1+) and using the debt market for working capital, signaling efficient treasury management [NEUTRAL].
- IIFL Finance▲
Raised ₹100 Cr via unsecured, subordinated NCDs (Series D38) at a high coupon of 9.35% for 7 years, indicating a relatively higher cost of funds for this NBFC class, likely reflecting its perceived risk profile and tier of capital [NEUTRAL/BEARISH].
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Approved NCD issuance of up to ₹2,000 Cr (base ₹500 Cr) at 8.57% for ~3.1 years, a higher coupon than peers like Bajaj Finance and Tata Capital, highlighting a risk premium associated with its credit profile and asset-liability management needs [NEUTRAL].
- Samunnati Finance▲
The adjournment of a debenture holder meeting to discuss financial covenant breaches, combined with a rating downgrade to BB+/Negative, signals severe credit stress and potential restructuring risk for its debenture holders [BEARISH].
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Confirmed early payment of monthly interest on its debentures, a positive signal of its liquidity management and commitment to servicing debt obligations [BULLISH].
- Bajaj Financial Securities▲
The firm redeemed a single commercial paper of ₹500 Cr, whose ISIN suggests it may have been issued in tranches, highlighting a large-scale short-term liability management activity common in the NBFC sector [NEUTRAL].
- Axis Finance▲
Timely payment of annual interest of ₹7.70 Cr on its NCDs confirms its debt servicing capability and no change in its financial health [NEUTRAL].
- Earlysalary Services▲
Interest payment on NCDs was made 3 days early, a positive but minor signal of proactive liquidity management [NEUTRAL/BULLISH].
Risk Flags (8)
- Samunnati Finance – Covenant Breach & Downgrade▼
A debenture holder meeting for covenant breaches was adjourned to Sep 15. The company's rating was downgraded from BBB-/Negative to BB+/Negative on Sep 1, indicating heightened credit risk and potential for regulatory action or debt restructuring [HIGH RISK].
- Samunnati Finance – Lack of Quorum▼
The adjourned meeting may signal waning investor confidence or apathy, delaying resolution and increasing uncertainty for debenture holders [HIGH RISK].
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Received in-principle approval from BSE to extend NCD maturity by one year, pushing final maturity to March 2028. This is a classic sign of refinancing risk or covenant relaxation, which may affect market perception of its debt quality [MEDIUM RISK].
- IIFL Finance – Unsecured Subordinated Debt▼
Their recent NCD issuance is unsecured and subordinate, meaning it ranks lower in claims during liquidation. While offering a high coupon (9.35%), it carries elevated principal risk for investors [MEDIUM RISK].
- Conmin Projects – Real Estate Focus Debt▼
NCD allotment to Kotak Real Estate Funds for a 4-year maturity may expose investors to cyclical risk in the real estate sector, though the terms are not disclosed [LOW-MEDIUM RISK].
- Infinity Fincorp – Face Value Reduction▼
The company filed an undertaking about face value reductions via partial redemptions without proper disclosure, assuming liability for discrepancies. This reflects poor communication and could impact trade settlement [LOW RISK].
- Bombay Burmah Trading Corp – Short Tenor CP▼
Redeemed a 33-day CP, which is an extremely short maturity instrument. While not a risk in itself, heavy reliance on such short-term funding can expose a company to refinancing risk if market conditions tighten [LOW RISK].
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Paid ₹62.05 Cr annual interest on its perpetual AT1 bond (₹710 Cr issue). While timely, AT1 bonds carry unique risks (coupon cancellation, principal write-down) which should be monitored by holders for any trigger events [LOW RISK].
Opportunities (9)
- Avenue Supermarts (DMART) – Short-term CP Yield◆
Its CP at 6.40% for 90 days offers a decent risk-free return, given its AAA-equivalent rating (ICRA A1+), ideal for cash-rich institutional investors seeking near-cash deployment [OPPORTUNITY].
- Bajaj Finance & Bajaj Housing Finance – NCD Coupon Arbitrage◆
Bajaj Finance NCDs (8.07%) offer a 28 bps premium over Bajaj Housing Finance (7.79%) despite similar maturities and parentage, presenting an opportunity for yield pickup within the same group [OPPORTUNITY].
- Piramal Finance – High Coupon on Secured NCD◆
At 8.57% for ~3-year secured NCDs, it provides a 50-70 bps yield premium over peers like Tata Capital and Bajaj Finance. For investors comfortable with the credit profile, this is a significant relative value play [OPPORTUNITY].
- IIFL Finance – High Yield on Subordinated Debt◆
The 9.35% coupon on a 7-year subordinated NCD is one of the highest yields in this batch, potentially attractive for high-risk appetite investors speculating on NBFC sector stability [OPPORTUNITY].
- Knowledge Marine & Engineering Works – Potential NCD Issue◆
The board approved raising up to ₹500 Cr via NCDs; a new issuer with a smaller market cap could offer higher coupon rates, presenting a first-mover advantage for yield seekers [OPPORTUNITY].
- UNO Minda – Upcoming Fundraise via NCDs◆
With a board meeting on Sep 14 to approve NCD issuance, investors could expect detailed terms and perhaps a premium over rated peers, given the company's robust auto ancillary business [OPPORTUNITY].
- Hampi Expressways – NCD Early Redemption◆
Board meeting on Sep 11 to consider early full redemption of NCDs gives existing debenture holders a near-term event to capture capital gains, as the bonds may be called at a premium or par [OPPORTUNITY].
- Avanse Financial Services – Full Redemption◆
The company fully redeemed a ₹100 Cr NCD series, leaving zero outstanding. This could signal improved liquidity and a potential deleveraging, improving its credit profile for future issuances [OPPORTUNITY].
- RBI Circular Withdrawal – ECB/External Borrowings◆
The withdrawal of 7 dated FEMA circulars (2012-2015) on ECB and rupee bonds is a regulatory cleanup that may simplify cross-border borrowing frameworks, facilitating easier access for companies to external debt markets [OPPORTUNITY].
Sector Themes (6)
- NBFC Debt Market Dominance◆
The majority of large NCD issuances came from top NBFCs (Bajaj Finance, Tata Capital, Piramal Finance, Bajaj Housing Finance, IIFL Finance), collectively raising over ₹7,500 Cr in a single day. This indicates a strong reliance on the bond market for ALM and growth financing, rather than bank loans [SECTOR TREND].
- Coupon Rate Disparity by Credit Profile◆
AAA-rated entities (Bajaj Finance: 8.07%, Tata Capital: 8.05%, Bajaj Housing: 7.79%) commanded significantly lower yields compared to sub-AAA names (Piramal Finance: 8.57%, IIFL Finance: 9.35%). The spread between the best (7.79%) and riskiest (9.35%) in this batch is 156 bps, highlighting active credit differentiation [SECTOR TREND].
- Active Short-Term Liability Management◆
On Sep 8, there were multiple CP redemptions totaling well over ₹600 Cr, signaling that corporations are actively managing short-term liquidity and taking advantage of the CP market for working capital. The issuance of new CPs (Avenue Supermarts) alongside redemptions shows a continuous refinancing cycle [SECTOR TREND].
- Credit Event Risk in Smaller NBFCs◆
Samunnati Finance's rating downgrade and adjourned debenture meeting is a stark reminder of the elevated risk for investors in lower-rated NBFC debt. Unlike the large AAA issuers, smaller entities face acute refinancing risk and covenant breaches, requiring careful monitoring [SECTOR TREND].
- Real Estate Sector Debt Inflows◆
Conmin Projects raised ₹25 Cr via NCDs specifically from Kotak Real Estate funds. While small, this reflects continued structured debt flow into the real estate segment, albeit through specialized funds, and not directly from the public bond market [SECTOR TREND].
- Secured vs. Unsecured Preference◆
The vast majority of NCD issuances (Bajaj Finance, Bajaj Housing, Tata Capital) were secured, providing asset cover of at least 1x. Only IIFL Finance opted for a subordinated unsecured issue at a higher cost, indicating that most issuers prioritize investor comfort and lower coupon rates by offering collateral [SECTOR TREND].
Watch List (8)
- Samunnati Finance – Adjourned Debenture Meeting👁
The rescheduled meeting on Sep 15 will be critical to watch. Outcome of discussions regarding covenant breaches and potential remedial actions (waivers, acceleration of payment, restructuring) could trigger a material price move in its NCDs [WATCH].
- UNO Minda – Board Meeting for NCD Issue👁
Scheduled for Sep 14, the board will consider NCD issuance. The size, coupon rate, and tenure will provide insight into the company's near-term funding strategy and the market's appetite for auto-ancillary sector debt [WATCH].
- Knowledge Marine & Engineering Works – NCD Approval👁
The board's approval for up to ₹500 Cr in NCDs is a significant event. The actual issuance timing, size, and pricing (likely after the AGM on Sep 30) will be a key catalyst for this smaller-cap company [WATCH].
- Hampi Expressways – Board Meeting for Early Redemption👁
Meeting on Sep 11 to consider early full redemption of NCDs. If approved, bondholders could receive cash or see the bond mature early, leading to a price settlement event. Monitor for post-meeting disclosure [WATCH].
- Sovereign Gold Bond (SGB) Redemption👁
The premature redemption of SGB 2020-21 Series XII on Sep 9 provides liquidity for gold investors and may influence gold prices or gold-related borrowing, though direct debt market impact is low [WATCH].
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The in-principle approval for extending NCD maturity is valid for 3 months. The company's subsequent compliance and final execution will need monitoring. Failure to complete could trigger a default, while success will provide a liquidity lifeline [WATCH].
- Axis Finance & Bank of Maharashtra – Future Interest Payments👁
Both entities have annual interest payments due next year (Sep 2027 for Axis, Sep 2027 for Bank of Maharashtra). Timely payments next year will reaffirm credit quality; any delays would be a negative surprise [WATCH].
- Piramal Finance – NCD Listing👁
The issue (up to ₹2,000 Cr) is proposed to be listed on BSE and NSE within 3 working days. The listing price of these bonds will serve as a real-world price discovery for the coupon rate set at 8.57% [WATCH].
Filing Analyses
(46)
08-09-2026
360 ONE Alternates Asset Management Limited has redeemed 100 Commercial Papers with ISIN INE0TQI14244 on September 08, 2026, as per the redemption schedule. The company certified the completion of this corporate action to BSE Limited.
- · The redemption was intimated to BSE Limited on September 08, 2026.
- · The scrip code for the commercial papers is 731317.
- · The company's corporate office is located at 360 ONE Centre, Kamala City, Senapati Bapat Marg, Lower Parel, Mumbai – 400 013.
08-09-2026
Avenue Supermarts Limited (DMART) has issued a 90-day commercial paper worth Rs 300 crores, carrying a coupon of 6.40% and rated ICRA A1+. The instrument is unsecured and proposed to be listed on BSE Limited.
- · Date of allotment: 8th September 2026
- · Date of maturity: 7th December 2026
- · Credit rating: ICRA A1+
- · Instrument is unsecured
- · Proposed to be listed on BSE Limited
08-09-2026
Muthoot Capital Services Limited has confirmed timely payment of interest on its debentures (ISIN: INE296G07283) to BSE Limited. The interest amount of ₹37,67,300.00 was paid on September 7, 2026, one day before the due date of September 8, 2026, with no defaults or delays.
- · Interest payment was made one day early (actual date: September 7, 2026 vs due date: September 8, 2026).
- · Interest payment frequency is monthly.
- · Last interest payment was made on August 7, 2026.
- · The debentures have multiple BSE scrip codes listed.
08-09-2026
Nuvama Wealth and Investment Limited has redeemed and paid the amount due on a commercial paper (ISIN: INE523L14BP9) issued on June 5, 2026. The redemption was completed on September 8, 2026, fulfilling the company's debt obligation.
- · The commercial paper was issued under an offer document dated June 5, 2026.
- · The redemption was intimated to BSE Limited on September 8, 2026.
08-09-2026
Axis Finance Limited has certified to BSE that it made timely payment of ₹7,70,00,000 in interest on its Non-Convertible Debentures (ISIN INE891K07812) on the due date of September 8, 2026. The payment was made in full and on time, with no delays or defaults.
- · Interest payment record date was August 24, 2026.
- · Last interest payment was made on September 9, 2025.
- · Interest frequency is annual.
- · No change in frequency of payment.
08-09-2026
Axis Finance Limited has certified to BSE that it made timely payment of ₹7,70,00,000 in interest on its Non-Convertible Debentures (ISIN INE891K07812) on the due date of September 8, 2026. The payment was made as per schedule with no delays or changes in frequency.
- · Interest payment record date was August 24, 2026.
- · Last interest payment was made on September 9, 2025.
- · Interest is paid annually with no change in frequency.
08-09-2026
Samunnati Finance Private Limited informed BSE that the meeting of debenture holders scheduled for September 7, 2026, was adjourned due to lack of quorum. The meeting was originally convened to discuss breaches of financial covenants as per the statutory auditor certificate for the quarter ended June 30, 2026. The adjourned meeting will be held on September 15, 2026, at the same time (4:00 PM) via video conferencing.
- · The meeting was convened to discuss breaches of financial covenants as per the Statutory Auditor Certificate for the quarter ended June 30, 2026.
- · The adjourned meeting will be held on September 15, 2026, at 4:00 PM via VC/OAVM.
- · The original meeting date was September 7, 2026, and the adjournment was due to lack of requisite quorum after a 30-minute waiting period.
08-09-2026
TARC Limited has received in-principle approval from BSE Limited to amend the redemption schedule of its listed, rated, redeemable, non-convertible debentures (ISIN INE0EK907050). The revised schedule extends the redemption dates and adjusts the redemption amounts, with the final maturity now set at March 2028 instead of March 2027. The approval is valid for three months and is subject to certain conditions, including confirmation from depositories and compliance with SEBI regulations.
- · The in-principle approval was granted under Regulation 59(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- · The approval is valid for a period of 3 months from the date of issue (September 7, 2026).
- · Conditions include submission of confirmation from depositories regarding the proposed modifications and compliance with the Companies Act, 2013.
- · The existing redemption schedule had a final maturity on March 31, 2027, with a scheduled amount of ₹4,10,58,18,323.
- · The revised schedule extends the final maturity to March 31, 2028, with a scheduled amount of ₹6,61,27,48,890.
- · An additional redemption date of March 31, 2027, is introduced in the revised schedule with an amount of ₹4,44,58,71,771.
08-09-2026
Infinity Fincorp Solutions Private Limited has filed an undertaking with BSE Limited clarifying that the face value of its Non-Convertible Debentures (NCDs) bearing ISIN INE00VD07016 and INE00VD07032 has been reduced through partial redemptions. For ISIN INE00VD07016, the face value was reduced from ₹1,00,000 to ₹62,500 per debenture in three steps between December 2025 and June 2026. For ISIN INE00VD07032, the face value was reduced from ₹1,00,000 to ₹77,778 per debenture in two steps between March 2026 and June 2026. The company assumes full liability for any discrepancies arising from trades conducted during the period from listing to the filing date.
- · ISIN INE00VD07016 was listed on 27 March 2025; ISIN INE00VD07032 was listed on 23 October 2025.
- · For ISIN INE00VD07016, partial redemptions occurred on 29-12-2025, 27-03-2026, and 29-06-2026.
- · For ISIN INE00VD07032, partial redemptions occurred on 27-03-2026 and 29-06-2026.
- · The company accepts full liability for any trade discrepancies from listing date to 08 September 2026 for both ISINs.
- · The filing is an undertaking to BSE Limited, not a financial result or regulatory action.
08-09-2026
The Reserve Bank of India announced the premature redemption price for Sovereign Gold Bond (SGB) 2020-21 Series XII, due on September 09, 2026. This is a routine operational disclosure regarding the redemption of a specific government bond series, with no financial figures or performance data provided.
- · The premature redemption is for SGB 2020-21 Series XII.
- · The redemption date is September 09, 2026.
- · The filing is a press release from the Reserve Bank of India.
08-09-2026
KEC International Limited has fully redeemed its 75 Crore commercial paper (ISIN INE389H14MK1) on the maturity date of September 8, 2026, as per SEBI regulations. The redemption was paid on the same day, and the company has informed BSE Limited accordingly.
- · The commercial paper matured on September 8, 2026, and the redemption amount was paid on the same date.
- · The company had previously intimated the record date for redemption via a letter dated August 24, 2026.
- · The disclosure is made in compliance with SEBI Master Circular SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025.
08-09-2026
The Bombay Burmah Trading Corporation Limited has fully redeemed its Commercial Paper (ISIN: INE050A14937) on the scheduled maturity date of September 8, 2026. The redemption was made in compliance with SEBI Master Circular requirements, confirming the company met its payment obligations on time.
- · Commercial Paper issued on August 6, 2026, with a maturity of 33 days.
- · Redemption completed on the exact scheduled maturity date, September 8, 2026.
- · Filing made under SEBI Master Circular SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025.
08-09-2026
Tata Capital Limited has allotted 3,00,000 secured, redeemable, non-convertible debentures (NCDs) on a private placement basis, raising Rs.3000 crore. The NCDs carry a coupon rate of 8.05% p.a., mature on September 07, 2029, and are rated CRISIL AAA/Stable and [ICRA] AAA/Stable. The issue is a routine debt fundraising activity with no negative indicators.
- · Series: TCL Secured NCD E FY 2026-27-VIS-M
- · ISIN: INE976I07DH2
- · Tenor: 1095 days from allotment
- · Redemption: Bullet payment at maturity
- · Security: Pari-passu charge on moveable property (receivables and book debts), security cover of 1.00 times outstanding value
- · Interest payment dates: September 08, 2027; September 08, 2028; September 07, 2029
- · Proposed listing on NSE
08-09-2026
Cyqure India Private Limited announced that CARE Ratings Ltd has revalidated/re-affirmed its credit rating on Non-Convertible Debentures at 'CARE BBB-; Stable' as of September 3, 2026. No comparative prior rating or financial performance data is provided in the filing.
- · Rating reaffirmed at 'CARE BBB-; Stable' by CARE Ratings Ltd on September 3, 2026
- · The rating applies to Non-Convertible Debentures issued by the company
- · The detailed rationale is available on CARE Ratings' website
08-09-2026
The Reserve Bank of India (RBI) has withdrawn seven circulars issued under the Foreign Exchange Management Act (FEMA) as part of its ongoing regulatory rationalization. The withdrawn circulars, dating from 2012 to 2015, cover topics including External Commercial Borrowings (ECB) policy, rupee-denominated bonds, and money transfer services, and have been deemed redundant, superseded, or no longer operative. This is a routine administrative cleanup with no direct financial impact on any specific company.
- · The circulars withdrawn date from November 2012 to September 2015.
- · Topics include ECB policy, rupee-denominated bonds, infrastructure sector definition, borrowing/lending in rupees, import of services, Money Transfer Service Scheme sub-agents, and ECB by SIDBI.
- · The circular was issued under Section 10(4) and Section 11(1) of FEMA, 1999.
08-09-2026
Bajaj Financial Securities Limited has redeemed a commercial paper with ISIN INE01C314GC8 on its maturity date of September 8, 2026, for an amount of ₹5,00,00,00,000. The redemption was made in accordance with SEBI's master circular on commercial paper issuance and listing.
- · The commercial paper was redeemed on its maturity date, 08/09/2026.
- · The payment date was also 08/09/2026, indicating timely redemption.
- · The filing was made under SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated 15 October 2025.
08-09-2026
Bajaj Financial Securities Limited has redeemed a commercial paper with ISIN INE01C314GC8 on its maturity date of September 8, 2026, for an amount of ₹5,00,00,00,000. The redemption was made in accordance with the terms of issuance and the SEBI Master Circular on commercial paper procedures.
- · The commercial paper was redeemed on its maturity date, 08/09/2026.
- · The payment date was also 08/09/2026.
- · The scrip code is 731855.
08-09-2026
Bajaj Financial Securities Limited has redeemed a commercial paper with ISIN INE01C314GC8 on its maturity date of September 8, 2026, for an amount of ₹5,00,00,00,000. The redemption was completed in accordance with SEBI regulations and the terms of issuance.
- · The commercial paper was redeemed on its maturity date, September 8, 2026.
- · The payment was made on the same date as maturity.
- · The filing references SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated 15 October 2025.
08-09-2026
Bajaj Financial Securities Limited has redeemed a commercial paper with ISIN INE01C314GC8 on its maturity date of September 8, 2026, for an amount of ₹5,00,00,00,000. The redemption was made in accordance with SEBI regulations and the terms of issuance.
- · The commercial paper was redeemed on its maturity date of September 8, 2026, and the payment date was the same day.
- · The redemption was reported to BSE Limited in compliance with SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025.
08-09-2026
Bajaj Financial Securities Limited has redeemed a commercial paper with ISIN INE01C314GC8 on its maturity date of September 8, 2026, for an amount of ₹5,00,00,00,000. The redemption was made in accordance with SEBI regulations and the terms of issuance.
- · The commercial paper was redeemed on its maturity date, September 8, 2026, and the payment was made on the same date.
- · The redemption was reported to BSE Limited in compliance with SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025.
08-09-2026
Bajaj Financial Securities Limited redeemed a commercial paper with ISIN INE01C314GC8 on its maturity date of September 8, 2026, for an amount of ₹5,00,00,00,000. The redemption was made in accordance with SEBI guidelines and the terms of issuance.
- · The commercial paper had a scrip code of 731855 and ISIN INE01C314GC8.
- · The maturity date and payment date were both September 8, 2026.
- · The filing was made under SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025.
08-09-2026
Bajaj Financial Securities Limited has redeemed a commercial paper with ISIN INE01C314GC8 on its maturity date of September 8, 2026, for an amount of ₹5,00,00,00,000. The redemption was made in accordance with SEBI regulations and the terms of issuance.
- · The commercial paper was redeemed on the due date (08/09/2026) without any default or extension.
- · The redemption was disclosed under SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated 15 October 2025.
08-09-2026
Bajaj Financial Securities Limited has redeemed a commercial paper with ISIN INE01C314GC8 on its maturity date of September 8, 2026, for an amount of ₹5,00,00,00,000. The redemption was carried out in accordance with SEBI guidelines and the terms of issuance.
- · The commercial paper had a maturity date of September 8, 2026, and was redeemed on the same date.
- · The redemption was reported to BSE Limited in compliance with SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025.
08-09-2026
Piramal Finance Limited has approved the issuance of secured, rated, listed, redeemable non-convertible debentures (NCDs) on a private placement basis with a base issue size of ₹500,00,00,000 (₹500 Crore) and a green shoe option to retain oversubscription of up to ₹1500,00,00,000 (₹1,500 Crore), aggregating to ₹2000,00,00,000 (₹2,000 Crore). The NCDs carry a coupon rate of 8.57% per annum, payable annually, with a tenure of 3 years and 45 days, maturing on November 5, 2029. The debentures are secured by a first-ranking pari-passu charge over the company's hypothecated assets, with a minimum security cover ratio of 1 time.
- · The committee meeting commenced at 4:45 p.m. and concluded at 5:00 p.m. on September 8, 2026.
- · The debentures are proposed to be listed on the WDM of BSE and NSE within 3 working days from the closing of the issue.
- · NSE is the designated stock exchange.
- · Date of allotment is September 21, 2026; date of maturity is November 5, 2029.
- · In case of default in payment of interest/principal for more than three months, additional interest at 2% p.a. over the coupon rate will be payable.
- · The security cover ratio must be maintained at or above 1 time.
08-09-2026
Earlysalary Services Private Limited has certified timely payment of interest on its listed NCDs (ISIN INE01YL07375) due on September 7, 2026. The interest of ₹38,53,236.80 (net of TDS) was paid on September 4, 2026, before the due date, on an issue size of ₹50,00,00,000. The filing confirms compliance with SEBI Listing Regulations and contains no negative or adverse information.
- · Interest payment frequency is monthly.
- · Interest payment record date was August 23, 2026.
- · Last interest payment was made on August 4, 2026.
- · The NCDs are listed on BSE Limited (Scrip Code: 976935).
08-09-2026
Shriram Finance Limited has made timely payment of interest of ₹1,710.00 lakh (₹17.10 crore) on its Non-Convertible Debentures (ISIN INE721A07RC0) on the due date of September 08, 2026. The payment was made in full and on time, with no change in frequency or any delay. This is a routine regulatory disclosure under Regulation 57 of the SEBI Listing Regulations, confirming the company's continued compliance with its debt obligations.
- · ISIN: INE721A07RC0
- · Interest payment frequency: Yearly
- · Interest payment record date: 24/08/2026
- · Due date for interest payment: 08/09/2026
- · Actual date of interest payment: 08/09/2026
- · Date of last interest payment: 08/09/2025
- · No change in frequency of payment
- · No reason for non-payment or delay (NA)
08-09-2026
Hampi Expressways Private Limited has informed BSE that its Board of Directors will meet on September 11, 2026 to consider refinancing existing Non-Convertible Debentures and early full redemption of its listed NCDs (ISIN: INE03ST08010) issued on August 08, 2023. The filing is a routine intimation under Regulation 50(1) of SEBI LODR and contains no financial figures or performance metrics.
- · Board meeting scheduled for September 11, 2026.
- · NCDs to be redeemed were issued on August 08, 2023 and listed on BSE.
- · Debenture Trust Deed was executed on August 04, 2023.
- · Scrip Code: 975019.
- · Registered office located in Jagalur, Davangere, Karnataka.
08-09-2026
IIFL Finance Limited has allotted 10,000 Subordinated, Unsecured, Listed, Rated, Redeemable Non-Convertible Debentures (Series D38) of face value ₹1,00,000 each, aggregating to ₹1,00,00,00,000 (₹100 Crore), on a private placement basis. The debentures carry a coupon rate of 9.35% p.a., mature on September 08, 2033, and are listed on the National Stock Exchange of India. No prior period comparison is available as this is a new issuance.
- · Debentures are unsecured and subordinated, with no charge created over assets.
- · Interest is payable monthly, commencing September 30, 2026.
- · In case of default in payment of interest/principal for more than three months, an additional interest of 2% p.a. is payable.
- · Redemption is at par on maturity date September 08, 2033.
08-09-2026
Knowledge Marine & Engineering Works Limited's board approved the issuance of up to ₹500 Crore in non-convertible debentures (NCDs) via private placement or public issue, within the overall borrowing limit of ₹1,200 Crore already approved by shareholders. The board also approved the draft board report and notice for the 11th Annual General Meeting on September 30, 2026, and adopted amendments to the Memorandum of Association following a 5:1 stock split (face value from ₹5 to ₹1). No financial performance data or period-over-period comparisons were provided in this filing.
- · The NCD issuance will be within the overall borrowing limit of ₹1,200 Crore approved by shareholders on March 15, 2026 via postal ballot.
- · The stock split reduces face value from ₹5 to ₹1 per share, and the authorized capital clause in the MoA is amended to ₹15 Crore divided into 15,00,00,000 equity shares.
- · The board meeting started at 11:00 a.m. IST and concluded at 12:10 p.m. IST on September 08, 2026.
08-09-2026
Conmin Projects India Private Limited allotted 2,500 listed, rated, senior, secured, redeemable, non-convertible debentures (NCDs) with a face value of INR 1,00,000 each, aggregating to INR 25,00,00,000 (INR 25 Crore), on a private placement basis as Tranche 5. The debentures were allotted to Kotak Real Estate Investment Fund II and Kotak Real Estate Fund XII, with a maturity date of September 30, 2030. The allotment was approved at a board meeting held on September 8, 2026, and the debentures are in dematerialised form under ISIN: INE2FR407010.
- · Debenture Trust Deed dated September 18, 2025 executed with IDBI Trusteeship Services Limited
- · Allotment breakdown: Kotak Real Estate Investment Fund II received 738 debentures (INR 7,38,00,000) and Kotak Real Estate Fund XII received 1,762 debentures (INR 17,62,00,000)
- · Maturity date for all debentures is September 30, 2030
- · ISIN: INE2FR407010
- · Board meeting held at 12:00 P.M. at the registered office of the company
08-09-2026
Bajaj Housing Finance Limited has allotted 2,00,000 secured redeemable non-convertible debentures (NCDs) at a face value of ₹1,00,000 each, aggregating to ₹1,985.6538 crore on a private placement basis. The NCDs carry a coupon rate of 7.79% p.a., with annual interest payments and a maturity date of 20 August 2031. The debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.
- · The NCDs have a residual tenure of 1,807 days (approx. 4.95 years) from allotment date.
- · First interest payment is due on 20 August 2027, with subsequent annual payments until maturity.
- · Principal repayment along with final interest is scheduled on 20 August 2031.
- · The debentures are secured by a first pari-passu charge on book debts/loan receivables, with a security cover of 1.00 times the aggregate outstanding value.
- · The Debenture Allotment Committee meeting commenced at 12:45 p.m. and concluded at 12:55 p.m. on 8 September 2026.
08-09-2026
Birla Group Holdings Private Limited has redeemed a Commercial Paper (ISIN: INE09OL14JK1) on its maturity date of September 8, 2026. The instrument was originally issued on June 9, 2026, and was listed on BSE Limited. No financial details such as principal amount or interest were disclosed in the filing.
- · Commercial Paper issued on 09/06/2026 and redeemed on 08/09/2026 (maturity period of approximately 3 months).
- · Scrip Code: 731848; ISIN: INE09OL14JK1.
08-09-2026
Avanse Financial Services Limited has made full redemption and interest payment on its Non-Convertible Debentures (NCD Series 32, ISIN INE087P07360) on the due date of September 08, 2026. The company paid ₹82,40,000 in interest and redeemed the entire principal amount of ₹100,00,00,000, leaving zero outstanding. This is a routine debt servicing disclosure with no delays or defaults.
- · Interest payment record date was August 24, 2026.
- · Last interest payment was made on August 07, 2026.
- · Redemption was due to maturity, with no call or put options exercised.
- · Outstanding amount after redemption is ₹0.
08-09-2026
IGH Holdings Private Limited has redeemed its Commercial Paper (ISIN: INE02FN14945) on its maturity date of September 8, 2026. The paper was originally issued on June 9, 2026, and listed on BSE Limited. This is a routine debt maturity event with no financial figures disclosed.
- · Commercial Paper issued on 09-June-2026 and redeemed on 08-September-2026
- · Listed on BSE Limited under SCRIP Code 731866
08-09-2026
Samunnati Finance Private Limited has adjourned its debenture holder meeting scheduled for September 7, 2026 to September 15, 2026 due to lack of quorum. The meeting was convened to discuss breaches of all financial covenants under the Debenture Trust Deed and a rating downgrade from BBB-/Negative to BB+/Negative by the rating agency on September 1, 2026. The adjournment delays the resolution of these significant credit events.
- · Rating agency downgrade intimated on September 1, 2026, from BBB-/Negative to BB+/Negative
- · Debenture Trust Deed dated 26th September 2024
- · Meeting adjourned after 30 minutes waiting period due to lack of quorum
08-09-2026
Uno Minda Limited has informed the stock exchanges that its Board of Directors will meet on September 14, 2026, to consider and approve the raising of funds through the issue of listed Non-Convertible Debentures (NCDs) in one or more tranches, subject to requisite approvals. The trading window for designated persons with unpublished price sensitive information will remain closed until 48 hours after the board meeting outcome is made public. No financial figures or performance metrics were disclosed in this filing.
- · Board meeting scheduled for September 14, 2026.
- · Trading window closed for designated persons until 48 hours after the September 14, 2026 event is made public.
- · NSE Symbol: UNOMINDA; BSE Scrip: 532539.
- · Filing made pursuant to Regulations 29 and 50 of SEBI (LODR) Regulations, 2015.
08-09-2026
Nuvama Wealth Finance Limited has redeemed and paid the amount due on its commercial paper (ISIN INE918K14DQ7) issued under an offer document dated May 26, 2026. The redemption was completed on September 8, 2026, and the company has informed BSE Limited accordingly.
- · The commercial paper was issued under an offer document dated May 26, 2026.
- · The redemption was completed on September 8, 2026.
- · The filing was made to BSE Limited under the regulatory framework for debt securities.
08-09-2026
Bank of Maharashtra has paid the annual interest of ₹62,05,40,000.00 (including TDS) on its Basel III Additional Tier I Bonds (ISIN: INE457A08118) on the due date of September 8, 2026. The bond issue size is ₹710.00 crore. The payment was made on time with no delays or changes in frequency.
- · Interest payment record date was August 24, 2026.
- · Last interest payment was made on September 8, 2025.
- · Frequency of interest payment is annual.
- · The debenture trustee is SBICAP Trustee Company Limited.
08-09-2026
Bajaj Finance Limited allotted 2,05,000 secured redeemable non-convertible debentures (NCDs) on a private placement basis, aggregating to Rs. 2050.0271 crore, at a face value of Rs. 1 Lakh per NCD. The NCDs carry a coupon of 8.07% p.a., have a tenure of 1294 days, and will mature on 25 March 2030. The debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.
- · ISIN for fresh issue: INE296A07UF0
- · Date of allotment: 8 September 2026
- · Date of maturity: 25 March 2030
- · First coupon payment on 25 March 2027, then annually thereafter
- · Coupon payment dates: 25-03-2027, 25-03-2028, 25-03-2029, 25-03-2030
- · Security: first pari-passu charge on book debts/loan receivables, with security cover of 1.00 time the aggregate outstanding value of debentures
- · Debentures are redeemable on maturity
- · Meeting of Debenture Allotment Committee commenced at 15:00 hrs and concluded at 15:15 hrs
08-09-2026
Bajaj Finance Limited has allotted 2,05,000 secured redeemable non-convertible debentures (NCDs) at a face value of Rs. 1 Lakh each, aggregating to Rs. 2050.0271 crore, on a private placement basis. The NCDs carry a coupon rate of 8.07% p.a., mature on 25 March 2030 (tenure of 1294 days), and are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The allotment was approved by the Debenture Allotment Committee on 8 September 2026.
- · The NCDs are secured by a first pari-passu charge on book debts/loan receivables with a security cover of 1.00 times the aggregate outstanding value.
- · First coupon payment is due on 25 March 2027, with annual payments thereafter until maturity.
- · The Debenture Allotment Committee meeting started at 15:00 hrs and concluded at 15:15 hrs on 8 September 2026.
- · The NCDs are redeemable on maturity (25 March 2030).
08-09-2026
Bajaj Finance Limited has allotted 2,05,000 secured redeemable non-convertible debentures (NCDs) at a face value of Rs. 1 Lakh each, aggregating to Rs. 2050.0271 crore, on a private placement basis. The NCDs carry a coupon rate of 8.07% p.a., mature on 25 March 2030 (tenure of 1294 days), and are secured by a first pari-passu charge on book debts/loan receivables with a security cover of 1.00 times the outstanding value. The debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.
- · The NCDs are secured by a first pari-passu charge on book debts/loan receivables with a security cover of 1.00 times the aggregate outstanding value.
- · First coupon payment is due on 25 March 2027, with annual payments thereafter.
- · The debentures are redeemable on maturity (25 March 2030).
- · The Debenture Allotment Committee meeting commenced at 15:00 hrs and concluded at 15:15 hrs on 8 September 2026.
- · ISIN for the fresh issue: INE296A07UF0.
08-09-2026
Bajaj Finance Limited has allotted 2,05,000 secured redeemable non-convertible debentures (NCDs) on a private placement basis, with a face value of Rs. 1 Lakh each, aggregating to Rs. 2050.0271 crore. The NCDs carry a coupon rate of 8.07% p.a., have a tenure of 1294 days, and are scheduled to mature on 25 March 2030. The debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.
- · ISIN for the fresh issue: INE296A07UF0
- · Date of allotment: 8 September 2026
- · Date of maturity: 25 March 2030
- · Tenure: 1294 days
- · First coupon payment on 25 March 2027, then annually thereafter
- · Coupon payment schedule: 25-03-2027, 25-03-2028, 25-03-2029, 25-03-2030
- · Security: first pari-passu charge on book debts/loan receivables, with security cover of 1.00 time the aggregate outstanding value of debentures
- · Debentures are redeemable on maturity
- · No delay or default in payment of interest/principal reported
- · Meeting of Debenture Allotment Committee commenced at 15:00 hrs and concluded at 15:15 hrs
08-09-2026
Bajaj Finance Limited has allotted 2,05,000 secured redeemable non-convertible debentures (NCDs) at a face value of Rs. 1 Lakh each, aggregating to Rs. 2050.0271 crore, on a private placement basis. The NCDs carry a coupon rate of 8.07% p.a., mature on 25 March 2030, and are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The allotment was approved by the Debenture Allotment Committee on 8 September 2026.
- · ISIN for the fresh issue: INE296A07UF0
- · Tenure of the instrument: 1294 days
- · Date of allotment: 8 September 2026
- · Date of maturity: 25 March 2030
- · First coupon payment on 25 March 2027 and annually thereafter
- · Security: first pari-passu charge on book debts/loan receivables with security cover of 1.00 times the aggregate outstanding value
- · Debentures are redeemable on maturity
- · Meeting commenced at 15:00 hrs and concluded at 15:15 hrs
08-09-2026
Bajaj Finance Limited has allotted 2,05,000 secured redeemable non-convertible debentures (NCDs) at a face value of Rs. 1 Lakh each, aggregating to Rs. 2050.0271 crore, on a private placement basis. The NCDs carry a coupon of 8.07% p.a., have a tenure of 1294 days (maturing on 25 March 2030), and will be listed on BSE's Wholesale Debt Market segment. The allotment was made on 8 September 2026 by the Debenture Allotment Committee.
- · Tenure of the instrument is 1294 days, with allotment on 8 September 2026 and maturity on 25 March 2030.
- · Coupon payment is scheduled annually, with the first payment on 25 March 2027.
- · The debentures are secured by a first pari-passu charge on book debts/loan receivables, with a security cover of 1.00 times the aggregate outstanding value.
- · No delays or defaults in interest/principal payments reported.
- · The Debenture Allotment Committee meeting started at 15:00 hrs and concluded at 15:15 hrs.
08-09-2026
Bajaj Finance Limited has allotted 2,05,000 secured redeemable non-convertible debentures (NCDs) at a face value of Rs. 1 Lakh each, aggregating to Rs. 2050.0271 crore, on a private placement basis. The NCDs carry a coupon rate of 8.07% p.a., mature on 25 March 2030, and are secured by a first pari-passu charge on book debts/loan receivables with a security cover of 1.00 times the outstanding value. The debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.
- · The NCDs have a tenure of 1294 days, with allotment on 8 September 2026 and maturity on 25 March 2030.
- · Coupon payment is annual, with first payment on 25 March 2027 and subsequent payments on 25 March 2028, 25 March 2029, and 25 March 2030.
- · The Debenture Allotment Committee meeting commenced at 15:00 hrs and concluded at 15:15 hrs on 8 September 2026.
- · The ISIN for the fresh issue is INE296A07UF0.
- · No special rights/privileges, no delay/default in payment, and no letters/comments regarding payment or security were reported.
08-09-2026
Bajaj Finance Limited has allotted 2,05,000 secured redeemable non-convertible debentures (NCDs) at a face value of Rs. 1 Lakh each, aggregating to Rs. 2050.0271 crore, on a private placement basis. The NCDs carry a coupon rate of 8.07% p.a., mature on 25 March 2030, and are proposed to be listed on the BSE Wholesale Debt Market segment. The allotment was approved by the Debenture Allotment Committee on 8 September 2026.
- · The NCDs have a tenure of 1294 days, from allotment date 8 September 2026 to maturity on 25 March 2030.
- · Coupon payment is annual, with first payment on 25 March 2027 and subsequent payments on 25 March 2028, 25 March 2029, and 25 March 2030.
- · The debentures are secured by a first pari-passu charge on book debts/loan receivables, with a security cover of 1.00 times the aggregate outstanding value.
- · The Debenture Allotment Committee meeting started at 15:00 hrs and concluded at 15:15 hrs on 8 September 2026.
- · ISIN for the fresh issue: INE296A07UF0.
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