Name: India Debt Bond Securities SEBI Regulatory Filings — May 11, 2026
Creator: Gunpowder
Published: 2026-05-11T15:46:09.953Z
License: https://www.gunpowderalerts.in/terms

17 medium priority 17 total filings analysed

Executive Summary

The 17 filings in India Debt Securities Intelligence reveal a highly active and compliant debt market on May 11, 2026, dominated by timely interest payments (12/17 filings), new issuances totaling over ₹2,500 Crore (NaBFID ₹1,450 Cr CP at 6.55% yield, Poonawalla Fincorp ₹1,000 Cr NCDs at 8.25%), rating reaffirmations, and full redemptions, with all sentiments positive or neutral and no defaults reported.

Period-over-period trends show consistent timely payments QoQ (e.g., record dates April 23-26 aligning with prior cycles), stable credit ratings (e.g., ICRA AA for Birla Corp), and proactive refinancing (Poonawalla calling 12.10% perpetuals). NBFC and infra financiers lead activity, signaling strong liquidity and funding access amid stable macros. Key implications: Reduced default risk portfolio-wide, attractive yields for fixed income investors (avg 8-12% on NCDs vs CPs at 6.55%), but watch high-coupon unrated issuances for credit stress. Portfolio-level pattern: 70% filings from financials/NBFCs underscore sector reliance on debt markets for working capital/lending.

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 May 09, 2026.

Investment Signals (12)

F MEC International Financial Services ↓ (BULLISH)
▲

Allotted ₹5 Cr Series A NCDs at 16% p.a. (18-month tenure, 100% security cover), indicating strong investor demand for high-yield secured debt
Birla Corporation ↓ (BULLISH)
▲

ICRA AA (Stable) rating reaffirmed for NCDs (ISINs INE340A07084/92), stable QoQ vs prior ratings, boosting debt pricing power
Poonawalla Fincorp (Filing 3) (BULLISH)
▲

Exercising call on ₹3 Cr 12.10% perpetual NCDs (record date May 27, redemption June 12), CARE AA+/CRISIL AA+ ratings intact, signaling improved funding costs
Navi Finserv (BULLISH)
▲

Timely ₹520.64 Lakh interest payment on ₹615 Cr NCDs (monthly, due May 11 post Apr 26 record), no QoQ delays vs prior cycles
Ashiana Housing ↓ (BULLISH)
▲

Paid ₹20 Lakh quarterly interest on ₹26.4 Cr Series 8%AHL2042 NCDs (due May 11, contingent on surplus), maintaining compliance QoQ
NaBFID (BULLISH)
▲

Raised ₹1,450 Cr via 29,000 CPs at 6.55% yield (91-day maturity Aug 4, 2026), lowest yield in stream vs avg 9%, listed on BSE
Axis Finance (BULLISH)
▲

Timely ₹169.5 Cr annual interest on ₹2,000 Cr NCDs (due May 11 post Apr 24 record), no frequency changes YoY
Poonawalla Fincorp (Filing 15) (BULLISH)
▲

Allotted ₹1,000 Cr NCDs at 8.25% (731-day tenure to May 11, 2028, secured pari-passu), largest issuance, BSE listing imminent
AU Small Finance Bank ↓ (BULLISH)
▲

Paid ₹44.2 Lakh monthly interest on ₹50 Cr 10.75% NCDs (May 11 post weekend), consistent QoQ payments
Muthoot Mercantile (Filings 11/12) (BULLISH)
▲

Full redemption + interest on ₹5.6 Cr NCDs (both ISINs now Nil outstanding), timely May 11 execution
Paisalo Digital ↓ (BULLISH)
▲

Timely ₹41 Lakh monthly interest on ₹50 Cr NCDs (May 11 post Sunday due date), redemption Sept 10, 2028 intact
Share India Securities ↓ (BULLISH)
▲

Paid ₹50+ Lakh interest on ₹85 Cr NCDs (monthly, May 11), dual series compliance

Risk Flags (8)

F MEC International↓ [MEDIUM RISK]
▼

Unrated ₹5 Cr NCDs at 16% p.a. (highest coupon in stream, 18-mo tenure), hypothecation security but no rating exposes to default risk
Aditya Birla Capital↓ [LOW RISK]
▼

Interest payment delayed 2 days (May 11 vs due May 9 holiday), though compliant, signals minor liquidity tightness vs peers' on-time payments
Satin Creditcare↓ [LOW RISK]
▼

Neutral sentiment on CP utilization certificate (₹25 Cr outstanding to Nov 2026), no growth in CP book QoQ, tied to working capital
Poonawalla Fincorp (Perpetuals) [MEDIUM RISK]
▼

Calling high 12.10% NCDs requires RBI approval, potential delay past June 12 redemption if regulatory hurdles
Ashiana Housing↓ [MEDIUM RISK]
▼

Quarterly interest contingent on 'Distributable Surplus' (last paid Jan 22), exposes to cash flow variability vs unconditional peers
Akara Capital Advisors [LOW RISK]
▼

Early payment (May 8 vs due May 11) on unrated ₹25 Cr bonds masks small size (low materiality 4/10), watch for scaling
Muthoot MCred [LOW RISK]
▼

14 series interest on ₹1,570 Cr paid early, but high volume (₹122 Cr interest) strains liquidity if volumes grow QoQ
Navi Finserv/AU SFB [LOW RISK]
▼

Monthly payers shifted to next working day (weekends/holidays), pattern across 4 filings signals convention reliance

Opportunities (8)

NaBFID CP Issuance (OPPORTUNITY)
◆

₹1,450 Cr at 6.55% yield (maturity Aug 4, 2026), lowest in stream vs 10-16% NCDs, arbitrage for infra debt investors
Poonawalla Fincorp NCD Allotment (OPPORTUNITY)
◆

₹1,000 Cr Series B1 at 8.25% (secured, listed BSE soon, maturity May 2028), refinance play post perpetual call
Birla Corporation Ratings (OPPORTUNITY)
◆

ICRA AA stable on NCDs, potential for tighter spreads vs unrated peers like F MEC (16% yield)
Muthoot Mercantile Redemptions (OPPORTUNITY)
◆

Full ₹5.6 Cr NCD clearance (Nil outstanding), frees balance sheet for cheaper refinancing
Axis Finance Large NCD (OPPORTUNITY)
◆

₹2,000 Cr book with annual interest serviced timely, stable payout for yield hunters at implied ~8.5%
Share India Securities Dual Series (OPPORTUNITY)
◆

₹85 Cr NCDs monthly interest compliant, small-cap broker debt undervalued vs bank peers
AU Small Finance Bank↓ (OPPORTUNITY)
◆

10.75% on ₹50 Cr monthly NCDs, higher yield than NaBFID CP, SFB growth tailwind
Paisalo Digital↓ (OPPORTUNITY)
◆

₹50 Cr NCDs monthly at implied ~9.8%, redemption 2028, digital NBFC turnaround post compliance

Sector Themes (6)

Ubiquitous Timely Payments
◆

14/17 filings (82%) confirm interest payments on due/next business day (e.g., ₹520 Cr+ across Navi/Axis/AU), QoQ consistency signals sector liquidity strength, lowers systemic default risk
NBFC Debt Refinancing Surge
◆

Poonawalla/Muthoot/AU SFB/Paisalo (5/17) show calls/redemptions + new issuances (₹1,000+ Cr), avg coupon drop 12.1% to 8.25% YoY implied, eases funding costs amid RBI norms
High-Yield Unsecured/Secured Mix
◆

CPs at 6.55% (NaBFID) vs NCDs 8-16% (F MEC high end), secured issues (11/17) maintain 100% cover, opportunity in rated vs unrated spread compression
Infra/Fintech Funding Momentum
◆

NaBFID ₹1,450 Cr CP + F MEC/Poonawalla issuances total ₹2,455 Cr new debt, short tenures (91d-2yr), supports lending growth without equity dilution
Stable Ratings Anchor
◆

3/17 reaffirm AA/AA+ (Birla/Poonawalla), no downgrades QoQ, contrasts unrated (F MEC/Ashiana), bolsters portfolio credit quality
Compliance Overload Low Materiality
◆

Avg materiality 5/10, routine certs (Satin/Akara/Muthoot MCred) confirm SEBI adherence, but flags over-reliance on short-term CP/NCD rollovers

Watch List (8)

Poonawalla Fincorp Perpetual Redemption
👁

RBI approval pending for June 12, 2026 redemption, monitor for delays post May 27 record date
NaBFID CP Maturity
👁

₹1,450 Cr due Aug 4, 2026, watch rollover yield vs current 6.55% amid infra capex cycle
F MEC NCD Maturity
👁

₹5 Cr Series A redeems Nov 10, 2027, unrated 16% coupon – track security cover quarterly
Poonawalla New NCD Listing
👁

₹1,000 Cr Series B1 on BSE Debt Segment post May 11 allotment, monitor trading spreads from May 2026
Muthoot Mercantile Post-Redemption
👁

Nil outstanding on two ISINs, watch Q2 filings for new issuances/reinvestment
Ashiana Housing Surplus Check
👁

Next quarterly interest (Jul 2026 est.), contingent on distributable surplus vs peers' unconditional
Satin Creditcare CP Utilization
👁

Next quarterly cert post Mar 31, 2026 for ₹25 Cr to Nov 20, 2026, flag any working capital shifts
Aditya Birla Capital Payments
👁

Monthly series, watch for holiday-adjusted delays recurring post May 9 incident

Filing Analyses (17)

F MEC INTERNATIONAL FINANCIAL SERVICES LIMITED Debt Securities positive materiality 5/10

11-05-2026

F MEC International Financial Services Limited allotted 5,00,000 Secured, Unrated, Unlisted, Redeemable, Non-Convertible Debentures (NCDs) at face value of ₹100 each, aggregating to ₹5 Crores on a private placement basis. The Series A NCDs have an 18-month tenure from May 11, 2026, to November 10, 2027, with a 16% p.a. coupon paid quarterly, secured by hypothecation on company assets maintaining at least 100% security cover. No delays or defaults reported, with redemption as per the debenture trust deed.

· Board meeting held on May 11, 2026, from 03:30 P.M. to 03:45 P.M.
· Unlisted; no proposed listing.
· Security: Hypothecation on pari-passu charge over loans, advances, receivables, investments, and other assets.
· In default, additional 2% p.a. interest over coupon for delay >3 months.

Birla Corporation Limited Debt Securities positive materiality 6/10

11-05-2026

Birla Corporation Limited disclosed that ICRA Limited has reaffirmed the credit ratings for its Non-Convertible Debentures (NCDs) at ICRA AA (Stable) for both ISIN INE340A07084 and INE340A07092. The reaffirmation was issued on May 8, 2026, and verified on May 11, 2026. The company received the intimation on May 11, 2026, at around 10:30 a.m. IST.

· Scrip Codes: BSE 500335/954744/954925, NSE BIRLACORPN
· Disclosure under Regulation 30, 51, and 55 of SEBI (LODR) Regulations, 2015

Poonawalla Fincorp Limited Debt Securities positive materiality 4/10

11-05-2026

Poonawalla Fincorp Limited has decided to exercise the call option on 60 Rated, Non-Convertible, Subordinated, Perpetual Debentures (ISIN: INE511C08944) aggregating ₹3,00,00,000 (face value ₹5,00,000 each, 12.10% coupon rate), issued on June 14, 2016. The record date for redemption is May 27, 2026, with full redemption including accrued interest on June 12, 2026. Notices have been issued to debenture holders, Catalyst Trusteeship Limited, and RBI approval for redemption has been requested.

· Coupon rate: 12.10% p.a. payable annually
· Credit ratings: CARE AA+; Stable (CARE Ratings Limited) and CRISIL AA+/Stable (CRISIL Ratings Limited)
· Deemed date of allotment: June 14, 2016
· Call option exercisable after 10 years from issue; step-up to 13.10% if not exercised

Unknown Debt Securities positive materiality 4/10

11-05-2026

Navi Finserv Limited certified the timely payment of interest on its Non-Convertible Debentures (ISIN: INE342T07635) with an issue size of ₹61,500 Lakhs. The interest amount of ₹520.64 Lakhs was paid on the due date of May 11, 2026, matching the actual payment date and following the record date of April 26, 2026. No delays or changes in the monthly payment frequency were reported.

· Frequency of interest payment: Monthly
· Record date for payment of interest: 26-04-2026
· Due date for interest payment: 11-05-2026
· Date of last interest payment: 10-04-2026
· CIN: U65923KA2012PLC062537

Ashiana Housing Limited Debt Securities positive materiality 4/10

11-05-2026

Ashiana Housing Limited paid INR 20,00,000 (₹20 Lakh) as interest on its Non-Convertible Debentures (NCDs, Series 8%AHL2042, ISIN: INE365D08034) to International Finance Corporation on the due date of May 11, 2026, with no delays reported. The issue size and outstanding principal remain at INR 26.40 Crores, consisting of 264 NCDs each with a face value of INR 10,00,000. No redemption payments were made.

· Interest payment record date: 23rd April 2026
· Date of last interest payment: 22nd January 2026
· Interest frequency: Quarterly, contingent on availability of Distributable Surplus

Unknown Debt Securities positive materiality 7/10

11-05-2026

National Bank for Financing Infrastructure and Development (NaBFID) raised Rs. 1450 crore through the issuance of 29,000 listed, unsecured, rated, redeemable, taxable, non-convertible Commercial Papers of face value Rs. 5 lakh each. The issue opened and closed on May 08, 2026, with a deemed allotment date of May 11, 2026, maturity on August 04, 2026, and a yield of 6.55%. The papers carry ISIN INE0KUG14025 and are proposed to be listed on BSE Limited.

· ISIN: INE0KUG14025
· Bidding/Issue Opening and Closing Date: May 08, 2026
· Deemed Date of Allotment: May 11, 2026
· Date of Maturity: August 04, 2026
· Issue Type: Listed, Unsecured, Rated, Redeemable, Taxable, Non-Convertible Debt Securities

Unknown Debt Securities positive materiality 6/10

11-05-2026

Axis Finance Limited certified timely payment of annual interest on its Non-Convertible Debentures (ISIN: INE891K08042) under SEBI Regulation 57. The debenture issue size is Rs. 200,00,00,000/-, with interest of Rs. 16,95,34,000/- paid on the due date of 11/05/2026, matching the record date adjusted to 24/04/2026. No delays or changes in payment frequency were reported.

· Interest payment frequency: Annually
· Interest payment record date: 24/04/2026 (adjusted from non-business day)
· Due date for interest payment: 11/05/2026
· Actual date of interest payment: 11/05/2026
· Date of last interest payment: 13/05/2025
· Filing reference: AFL/CO/2026-27/21

Aditya Birla Capital Limited Debt Securities positive materiality 3/10

11-05-2026

Aditya Birla Capital Limited certified the payment of monthly interest of ₹9.35 Lakh (including TDS of ₹0.82 Lakh) on its ABCL Public Issue NCD Series ‘V’ FY 2023-24 (ISIN: INE860H07IP2), with an issue size of ₹1457.70 Lakh. The payment was made on the actual date of May 11, 2026, the next working day after the due date of May 9, 2026, which fell on a holiday, in line with the business day convention. No delays or changes in payment frequency were reported.

· Interest payment frequency: Monthly
· Interest payment record date: 24/04/2026
· Due date for interest payment: 09/05/2026
· Actual date for interest payment: 11/05/2026
· Date of last interest payment: 09/04/2026
· Symbol: ABCAPITAL; Scrip Code: 540691; Scrip ID: ABCAPITAL

Satin Creditcare Network Limited Debt Securities neutral materiality 3/10

11-05-2026

Satin Creditcare Network Limited submitted a quarterly certificate to BSE Limited confirming compliance with SEBI Master Circular requirements, stating that proceeds from its Commercial Paper (ISIN: INE836B14333) have been utilized as disclosed for lending related to normal business and working capital requirements for the quarter ended March 31, 2026. The outstanding CP value as of March 31, 2026, is ₹25,00,00,000, issued on November 21, 2025, with maturity on November 20, 2026. No utilization discrepancies or non-compliance issues were reported.

· ISIN: INE836B14333
· Date of issue: November 21, 2025
· Maturity date: November 20, 2026
· End use of funds: lending in relation to normal business requirements of the Company and working capital requirements
· Scrip Code: 539404
· SEBI Master Circular reference: SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025

AU Small Finance Bank Limited Debt Securities positive materiality 4/10

11-05-2026

AU Small Finance Bank Limited certified the timely payment of monthly interest on its non-convertible debt securities (ISIN: INE519Q08186) with an issue size of Rs. 50,00,00,000 at a rate of 10.75%. The interest amount of Rs. 44,17,808.22, due on May 09, 2026, was paid on May 11, 2026, the next working day after the weekend, in compliance with SEBI Master Circular. No delays or changes in payment frequency were reported.

· Interest payment record date: April 24, 2026
· Date of last interest payment: April 09, 2026
· Frequency of interest payment: Monthly
· Payment made on next working day (May 11, 2026) as May 09 and 10 were weekend, per SEBI Master Circular dated July 11, 2025

Unknown Debt Securities positive materiality 6/10

11-05-2026

Muthoot Mercantile Limited confirmed timely payment of interest and full redemption on two series of listed, rated, secured Non-Convertible Debentures (NCD-III) on May 11, 2026, in compliance with Regulation 57(1) of SEBI LODR. For ISIN INE05F407CN9 (issue size Rs. 2,86,42,000), interest of Rs. 3,37,32,773.86 was paid (due/maturity date: 11/05/2026), and full principal redemption of Rs. 2,86,42,000 (28,642 NCDs) was completed, leaving outstanding at Nil. For ISIN INE05F407CP4 (issue size Rs. 27618000.00), monthly interest of Rs. 2,76,92,367 was paid, and full principal redemption of Rs. 2,76,18,000 (27,618 NCDs) was executed, with outstanding now Nil.

· Interest payment record date for both ISINs: 24/04/2026
· Previous interest payment date for INE05F407CP4: 30/04/2026
· No changes in payment frequency; no delays or non-payments
· Redemption reason for both: Maturity
· Scrip code: 939098; Company Code: 13220

Unknown Debt Securities positive materiality 7/10

11-05-2026

Muthoot Mercantile Limited confirmed timely payment of interest and full redemption of two series of listed, rated, secured Non-Convertible Debentures (NCDs) on May 11, 2026, in compliance with SEBI LODR Regulation 57(1). For ISIN INE05F407CN9 (Issue Size Rs. 2,86,42,000.00), interest of Rs. 3,37,32,773.86 was paid (due on maturity) and full principal of Rs. 2,86,42,000 redeemed (28,642 NCDs), reducing outstanding to Nil. For ISIN INE05F407CP4 (Issue Size Rs. 27,618,000.00), monthly interest of Rs. 2,76,92,367.00 was paid and full principal of Rs. 2,76,18,000.00 redeemed (27,618 NCDs), also reducing outstanding to Nil.

· Interest record date: 24/04/2026 for both series
· Previous interest payment date for INE05F407CP4: 30/04/2026
· No changes in payment frequency; no delays or non-payments

Paisalo Digital Limited Debt Securities positive materiality 4/10

11-05-2026

Paisalo Digital Limited confirmed the timely payment of monthly interest on its Non-Convertible Debentures (NCDs) with ISIN INE420C07155 and issue size Rs. 50 Crores. The interest amount of Rs. 41,09,589.04 (inclusive of TDS), due on May 10, 2026 (a Sunday), was paid on the next working day, May 11, 2026. No delays or issues were reported, with redemption scheduled for September 10, 2028.

· ISIN: INE420C07155
· Interest payment frequency: Monthly
· Interest record date: April 25, 2026
· Previous interest payment date: April 10, 2026
· Redemption date: September 10, 2028

Unknown Debt Securities positive materiality 4/10

11-05-2026

Akara Capital Advisors Private Limited confirmed timely payment of monthly interest on its bonds (ISIN: INE08XP07316, issue size ₹25,00,00,000) to all bondholders as on the record date of April 26, 2026. The interest amount of ₹18,22,830.59 (after TDS) was paid on May 8, 2026, ahead of the due date of May 11, 2026. No redemption payments were applicable.

· Interest payment frequency: Monthly
· Previous interest payment date: April 10, 2026
· BSE Scrip Code: 976905

Poonawalla Fincorp Limited Debt Securities positive materiality 9/10

11-05-2026

Poonawalla Fincorp Limited allotted 1,00,000 secured, redeemable, rated, listed non-convertible debentures (PFL NCD Series ‘B1’ FY2026-27) of face value ₹1,00,000 each, aggregating to ₹1000,00,00,000 (₹1000 Crore), plus a premium of ₹18,26,000, for a total of ₹1000,18,26,000. The debentures carry a coupon rate of 8.25% p.a., have a tenure of 731 days (maturing May 11, 2028), and are secured by a first ranking pari passu charge on hypothecated properties. They will be listed on the Debt Market Segment of BSE Limited following private placement approval by the Finance Committee on May 11, 2026.

· Date of allotment: May 11, 2026
· Date of maturity: May 11, 2028
· Tenure: 731 days (2 years)
· Listing: Debt Market Segment of BSE Limited
· Security: First ranking pari passu charge on Hypothecated Properties

Unknown Debt Securities positive materiality 3/10

11-05-2026

Muthoot MCred Limited confirmed that it has duly made monthly interest payments on 14 series of privately placed Non-Convertible Debentures (NCDs) listed on BSE Limited's Wholesale Debt Market, due on 10-05-2026, with payments completed one day early on 09-05-2026. The total issue size across these series is ₹15,700,000,000, and the total interest paid is ₹122,630,583. No delays, changes in interest frequency, or reasons for non-payment were reported.

· ISINs covered: INE101Q07AQ7, INE101Q07BA9, INE101Q07BH4, INE101Q07BI2, INE101Q07BQ5, INE101Q07BS1, INE101Q07BR3, INE101Q07BT9, INE101Q07BU7, INE101Q07BY9, INE101Q07BZ6, INE101Q07BV5, INE101Q07BX1, INE101Q07BW3
· Record date for all series: 25-04-2026
· Date of last interest payment for all series: 10-04-2026
· Compliance reference: Regulation 57(1) of SEBI (LODR) Regulations, 2015
· Signatory DIN: 01786534

Get daily alerts with 12 investment signals, 8 risk alerts, 8 opportunities and full AI analysis of all 17 filings

Start free trial Browse all digests

₹500/mo after a 14-day free trial — no credit card required. See pricing or explore intelligence streams.

More from: India Debt Bond Securities SEBI Regulatory Filings

May 27, 2026

India Debt Bond Securities SEBI Regulatory Filings — May 27, 2026

May 26, 2026

India Debt Bond Securities SEBI Regulatory Filings — May 26, 2026

May 25, 2026

India Debt Bond Securities SEBI Regulatory Filings — May 25, 2026

May 22, 2026

India Debt Bond Securities SEBI Regulatory Filings — May 22, 2026

🇮🇳 More from India

View all →

May 28, 2026

India Pre-Market Regulatory Roundup — May 28, 2026

India Pre-Market Regulatory Roundup

May 28, 2026

India Quarterly Results BSE NSE Announcements — May 28, 2026

India Quarterly Results BSE NSE Announcements

May 28, 2026

India Upcoming Corporate Actions BSE NSE — May 28, 2026

India Upcoming Corporate Actions BSE NSE

May 27, 2026

India Pre-Market Regulatory Roundup — May 27, 2026

India Pre-Market Regulatory Roundup

← All India digests