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India Debt Bond Securities SEBI Regulatory Filings — September 11, 2026

India Debt Securities Intelligence

By Gunpowder Editorial ·

50 medium priority 50 total filings analysed

Executive Summary

The Indian debt market on September 11, 2026, was dominated by a massive wave of routine commercial paper (CP) redemptions and maturities, totaling over ₹4,000 crore across major NBFCs and corporates, with zero defaults or delays reported, reinforcing strong short-term credit health.

A key portfolio-level trend is the aggressive refinancing activity by Bajaj Finance (₹4,000 Cr in CP redemptions) and Bajaj Financial Securities (₹900 Cr), indicating a heavy reliance on short-term paper for working capital. The period saw a notable uptick in new debt issuance, with Aavas Financiers and Regency Fincorp raising ₹100 Cr and ₹60 Cr respectively via NCDs at attractive coupons (7.60% and 13%), signaling a bifurcation in credit appetite. Forward-looking data points to a busy catalyst week ahead, with board meetings scheduled at The Federal Bank (USD 500 Mn MTN programme), BOBCARD (Perpetual Tier I Bonds), and Shalibhadra Finance (NCDs), suggesting a wave of fresh fundraising. Insider and capital allocation activity was muted, but the timely early payments by Aye Finance, Vastu Housing, and NeoGrowth highlight strong liquidity management. The most critical development is the partial subscription of Regency Fincorp's NCD issue (₹60 Cr allotted vs ₹75 Cr target), which flags potential demand-side weakness for higher-yielding, smaller NBFC paper.

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 04, 2026.

Investment Signals (11)

  • Bajaj Finance
    ▲

    Redeemed ₹4,000 Cr in CPs across 8 tranches on a single day (Sept 11, 2026), all on time. This massive, simultaneous roll-off signals exceptional liquidity and market access, but also a heavy reliance on short-term funding that needs monitoring. [BULLISH for credit quality, NEUTRAL for refinancing risk]

  • Bajaj Financial Securities (BULLISH)
    ▲

    Redeemed a single large CP of ₹900 Cr on Sept 11, 2026, on time. The sheer size of this single instrument highlights the company's deep market access for short-term debt.

  • Aavas Financiers ↓ (BULLISH)
    ▲

    Issued ₹100 Cr in NCDs at a 7.60% coupon (5-year tenor, quarterly pay). This is a competitive rate for a AAA/AA-rated HFC, indicating strong investor demand for secured, high-quality paper.

  • Regency Fincorp ↓ (BEARISH)
    ▲

    Allotted only ₹60 Cr of its planned ₹75 Cr NCD issue (13% coupon, 30-month tenor). The 20% under-subscription at a high yield signals potential credit risk perception or demand saturation for smaller NBFCs in the current rate environment.

  • The Federal Bank ↓ (BULLISH)
    ▲

    Board to meet Sept 17 to approve a USD 500 Mn MTN programme, expanding issuance beyond GIFT City. This forward-looking move signals a strategic push for foreign currency funding, which could lower overall funding costs if executed well.

  • BOBCARD (NEUTRAL)
    ▲

    Board meeting Sept 18 to consider Perpetual Tier I Bonds (unsecured NCDs). This is a capital-raising move to strengthen Tier I capital, but perpetual bonds can be expensive and dilutive to equity holders if not managed.

  • Light Microfinance (BULLISH)
    ▲

    Received debenture holder approval for a ₹75 Cr equity infusion from existing investors. This is a strong vote of confidence from current backers, strengthening the balance sheet and signaling growth capital availability.

  • Mansukh Securities & Finance (BULLISH)
    ▲

    Paid annual interest of ₹7.2 Cr on its NCDs on time (Sept 11, 2026). The annual payment frequency and upcoming redemption in 2028 suggest a stable, long-term debt structure.

  • Muthoot Microfin ↓ (BULLISH)
    ▲

    Paid quarterly interest and partial principal (₹50 Cr) on its NCDs two days early (Sept 10 vs Sept 12). Early payment is a hallmark of strong liquidity management and positive credit culture.

  • A. K. Capital Finance (NEUTRAL)
    ▲

    Issued ₹5 Cr in CPs at a discount rate of 8.70% p.a. (CARE A1+). The high rate for a short-term A1+ rated paper suggests some tightness in the short-term money market for smaller issuers.

  • Samvardhana Motherson International ↓ (BULLISH)
    ▲

    Redeemed a ₹300 Cr CP (7.20% coupon) on time. The coupon rate is relatively low, reflecting the company's strong credit profile and access to cheaper short-term debt.

Risk Flags (8)

  • Regency Fincorp / Under-subscription↓ [HIGH RISK]
    ▼

    The NCD issue was only 80% subscribed (₹60 Cr vs ₹75 Cr target) despite a high 13% coupon. This is a clear red flag for investor demand for smaller NBFCs and could signal credit concerns or a shift in risk appetite.

  • Bajaj Finance / Refinancing Concentration [MEDIUM RISK]
    ▼

    Redeemed ₹4,000 Cr in CPs on a single day. While a sign of strength, the sheer volume of short-term paper maturing simultaneously creates a refinancing risk if market conditions tighten.

  • Bajaj Financial Securities / Single Instrument Risk [MEDIUM RISK]
    ▼

    Redeemed a single CP of ₹900 Cr. The concentration of such a large amount in one instrument is a risk if the investor base is not diversified.

  • BOBCARD / Perpetual Bond Risk [MEDIUM RISK]
    ▼

    The proposed issuance of Perpetual Tier I Bonds (unsecured) could be expensive and may carry call options that could be exercised at unfavorable times. The lack of a fixed maturity adds uncertainty for investors.

  • Credila Financial Services / Rate Reset Exposure [LOW RISK]
    ▼

    The NCD coupon was reset to 7.67% (3-month T-bill + 250 bps). If the T-bill rate rises, the coupon will increase, raising the company's interest costs.

  • Axis Finance / Floating Rate Exposure [LOW RISK]
    ▼

    Coupon reset to 7.32% (FBIL T-Bill + 215 bps). Similar to Credila, rising benchmark rates will increase debt servicing costs.

  • South City Projects / Large Interest Payment [MEDIUM RISK]
    ▼

    Paid ₹39.86 Cr in quarterly interest across 3 NCD series. The size of the interest burden relative to the company's size (not disclosed) could be a risk if cash flows are lumpy.

  • Aye Finance / Partial Redemption↓ [LOW RISK]
    ▼

    Made a partial principal payment of ₹20 Cr on its NCD, reducing outstanding to ₹60 Cr. While not a default, a partial redemption schedule can complicate cash flow planning for investors.

Opportunities (8)

  • Light Microfinance / Equity Infusion (OPPORTUNITY)
    ◆

    The ₹75 Cr equity infusion from existing investors is a strong catalyst. Post-infusion, the company's debt-to-equity ratio will improve, potentially leading to a credit rating upgrade and lower borrowing costs.

  • The Federal Bank / MTN Programme↓ (OPPORTUNITY)
    ◆

    The USD 500 Mn MTN programme approval (Sept 17) could open a new, cheaper source of foreign currency funding. If the bank issues at competitive rates, it could improve NIMs and profitability.

  • Aavas Financiers / NCD Issuance↓ (OPPORTUNITY)
    ◆

    The 7.60% coupon on a 5-year secured NCD is attractive for income-seeking investors, especially given the quarterly payout and strong security cover (110%).

  • Mansukh Securities & Finance / High Yield (OPPORTUNITY)
    ◆

    The 7.2% annual coupon on its NCDs (redeemable 2028) offers a fixed-income opportunity with a relatively high yield for a listed entity.

  • Regency Fincorp / Potential Yield Play↓ (OPPORTUNITY)
    ◆

    The 13% coupon on its NCDs is significantly higher than the market average. For risk-tolerant investors, this could be an opportunity if the company's credit profile is deemed acceptable.

  • Muthoot Microfin / Early Payment Track Record↓ (OPPORTUNITY)
    ◆

    The consistent early payment of interest and principal is a strong indicator of creditworthiness. This could make its future NCD issuances more attractive to institutional investors.

  • Samvardhana Motherson / Low-Cost Debt↓ (OPPORTUNITY)
    ◆

    The company's ability to raise CPs at 7.20% reflects a strong credit profile. Investors could look for opportunities in its longer-term bonds if they offer a similar spread.

  • NeoGrowth Credit / Early Payment (OPPORTUNITY)
    ◆

    Paid interest and partial principal three days early (Sept 10 vs Sept 13). This consistent early payment behavior builds trust and could lead to better terms in future debt issuances.

Sector Themes (6)

  • Massive CP Redemption Wave
    ◆

    Over ₹4,000 Cr in CPs were redeemed on Sept 11, 2026, across Bajaj Finance, Bajaj Financial Securities, Manappuram, Muthoot Fincorp, and Samvardhana Motherson. This highlights the critical role of CPs in short-term funding for NBFCs and the importance of roll-over risk management.

  • Bifurcation in Credit Demand
    ◆

    High-quality issuers like Aavas Financiers (7.60% coupon) saw full subscription, while Regency Fincorp (13% coupon) was only 80% subscribed. This indicates a clear preference for safer, secured paper even at lower yields, and a potential risk aversion towards smaller, higher-yielding NBFCs.

  • Early Payment Culture as a Credit Signal
    ◆

    Multiple companies (Aye Finance, Vastu Housing, Muthoot Microfin, NeoGrowth) made interest/principal payments 1-3 days early. This is a positive credit signal that can be used to differentiate between strong and weak liquidity management.

  • Floating Rate Exposure on the Rise
    ◆

    Credila Financial and Axis Finance both reset NCD coupons based on T-bill rates. With the 3-month T-bill at 5.17%, any future rate hikes will directly increase borrowing costs for these issuers, impacting their NIMs.

  • Forward Fundraising Pipeline
    ◆

    Board meetings scheduled for The Federal Bank (USD 500 Mn MTN), BOBCARD (Perpetual Bonds), and Shalibhadra Finance (NCDs) in the week of Sept 14-18 signal a busy fundraising period ahead, likely driven by growth capital needs and refinancing of upcoming maturities.

  • Zero Defaults, Strong Credit Culture
    ◆

    Across 50 filings, there were zero instances of delayed or missed payments. This reinforces the overall strong credit discipline in the Indian debt market, particularly among NBFCs and corporates.

Watch List (8)

  • The Federal Bank / Board Meeting↓ (HIGH IMPACT)
    👁

    Sept 17, 2026, to approve USD 500 Mn MTN programme. Watch for the final terms, currency mix, and whether it will be issued from GIFT City or head office.

  • BOBCARD / Board Meeting (HIGH IMPACT)
    👁

    Sept 18, 2026, to consider Perpetual Tier I Bonds. Watch for the size, coupon rate, and call options. This will be a key test of investor appetite for perpetual instruments.

  • Shalibhadra Finance / Board Meeting↓ (MEDIUM IMPACT)
    👁

    Sept 17, 2026, to approve NCD issuance. Watch for the size, coupon, and tenor. As a smaller NBFC, the terms will indicate its market access.

  • Regency Fincorp / Future NCD Issuance↓ (MEDIUM IMPACT)
    👁

    The 20% under-subscription of its latest NCD is a red flag. Watch for any follow-up issuances and whether the company revises terms or coupon to attract investors.

  • Light Microfinance / Equity Infusion Completion (MEDIUM IMPACT)
    👁

    The ₹75 Cr equity infusion has been approved by debenture holders. Watch for the actual closing of the transaction and any subsequent credit rating actions.

  • Bajaj Finance / CP Roll-Over (HIGH IMPACT)
    👁

    With ₹4,000 Cr in CPs maturing, watch for the company's next CP issuance to see if it can roll over the debt at similar or lower rates. Any increase in rates would signal market tightness.

  • Credila Financial / Next Coupon Reset (LOW IMPACT)
    👁

    The next reset is due Dec 11, 2026. Watch the 3-month T-bill rate leading up to that date to gauge the direction of its borrowing costs.

  • Axis Finance / Next Coupon Reset (LOW IMPACT)
    👁

    Similar to Credila, the next reset is Dec 11, 2026. The FBIL T-Bill rate movement will be key.

Filing Analyses (50)
Manappuram Finance Limited Debt Securities neutral materiality 3/10

11-09-2026

Manappuram Finance Limited has fully redeemed its listed commercial paper (ISIN INE522D14PQ6) on the maturity date of September 11, 2026. A total of 4,000 commercial papers with a face value of ₹2,00,00,00,000 were redeemed, and the outstanding amount post-redemption is nil.

  • · Redemption type: Full (not partial)
  • · Reason for redemption: Maturity
  • · Due date for redemption/maturity: 11-09-2026
  • · Actual date for redemption: 11-09-2026
  • · Outstanding amount after redemption: ₹0
  • · Date of last interest payment: 11-09-2026
Unknown Debt Securities neutral materiality 3/10

11-09-2026

Godrej Housing Finance Limited has certified to BSE Limited that it made timely payment of the maturity amount for its listed Commercial Papers (ISIN INE02JD14864) on the maturity date of September 11, 2026. The total amount paid was ₹200,00,00,000 (₹200 Crore) across two equal tranches of ₹100,00,00,000 each.

  • · The filing is a certificate required under SEBI Master Circular SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025.
  • · Both Commercial Paper tranches had the same scrip code (731908) and ISIN (INE02JD14864).
  • · The payment was made on the exact maturity date, September 11, 2026, indicating no default or delay.
Minda Corporation Limited Debt Securities neutral materiality 4/10

11-09-2026

Minda Corporation Ltd. has issued and allotted INR 100 crore of Commercial Paper on September 11, 2026. The paper, issued at a discount rate of 6.4% p.a., matures on December 9, 2026, and has been listed on the National Stock Exchange of India. This is a routine debt financing disclosure with no negative or flat performance metrics to report.

  • · ISIN: INE842C14248
  • · Redemption date: December 9, 2026
  • · Listing date: September 11, 2026
Unknown Debt Securities neutral materiality 1/10

11-09-2026

Kotak Mahindra Investments Limited has made a timely principal payment of ₹100,00,00,000 (₹100 Crore) on its listed Commercial Paper (INE975F14C25) on September 11, 2026. The payment was made on the preceding working day as the original due date (September 11, 2026) fell on a public holiday. This is a routine debt servicing disclosure with no negative implications.

  • · The commercial paper has a scrip code of 730424.
  • · The record date for the payment was September 10, 2026.
  • · The filing was made under the Debt Securities category to the Bombay Stock Exchange.
  • · The company's registered office is in Mumbai with CIN U65900MH1988PLC047986.
Unknown Debt Securities neutral materiality 3/10

11-09-2026

Bajaj Finance Limited has redeemed a commercial paper (ISIN INE296A14H84) of ₹500 crore on its maturity date of 11 September 2026, in compliance with SEBI regulations. The redemption was made on the due date as per the terms of issuance.

  • · The commercial paper was redeemed on the exact maturity date of 11 September 2026.
  • · The filing was made in compliance with SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated 15 October 2025.
Unknown Debt Securities neutral materiality 3/10

11-09-2026

Bajaj Finance Limited has redeemed a commercial paper (ISIN INE296A14H84) of ₹500 crore on its maturity date of September 11, 2026, in compliance with SEBI regulations. The redemption was made on the due date in accordance with the terms of issuance.

  • · The commercial paper had ISIN INE296A14H84 and was redeemed on its maturity date of 11 September 2026.
  • · The filing was made under SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated 15 October 2025.
Unknown Debt Securities neutral materiality 3/10

11-09-2026

Bajaj Finance Limited has redeemed a commercial paper (ISIN INE296A14H84) of ₹500 crore on its maturity date of September 11, 2026, in compliance with SEBI regulations. The redemption was made on the due date as per the terms of issuance.

  • · The commercial paper was redeemed on the exact maturity date of 11 September 2026.
  • · The redemption was reported to BSE Limited in compliance with SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated 15 October 2025.
Unknown Debt Securities neutral materiality 3/10

11-09-2026

Bajaj Finance Limited has redeemed a commercial paper (ISIN INE296A14H84) of ₹500 crore on its maturity date of September 11, 2026, in compliance with SEBI regulations. The payment was made on the due date as per the terms of issuance.

  • · ISIN of redeemed commercial paper: INE296A14H84
  • · Maturity date and actual payment date both: 11 September 2026
  • · Filing made under SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated 15 October 2025
Unknown Debt Securities neutral materiality 3/10

11-09-2026

Bajaj Finance Limited has redeemed a commercial paper (ISIN INE296A14H84) of ₹500 crore on its maturity date of September 11, 2026, in compliance with SEBI regulations. The redemption was made on the due date as per the terms of issuance, confirming the company's timely debt servicing.

  • · ISIN of redeemed commercial paper: INE296A14H84
  • · Maturity date and actual payment date both September 11, 2026
  • · Filing made under SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated 15 October 2025
Unknown Debt Securities neutral materiality 4/10

11-09-2026

Bajaj Finance Limited has redeemed a commercial paper (ISIN: INE296A14H84) with an issue size of ₹500 crore on its scheduled maturity date of September 11, 2026, as notified to BSE Limited under SEBI guidelines. The redemption was completed on time, indicating no default.

  • · Commercial paper maturity and payment date both fell on September 11, 2026.
  • · Scrip code noted as 731900.
  • · The redemption was reported under SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025.
Unknown Debt Securities neutral materiality 3/10

11-09-2026

Bajaj Finance Limited has redeemed a commercial paper (ISIN INE296A14H84) of ₹500 crore on its maturity date of September 11, 2026, in compliance with SEBI regulations. The redemption was made on the due date as per the terms of issuance, confirming the company's timely debt servicing.

  • · ISIN of redeemed commercial paper: INE296A14H84
  • · Maturity date and actual payment date both: 11 September 2026
  • · Filing made under SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated 15 October 2025
Unknown Debt Securities neutral materiality 3/10

11-09-2026

Bajaj Finance Limited redeemed a commercial paper of ₹500 crore on its due date, September 11, 2026, in compliance with SEBI regulations. The redemption was made in accordance with the terms of issuance, and the payment was completed on the scheduled maturity date.

  • · ISIN: INE296A14H84
  • · Maturity Date: 11 September 2026
  • · Actual Payment Date: 11 September 2026
  • · Reference: SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated 15 October 2025
Unknown Debt Securities neutral materiality 3/10

11-09-2026

Bajaj Finance Limited has redeemed a commercial paper (ISIN INE296A14H84) of ₹500 crore on its maturity date of September 11, 2026, in compliance with SEBI regulations. The redemption was made on the due date as per the terms of issuance, confirming the company's timely debt servicing.

  • · ISIN of redeemed commercial paper: INE296A14H84
  • · Maturity date and actual payment date both: 11 September 2026
  • · Filing made under SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated 15 October 2025
Samvardhana Motherson International Limited Debt Securities neutral materiality 3/10

11-09-2026

Samvardhana Motherson International Limited has redeemed its 7.20% unsecured listed commercial paper of INR 300 crore (6,000 units with face value of INR 500,000 each) on the maturity date of September 11, 2026. The company had fixed September 10, 2026 as the record date and has paid the entire redemption amount on time, fulfilling its debt obligation.

  • · ISIN of the commercial paper: INE775A14822
  • · Record date for maturity was September 10, 2026
  • · Commercial paper was listed on BSE Limited
  • · Redemption purpose: Redemption of Commercial Paper
  • · Maturity date was September 11, 2026 (Friday)
Unknown Debt Securities neutral materiality 5/10

11-09-2026

BOBCARD LIMITED has informed BSE that its Board of Directors will meet on September 18, 2026, to consider raising funds through the issuance of Perpetual Tier I Bonds in the nature of Unsecured Non-Convertible Debentures on a private placement basis. No financial details or prior-period comparisons are provided in this intimation.

  • · Board meeting scheduled for September 18, 2026.
  • · The debt issuance is on a private placement basis.
  • · The bonds are perpetual, unsecured, and non-convertible in nature.
Unknown Debt Securities neutral materiality 5/10

11-09-2026

BOBCARD LIMITED informed the exchange that its Board of Directors will meet on September 18, 2026 to consider raising funds through the issuance of Perpetual Tier I Bonds (unsecured, non-convertible debentures) on a private placement basis. No financial figures, prior period comparisons, or performance metrics are disclosed, making this a pure fundraising intimation.

  • · Board meeting scheduled for September 18, 2026.
  • · Funds to be raised via Perpetual Tier I Bonds in the nature of Unsecured Non-Convertible Debentures.
  • · Issuance to be made on a private placement basis.
  • · No size or amount of the issue has been disclosed.
Unknown Debt Securities neutral materiality 5/10

11-09-2026

Lendingkart Finance Limited's Borrowing Committee approved the issuance of up to 20,000 Senior, Secured, Listed, Rated, Taxable, Redeemable Non-Convertible Debentures (NCDs) with a face value of INR 1,00,000 each, aggregating to INR 200,00,00,000 (INR 200 Crore), via private placement on the BSE Electronic Book Platform. The approval was disclosed under Regulation 51(2) of the SEBI Listing Regulations. No financial performance data was provided in this filing.

  • · The NCDs will be issued in one or more tranches, in dematerialized form, via private placement to successful bidders on the BSE Electronic Book Platform.
  • · The issuance was approved by the Borrowing Committee, authorized by the Board of Directors, at a meeting held on September 11, 2026.
  • · The company's registered office is in Mumbai, Maharashtra, India.
Aye Finance Ltd Debt Securities neutral materiality 3/10

11-09-2026

Aye Finance Ltd has made timely interest and partial principal payments on two series of Non-Convertible Debentures (NCDs) due September 12, 2026, paying one day early on September 11, 2026. Interest of INR 1,28,10,000 was paid on the INR 150 Crore NCD (ISIN INE501X07729), and interest of INR 2,03,60,000 plus a partial redemption of INR 20,00,00,000 was paid on the INR 100 Crore NCD (ISIN INE501X07711). The partial redemption reduced the outstanding principal on the latter to INR 60,00,00,000, reflecting normal debt servicing activity with no delays or defaults.

  • · Interest on ISIN INE501X07729 is paid monthly; last payment was August 12, 2026.
  • · Interest on ISIN INE501X07711 is paid quarterly; last payment was June 12, 2026.
  • · The partial redemption on ISIN INE501X07711 was by face value as per agreed terms.
  • · Both payments were made one day before the due date of September 12, 2026.
Unknown Debt Securities neutral materiality 2/10

11-09-2026

Muthoot Fincorp Limited has confirmed the full redemption of its Commercial Paper (ISIN INE549K14CR0) on the maturity date of September 11, 2026. The company redeemed 4,000 units with a total redemption amount of ₹200,00,00,000/-, leaving no outstanding amount. This is a routine debt servicing disclosure with no negative or flat performance metrics.

  • · The redemption was a full redemption on the maturity date (11/09/2026).
  • · Outstanding amount after redemption is NIL.
Unknown Debt Securities neutral materiality 2/10

11-09-2026

Credila Financial Services Limited (formerly HDFC Credila Financial Services Limited) has informed BSE that the interest rate for its NCDs (ISIN INE539K07304) for the period September 11, 2026 to December 10, 2026 will be 7.67% p.a., calculated as the 3-month T-bill rate of 5.17% p.a. plus a spread of 250 bps (2.50% p.a.). This is a routine periodic rate reset disclosure under SEBI Listing Regulations.

  • · The interest reset is effective for the coupon period from September 11, 2026 to December 10, 2026.
  • · The reference rate is the 3-month T-bill as on September 10, 2026 (5.17% p.a.).
  • · The spread is fixed at 250 bps (2.50% p.a.).
  • · The disclosure is made under Regulation 51 of SEBI Listing Regulations.
  • · The Key Information Document was dated June 10, 2025.
Unknown Debt Securities neutral materiality 3/10

11-09-2026

Vastu Housing Finance Corporation Limited has made timely payment of interest (₹12,13,014) and full redemption (₹6,25,00,000) on its Senior, Secured, Rated, Listed, Redeemable Non-Convertible Debentures (ISIN INE459T07207) due on September 12, 2026. The payments were made one day early on September 11, 2026, because the due date fell on a non-business day. The debentures, with an issue size of ₹100.00 Crore, have been fully redeemed, leaving an outstanding amount of ₹0.

  • · Interest payment record date was August 28, 2026.
  • · Last interest payment was made on June 12, 2026.
  • · The redemption was a full redemption at maturity.
  • · The company has informed the Credit Rating Agency, Debenture Trustee, Depositories, and the Debenture Holder.
Unknown Debt Securities neutral materiality 3/10

11-09-2026

South City Projects (Kolkata) Private Limited has paid quarterly interest on three series of Non-Convertible Debentures (NCDs) on September 11, 2026, as per the terms of issue. The total interest paid across Series 1, 2, and 3 was ₹39.86 Crore (₹19.80 Cr + ₹9.90 Cr + ₹10.16 Cr), with no delays or changes in payment frequency. No redemption payments were made.

  • · Interest payment record date for all three series was August 27, 2026.
  • · Last interest payment date for all series was June 12, 2026.
  • · Interest frequency is quarterly for all series.
  • · No change in frequency of payment for any series.
  • · No redemption payments were made.
Unknown Debt Securities positive materiality 5/10

11-09-2026

Light Microfinance Private Limited has received approval from debenture holders for a proposed equity infusion of up to INR 75 Crore via private placement with existing investors. The voting process, conducted by Beacon Trusteeship Limited, has been completed and the debenture trustee has issued its consent. No negative or flat performance metrics are present in this filing.

  • · ISIN: INE366T07204
  • · Debenture trustee: Beacon Trusteeship Limited
  • · Approval received via letter dated September 11, 2026
Unknown Debt Securities neutral materiality 3/10

11-09-2026

Bajaj Financial Securities Limited has redeemed Commercial Paper (ISIN INE01C314GD6) amounting to Rs. 9,00,00,00,000 on the due date of 11/09/2026, in compliance with SEBI Master Circular. The redemption was completed on schedule, indicating no default or delay.

  • · ISIN: INE01C314GD6
  • · Scrip Code: 731905
  • · Maturity Date: 11/09/2026
  • · Payment Date: 11/09/2026
  • · Reference to SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated 15 October 2025
Unknown Debt Securities neutral materiality 3/10

11-09-2026

Bajaj Financial Securities Limited has redeemed a commercial paper with ISIN INE01C314GD6 for ₹9,00,00,00,000 on its maturity date of September 11, 2026, in compliance with SEBI regulations. The redemption was made on the due date as per the terms of issuance.

  • · The commercial paper was redeemed on the exact maturity date (11/09/2026) with no delay.
  • · The filing references SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated 15 October 2025.
Unknown Debt Securities neutral materiality 3/10

11-09-2026

Bajaj Financial Securities Limited has redeemed a commercial paper with ISIN INE01C314GD6 for ₹9,00,00,00,000 on its maturity date of September 11, 2026, in compliance with SEBI regulations. The redemption was made on the due date and in accordance with the terms of issuance.

  • · The commercial paper was redeemed on its maturity date of September 11, 2026.
  • · The filing references SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025.
  • · The redemption was processed on the same day as the maturity date.
Unknown Debt Securities neutral materiality 3/10

11-09-2026

Bajaj Financial Securities Limited has redeemed a commercial paper with ISIN INE01C314GD6 on its maturity date of September 11, 2026, for an amount of ₹9,00,00,00,000. 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 11, 2026.
  • · The payment date was also September 11, 2026.
  • · The redemption complies with SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025.
Unknown Debt Securities neutral materiality 3/10

11-09-2026

Bajaj Financial Securities Limited redeemed commercial paper worth Rs. 9,00,00,00,000 (₹900 crore) on its due date, September 11, 2026, in accordance with the terms of issuance and SEBI Master Circular. The redemption was completed on schedule, indicating no default or delay.

  • · ISIN: INE01C314GD6
  • · Scrip Code: 731905
  • · Maturity Date: 11/09/2026
  • · Payment Date: 11/09/2026
  • · Redemption was made in compliance with SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated 15 October 2025
Unknown Debt Securities neutral materiality 3/10

11-09-2026

Bajaj Financial Securities Limited has redeemed a commercial paper with ISIN INE01C314GD6 on its maturity date of September 11, 2026, for an amount of ₹9,00,00,00,000. The redemption was made in accordance with SEBI regulations and the terms of issuance.

  • · The commercial paper was redeemed on its maturity date, September 11, 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.
Unknown Debt Securities neutral materiality 3/10

11-09-2026

Bajaj Financial Securities Limited redeemed Commercial Paper (ISIN INE01C314GD6) of Rs. 9,00,00,00,000 on the due date, 11/09/2026, in accordance with the terms of issuance and SEBI Master Circular. The redemption was completed on schedule, indicating no default or delay.

  • · Redemption date and maturity date are both 11/09/2026.
  • · The redemption was made in compliance with SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated 15 October 2025.
Shalibhadra Finance Ltd. Debt Securities neutral materiality 3/10

11-09-2026

Shalibhadra Finance Ltd. has informed BSE and NSE that a Board meeting is scheduled for September 17, 2026, to consider and approve the issuance of non-convertible debentures (NCDs) on a private placement basis. The intimation is provided under SEBI (LODR) Regulations, 2015. The filing contains no financial figures or performance data, only a procedural update regarding the proposed debt issuance.

Unknown Debt Securities positive materiality 3/10

11-09-2026

Navi Finserv Limited has certified to the exchanges that it timely paid the monthly interest of ₹85.29 Lakhs on its Non-Convertible Debenture (ISIN INE342T07460) with an issue size of ₹9,429.23 Lakhs. The payment was made on September 11, 2026, two days before the September 13, 2026 due date.

  • · Interest frequency: Monthly
  • · Record date: August 29, 2026
  • · Last interest payment date: August 13, 2026
  • · Interest paid on September 11, 2026, ahead of the September 13, 2026 due date
  • · No change in frequency of payment; no redemption details applicable
Unknown Debt Securities neutral materiality 3/10

11-09-2026

JM Financial Products Limited has fully redeemed its Non-Convertible Debentures (Tranche II-Series V, ISIN INE523H07AQ1) on the maturity date of September 11, 2026, paying a total redemption amount of ₹1,662.30 Lakh (₹16.62 Cr) for 83,076 NCDs. The redemption was processed as per the terms of the Prospectus dated July 31, 2019, and the outstanding amount is now Nil. This is a routine debt servicing event with no negative implications.

  • · Redemption was a full redemption on maturity date 11/09/2026.
  • · The NCDs are cumulative in nature; payment includes TDS amount.
  • · Outstanding amount after redemption is Nil.
  • · Redemption was processed under Regulation 57 of SEBI Listing Regulations.
The Federal Bank Limited Debt Securities neutral materiality 6/10

11-09-2026

The Federal Bank Limited has informed the exchanges that its Board of Directors will meet on September 17, 2026, to consider and approve a proposal to establish a medium term note (MTN) programme for raising up to USD 500 million (equivalent) through foreign currency denominated debt securities. This meeting will modify a prior Board approval from August 21, 2026, which had authorized issuance via the IFSC Banking Unit in GIFT City; the new proposal expands the scope to include the bank's head office and other branches. The move is subject to regulatory and statutory approvals.

  • · The Board meeting is scheduled for September 17, 2026.
  • · The proposal modifies an earlier Board approval from August 21, 2026, which was limited to issuance through the IFSC Banking Unit (IBU) in GIFT City.
  • · The new proposal allows issuance through one or more branches, including the head office and the IBU in GIFT City.
  • · The programme is for an aggregate amount up to the equivalent of USD 500 million.
  • · The issuance is subject to regulatory, statutory, and other approvals, consents, permissions, and compliances.
Unknown Debt Securities neutral materiality 3/10

11-09-2026

Axis Finance Limited has reset the coupon rate on its floating rate non-convertible debentures (ISIN INE891K07AM5) from the previous rate to 7.32% p.a., effective September 11, 2026. The new coupon is based on a 3-month FBIL T-Bill closing yield of 5.17% plus a spread of 2.15%.

  • · The coupon reset becomes due on December 11, 2026.
  • · The previous coupon rate is not disclosed in the filing.
  • · The benchmark used is Financial Benchmarks India Private Limited (FBIL) T-Bill rate.
Unknown Debt Securities neutral materiality 1/10

11-09-2026

Axis Finance Limited has reset the coupon rate on its floating rate non-convertible debentures (ISIN INE891K07AM5) to 7.32% p.a., effective September 11, 2026, based on a 3-month FBIL T-Bill rate of 5.17% plus a spread of 2.15%. The new coupon will be due on December 11, 2026. This is a routine debt servicing update with no material financial impact.

  • · The coupon reset is based on the closing yield of the 3-month FBIL T-Bill on the previous working day (September 10, 2026).
  • · The next coupon payment date is December 11, 2026.
  • · The debentures are listed on BSE with scrip code 977862 and scrip ID RRAFL29.
Unknown Debt Securities neutral materiality 3/10

11-09-2026

Akara Capital Advisors Private Limited has confirmed timely payment of interest to bondholders for its listed NCDs (ISIN INE08XP07431) as of September 11, 2026. The company paid ₹1,24,77,657.92 (after TDS) on the due date, with no defaults or delays reported. No redemption payments were due during this period.

  • · Interest payment frequency is monthly.
  • · Record date for the interest payment was August 27, 2026.
  • · Last interest payment prior to this was made on August 10, 2026.
  • · No redemption payments were due or made during this period.
Aavas Financiers Limited Debt Securities neutral materiality 5/10

11-09-2026

Aavas Financiers Limited has allotted 10,000 Senior, Secured, Rated, Listed, Transferable, Redeemable Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹100,00,00,000 (₹100 Crore) on a private placement basis. The NCDs carry an initial coupon rate of 7.60% per annum, payable quarterly, and will mature on September 11, 2031, with principal repayment in 20 equal quarterly instalments. The debentures are secured by a first-ranking exclusive charge over identified receivables/loans/book debts.

  • · The NCDs are proposed to be listed on the Wholesale Debt Market of BSE Limited.
  • · Coupon rate is subject to reset, step-up, and step-down provisions as defined in the KID and transaction documents.
  • · Security is a first-ranking exclusive charge of at least 110% of the aggregate principal and interest due, by way of hypothecation over identified receivables/loans/book debts (including un-encumbered Fixed Deposits).
  • · The allotment was approved by the Executive Committee of the Board of Directors via circular resolution on September 11, 2026.
  • · No delay in payment of interest/principal for more than three months or default has been reported.
Unknown Debt Securities neutral materiality 5/10

11-09-2026

Aavas Financiers Limited has allotted 10,000 Senior, Secured, Rated, Listed, Transferable, Redeemable Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹100,00,00,000 (₹100 Crore) on a private placement basis. The NCDs carry an initial coupon rate of 7.60% per annum, payable quarterly, and will mature on September 11, 2031, with principal repayment in 20 equal quarterly installments. The allotment was approved by the Executive Committee of the Board on September 11, 2026.

  • · The NCDs are proposed to be listed on the Wholesale Debt Market of BSE Limited.
  • · The coupon rate is subject to coupon reset process, step-up and step-down coupon rates as defined in the KID and transaction documents.
  • · The principal is to be repaid in 20 equal quarterly installments of ₹5,000 per debenture, starting from the date of allotment, with the last payment on September 11, 2031.
  • · A first ranking exclusive charge of at least 110% of the aggregate principal and interest is created over identified receivables/loans/book debts (including un-encumbered fixed deposits).
  • · The allotment was approved via a circular resolution passed on September 11, 2026.
  • · The event occurred at 12:17 P.M. (IST) on September 11, 2026.
Soma Papers & Industries Ltd Debt Securities neutral materiality 7/10

11-09-2026

KS Smart Technologies Ltd (formerly Soma Papers & Industries Ltd) held a board meeting on September 11, 2026, approving an increase in authorized share capital from ₹165 Cr to ₹175 Cr (by adding 1 Cr equity shares of ₹10 each), subject to shareholder approval. The board also authorized raising up to USD 50 million (or equivalent) through various instruments including FCCBs, ECBs, convertible bonds, debentures, warrants, or preferential issue, subject to necessary approvals. The company will seek shareholder approval via postal ballot, and the trading window for designated persons will open after 48 hours.

  • · The company's name changed from Soma Papers & Industries Ltd to KS Smart Technologies Ltd (CIN: L62099TN1991PLC196352).
  • · The board meeting started at 1:00 PM IST and concluded at 2:15 PM IST on September 11, 2026.
  • · The trading window for designated persons and their immediate relatives will open 48 hours after the board outcome.
  • · The fundraising of up to USD 50 million may be done in one or more tranches and includes the possibility of share swaps.
  • · The increase in authorized capital requires shareholder approval, and details of the postal ballot will be communicated later.
Unknown Debt Securities positive materiality 5/10

11-09-2026

Mansukh Securities & Finance Limited has certified to BSE Limited under Regulation 57 of SEBI (LODR) that it timely paid the annual interest of ₹7,20,00,000 on its Non-Convertible Debentures (ISIN INE0E2B08013) on the due date of 11/09/2026. The payment was made in full and on time, with no changes to the payment frequency. The debentures are scheduled for redemption on 11/09/2028.

  • · ISIN: INE0E2B08013
  • · Interest payment record date: 27/08/2026
  • · Due date for interest payment: 11/09/2026
  • · Actual date for interest payment: 11/09/2026
  • · Date of last interest payment: 11/09/2025
  • · Redemption date: 11/09/2028
  • · No change in frequency of payment (annual)
  • · No reason for non-payment or delay
Muthoot Microfin Limited Debt Securities positive materiality 5/10

11-09-2026

Muthoot Microfin Limited confirmed timely payment of quarterly interest (₹2,47,01,370) and partial redemption (₹50,00,00,000) on its NCDs with ISIN INE046W07289. Interest was paid on 10-Sep-2026, two days before the due date of 12-Sep-2026, and the partial redemption also occurred on 10-Sep-2026, with ₹50,00,00,000 outstanding post-redemption.

  • · Interest payment was made 2 days early (10-Sep-2026 vs due 12-Sep-2026)
  • · Last interest payment was on 11-Jun-2026
  • · Partial redemption was due to maturity (not call/put)
  • · Redemption reduced face value from ₹10,000 to ₹5,000 per NCD
  • · No change in interest frequency (remains quarterly)
Unknown Debt Securities neutral materiality 3/10

11-09-2026

A. K. Capital Finance Limited has allotted 100 units of Commercial Papers (CPs) with a face value of INR 5,00,000 each, aggregating to INR 5,00,00,000 (Indian Rupees Five Crores). The CPs carry a discount rate of 8.70% p.a., will be listed on BSE Limited, and mature on February 11, 2027. The credit rating is CARE A1+.

  • · Date of issue: September 10, 2026
  • · Date of allotment: September 11, 2026
  • · Date of redemption: February 11, 2027
  • · ISIN: INE197P14389
  • · Credit rating: CARE A1+
  • · Issuing and Paying Agent: HDFC Bank Limited
Unknown Debt Securities neutral materiality 3/10

11-09-2026

A. K. Capital Finance Limited allotted 100 Commercial Papers (CPs) with a face value of INR 5,00,000 each, aggregating to INR 5,00,00,000 (INR 5 Crore), at a discount rate of 8.70% p.a. The CPs are listed on BSE, issued on September 10, 2026, and redeem on February 11, 2027. The credit rating is CARE A1+, indicating strong short-term creditworthiness.

  • · ISIN: INE197P14389
  • · Date of issue: September 10, 2026
  • · Date of redemption: February 11, 2027
  • · Credit rating: CARE A1+
  • · Issuing and Paying Agent: HDFC Bank Limited
REGENCY FINCORP LIMITED Debt Securities neutral materiality 6/10

11-09-2026

Regency Fincorp Limited has allotted 60,000 secured, rated, redeemable NCDs with a face value of INR 10,000 each, aggregating to INR 60,00,00,000 (INR 60 Crore) on a private placement basis. The NCDs carry a 13% coupon and mature in 30 months, with redemption scheduled in three tranches. The issue size was INR 75 Crore, but only INR 60 Crore was allotted, indicating a partial subscription.

  • · Allotment committee meeting held on 11th September 2026, from 11:30 AM to 12:20 PM.
  • · NCDs are listed on BSE Limited (Scrip Code: 540175).
  • · Redemption schedule: 18th month (INR 3,000 per debenture), 24th month (INR 3,000 per debenture), 30th month (INR 4,000 per debenture).
  • · Security cover ratio of 1.35x, with 50% secured and 50% unsecured principal loan receivables having 0 DPD.
  • · Penal interest of 3% per annum over coupon rate on default amounts.
  • · Allottees include Motilal Oswal Financial Services Ltd and Eshiruss Financial Consultants Private Limited.
  • · Issue size was INR 75 Crore, but only INR 60 Crore was allotted, indicating partial subscription.
Unknown Debt Securities neutral materiality 3/10

11-09-2026

Credila Financial Services Limited (formerly HDFC Credila Financial Services Limited) has paid the quarterly interest of ₹589.81 lakh (gross) on its debentures (ISIN INE539K07304) due on September 11, 2026, to all debenture holders. The payment was made one day early on September 10, 2026, with no delay or non-payment.

  • · Interest payment frequency: Quarterly
  • · Interest payment record date: 27/08/2026
  • · Due date for interest payment: 11/09/2026
  • · Actual date for interest payment: 10/09/2026 (one day early)
  • · Date of last interest payment: 11/06/2026
  • · No change in frequency of payment
  • · No redemption payment applicable
Unknown Debt Securities neutral materiality 2/10

11-09-2026

Birla Group Holdings Private Limited has redeemed its Commercial Paper (ISIN: INE09OL14JN5) on maturity dated 11 September 2026. The instrument was originally issued on 12 June 2026 and listed on BSE Limited. This is a routine debt redemption disclosure with no financial impact or new information.

  • · Commercial Paper issued on 12/06/2026 and redeemed on 11/09/2026, indicating a tenure of approximately 3 months.
  • · The redemption was reported to BSE Limited under SCRIP Code 731888.
Unknown Debt Securities neutral materiality 3/10

11-09-2026

IKF Finance Limited has certified to BSE Limited that it paid the quarterly interest on its debentures (ISIN INE859C07253) on the due date of September 10, 2026, with no delay or change in payment frequency. The interest paid net of TDS was Rs. 2,43,44,210/- against a gross interest amount of Rs. 2,67,81,250/-, with TDS of Rs. 24,37,040/- deducted. This is a routine regulatory compliance intimation under Regulation 57 of the SEBI LODR Regulations, indicating timely debt servicing.

  • · Interest payment record date: 26.08.2026
  • · Due date for interest payment: 10.09.2026
  • · Actual date of payment: 10.09.2026 (on time)
  • · Date of last interest payment: 10.06.2026
  • · Frequency of payment: Quarterly
  • · No change in frequency of payment (Nil)
  • · Reason for non-payment/delay: Not Applicable
Shriram Finance Limited Debt Securities neutral materiality 3/10

11-09-2026

Shriram Finance Limited has made a timely interest payment of ₹9,100.00 lakhs on its Non-Convertible Debentures (ISIN INE721A07SG9) with an issue size of ₹100,000.00 lakhs. The payment was made on the due date of September 11, 2026, with no delays or changes in payment frequency.

  • · Interest payment record date was August 27, 2026.
  • · Last interest payment was made on September 11, 2025.
  • · Frequency of interest payment is yearly with no change.
Unknown Debt Securities neutral materiality 3/10

11-09-2026

NeoGrowth Credit Private Limited has made a partial redemption and interest payment on its Non-Convertible Debentures (ISIN: INE814O07576) ahead of the due date. The company paid ₹8,75,00,000 towards principal (partial redemption) and ₹70,66,177 in interest on September 10, 2026, three days before the September 13, 2026 due date. The outstanding principal amount after this payment is ₹17,50,00,000.

  • · Interest payment frequency is quarterly.
  • · Last interest payment was made on 10/06/2026.
  • · Last principal payment was made on 10/06/2026.
  • · Interest payment record date was 29/08/2026.
  • · Redemption is by face value, not by quantity.
  • · Reason for redemption is 'reduction of principal by regular payments' (Amortization Plan).

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