Executive Summary
The India Debt Securities Intelligence digest for August 13, 2026, reveals a market characterized by routine debt servicing and new issuances, punctuated by significant credit stress events.
A total of 39 filings were analyzed, with the most material developments being severe financial distress at TruCap Finance (net loss widened 17% YoY, security cover breached, default on borrowings) and covenant breaches at Samunnati Finance (4 covenants breached, debenture holder meeting called). The period saw substantial commercial paper redemptions, including ₹2,175 crore by Bajaj Finance and ₹800 crore by Tata Steel, all executed on time, indicating robust liquidity in the large-cap space. New NCD issuances were led by Aditya Birla Capital (₹835 crore) and L&T Finance (₹200 crore), with coupon rates ranging from 7.98% to 8.20% for top-tier credits. A notable trend is the widening losses and deteriorating debt metrics among smaller real estate and infrastructure-focused NBFCs, such as Weisshorn Realty (debt-equity ratio of 6721) and Hiren Wahen Buildtech (D/E of 25.52, NCD repayment delay). The mixed outlook revision for CSB Bank's Tier II bonds (from Positive to Stable) highlights margin compression and reliance on bulk deposits, a sector-wide concern. Overall, the digest signals a two-speed market: strong, liquid entities meeting obligations seamlessly, while smaller, leveraged players face increasing financial strain and potential defaults.
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Filing types in this digest: Debt securities
Tracking the trend? Catch up on the prior India Debt Bond Securities SEBI Regulatory Filings digest from August 12, 2026.
Investment Signals (10)
- Aditya Birla Capital ↓ (BULLISH)▲
Successfully raised ₹835 crore via NCDs at 7.98-8.02% coupon, with strong green shoe exercise (₹285 crore oversubscription), indicating robust investor demand for high-quality NBFC debt.
- L&T Finance ↓ (BULLISH)▲
Allotted ₹200 crore Tier II NCDs at 8.20% coupon, with a green shoe option for an additional ₹180 crore, signaling strong credit profile and investor confidence in the infrastructure financing space.
- Bajaj Finance (BULLISH)▲
Timely redemption of ₹2,175 crore commercial paper on maturity date, demonstrating superior liquidity management and access to short-term funding markets.
- Tata Steel (BULLISH)▲
Full and timely redemption of ₹800 crore commercial paper, reinforcing its strong credit profile and ability to refinance short-term debt.
- DSP Finance (BULLISH)▲
Timely payment of ₹200 crore on CP maturity, confirming solid debt servicing capability in the financial services sector.
- IKF Finance (BULLISH)▲
Timely payment of ₹25 crore principal and ₹2.96 crore interest on NCDs, with a partial redemption executed on schedule, indicating stable asset quality and cash flows.
- CSB Bank ↓ (BEARISH)▲
India Ratings revised outlook to 'Stable' from 'Positive' on ₹500 crore Tier II bonds due to slow retail/SME loan diversification and margin compression (ROA declined from 1.53% to 1.29% YoY).
- TruCap Finance ↓ (BEARISH)▲
Net loss widened 17% YoY to ₹1,039.65 lakh, total income collapsed 71% YoY, security cover breached, and default on borrowings—signals potential insolvency risk for debt holders.
- Samunnati Finance (BEARISH)▲
Breached four financial covenants (Net NPA/AUM >4%, Gross NPA/AUM >7%, CRAR <18%, Tier 1 Capital <15%), triggering a debenture holder meeting on Sept 7, 2026, to discuss potential waiver.
- Hiren Wahen Buildtech (BEARISH)▲
Net profit swung to a loss of ₹139.77 lakh from a profit of ₹1,084.44 lakh in the preceding quarter, with a delay in NCD principal repayment of ₹5.13 crore and debt-equity ratio worsening to 25.52.
Risk Flags (8)
- TruCap Finance / Insolvency Risk↓ [HIGH RISK]▼
Net loss widened 17% YoY, total income fell 71% YoY, security cover on secured borrowings has been inadequate since Dec 2025, and the company has defaulted on borrowings. A restructuring plan has support from only 60% of lenders, with 26% yet to respond.
- Samunnati Finance / Covenant Breach [HIGH RISK]▼
Breached 4 key financial covenants under its Debenture Trust Deed as of June 30, 2026, including CRAR falling below 18% and Tier 1 Capital below 15%. A virtual meeting of debenture holders is scheduled for Sept 7, 2026, to decide on enforcement actions.
- Hiren Wahen Buildtech / Repayment Default [HIGH RISK]▼
Disclosed a delay in principal repayment on NCDs (₹5.13 crore unpaid as of June 30, 2026). Debt-equity ratio skyrocketed to 25.52 from 15.03 in the prior year, and DSCR is a mere 0.029.
- Weisshorn Realty / Extreme Leverage [HIGH RISK]▼
Debt-equity ratio stands at a perilous 6721, net worth is deeply negative at ₹13.55 crore, and the company has no operating revenue, relying entirely on other income to service finance costs that nearly doubled YoY.
- Reel & Time Heights / Pre-Revenue Risk [MODERATE RISK]▼
Incorporated only in July 2025, has not commenced commercial operations, and reported a widening net loss. It raised ₹95 crore via 18% NCDs in June 2026, and its debt-equity ratio has already risen to 7.31. Servicing high-cost debt without revenue is a significant risk.
- CSB Bank / Margin Compression↓ [MODERATE RISK]▼
Outlook revision to 'Stable' reflects margin compression (ROA fell from 1.53% to 1.29% YoY) and increasing reliance on high-cost bulk deposits (52% of total deposits, up from 43% in FY25).
- JHS Svendgaard Retail Ventures / Related Party Risk↓ [MODERATE RISK]▼
Invested ₹5 crore in 7% Optionally Convertible Debentures of a related party (Purple Rock Infra) which has zero turnover and unaudited financials. The investment is strategic but carries high risk given the target's early stage.
- Muthoot Capital Services / Repeated Filings↓ [LOW RISK]▼
Filed three identical prior intimations for a Debenture Issue Committee meeting on Aug 18, 2026, without disclosing size or terms. This lack of transparency could indicate uncertainty in fundraising plans.
Opportunities (8)
- Aditya Birla Capital / High-Quality Debt↓ (OPPORTUNITY)◆
The 7.98-8.02% coupon on 5-year secured NCDs offers an attractive yield for a AAA-rated NBFC, especially given the strong oversubscription and green shoe exercise.
- L&T Finance / Tier II Debt↓ (OPPORTUNITY)◆
The 8.20% coupon on 10-year Tier II NCDs provides a yield pick-up over senior debt, suitable for investors seeking higher returns from a high-credit-quality infrastructure financier.
- Regency Fincorp / High-Yield NCD↓ (OPPORTUNITY)◆
The 13.50% monthly coupon on 15-month NCDs is exceptionally high, but the risk is elevated. For aggressive yield-seekers with high risk tolerance, this could offer short-term alpha if the company's credit profile holds.
- Bajaj Finance / Liquidity Signal (OPPORTUNITY)◆
The timely redemption of a massive ₹2,175 crore CP reinforces Bajaj Finance's status as a top-tier credit. Any spread widening in its debt securities could be a buying opportunity.
- Tata Steel / Short-Term Debt Play (OPPORTUNITY)◆
The company's flawless CP redemption of ₹800 crore signals strong cash flows. Investors could consider short-term debt instruments from Tata Steel for reliable returns.
- IKF Finance / NCD Redemption Play (OPPORTUNITY)◆
The partial redemption and timely interest payment on its NCDs suggest improving asset quality. If the trend continues, the remaining NCDs may see price appreciation.
- Balkrishna Industries / Upcoming NCD Issuance↓ (OPPORTUNITY)◆
The company's Finance Committee will meet on Aug 18, 2026, to consider NCD issuance. Given its strong operational profile, the new issue could offer attractive terms.
- Time Technoplast / Consistent Debt Servicing↓ (OPPORTUNITY)◆
The timely CP repayment reinforces its credit discipline. Its debt securities could be a safe haven for conservative fixed-income investors.
Sector Themes (6)
- Two-Speed Debt Market◆
Large, well-capitalized NBFCs and corporates (Aditya Birla Capital, Bajaj Finance, Tata Steel) are easily raising and servicing debt, while smaller, leveraged entities (TruCap, Samunnati, Hiren Wahen) are facing defaults and covenant breaches. This divergence is likely to widen as credit conditions tighten.
- Rising Distress in Real Estate/Infra NBFCs◆
Multiple filings from real estate and infrastructure-focused companies (Weisshorn Realty, Reel & Time Heights, Hiren Wahen Buildtech) show extreme leverage, negative net worth, and widening losses. This sector is a growing source of credit risk.
- Margin Compression in Banking/NBFC◆
CSB Bank's outlook revision and ROA decline (1.53% to 1.29%) reflect a broader trend of margin compression due to rising cost of funds (bulk deposits) and slower high-yield loan growth. This could pressure other mid-sized banks and NBFCs.
- Heavy CP Redemption Activity◆
August 13, 2026, saw a cluster of CP redemptions totaling over ₹3,400 crore (Bajaj Finance ₹2,175 cr, Tata Steel ₹800 cr, DSP Finance ₹200 cr, Bajaj Financial Securities ₹250 cr). The flawless execution indicates strong systemic liquidity for top-tier names.
- High Coupon NCDs for Risk-Tolerant Investors◆
The emergence of NCDs with coupons of 13.50% (Regency Fincorp) and 18% (Reel & Time Heights) signals that smaller, riskier issuers are having to offer substantial premiums to attract funding, creating opportunities for high-yield debt investors with strong risk appetite.
- Regulatory Scrutiny on Covenant Compliance◆
The Samunnati Finance case, where a debenture holder meeting was called due to multiple covenant breaches, highlights the active role of debenture trustees and SEBI regulations in protecting investor interests. This trend may lead to more proactive enforcement.
Watch List (8)
- Samunnati Finance / Debenture Holder Meeting👁
Virtual meeting on Sept 7, 2026, to discuss covenant breaches. Outcome (waiver vs. acceleration) will be critical for debt recovery and could set a precedent for other stressed issuers.
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Monitor progress on the proposed restructuring plan. If 26% of non-responding lenders reject or demand unfavorable terms, the company could face insolvency proceedings.
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The Debenture Issue Committee meets on Aug 18, 2026. The size, coupon, and terms of the proposed NCD will provide insights into the company's funding costs and credit perception.
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Meeting on Aug 18, 2026, to consider NCD issuance. The size and coupon will indicate the company's capital needs and market reception.
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Monitor upcoming quarterly results for any improvement in CASA ratio (currently 19.41%) and retail deposit mix. Further deterioration could lead to a rating downgrade.
- Hiren Wahen Buildtech / NCD Repayment👁
Watch for any further delays or defaults on NCD principal/interest payments. The company's ability to service its high debt load (D/E 25.52) is a key risk.
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The 13.50% NCDs are to be listed on BSE. Post-listing trading and yield movements will reflect market perception of its credit risk.
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With monthly interest payments on its ₹150 crore NCD, any delay in future payments would be an early warning sign of liquidity stress.
Filing Analyses
(39)
13-08-2026
TruCap Finance Limited reported a net loss of ₹1,039.65 lakh for the quarter ended June 30, 2026, widening from a loss of ₹886.97 lakh in the same quarter last year. Total income fell sharply by 71% YoY to ₹1,218.12 lakh, driven by a 62% decline in interest income and a 92% drop in other income. The company faces severe financial stress, including a breach of security cover, default on borrowings, and a proposed restructuring plan supported by 60% of lenders by value, while 26% of lenders have yet to respond.
- · The company's security cover on secured borrowings has been inadequate since the quarter ended December 31, 2025.
- · The company defaulted on borrowings and its accounts with various lenders turned into non-performing assets.
- · The Board appointed M/s Dinesh Jain & Co. as Internal Auditors for FY27 and Mr. Shailendra Roy as Interim CFO effective August 14, 2026.
- · The company did not raise any funds through public issue, rights issue, preferential issue, or NCD issuance during the quarter.
- · The statutory auditors issued an unmodified opinion but highlighted a material uncertainty related to going concern.
- · Earnings per share (basic and diluted) was ₹(0.87) for the quarter, compared to ₹(0.76) in the same quarter last year.
13-08-2026
India Ratings & Research revised the outlook on CSB Bank's ₹500 Crore Basel III-compliant Tier II Bonds programme from 'Positive' to 'Stable', while reaffirming the rating at 'IND A'. The revision reflects slow traction in diversifying towards retail and SME loans, a constrained CASA ratio of 19.41% (below peers), and continued reliance on bulk deposits, which led to margin compression and a decline in ROA from 1.53% in FY25 to 1.29% in FY26. However, the bank maintains adequate capitalisation (CET1 18.96%), stable asset quality (net NPA 0.39%), and strong gold loan growth of 46.74% YoY.
- · The bank's gross NPA ratio increased to 1.75% in 1QFY27 from 1.66% in FY26, while net NPA improved slightly to 0.39% from 0.40%.
- · Bulk deposits contributed 52% of total deposits in 1QFY27 (FY26: 50%; FY25: 43%), up 69% YoY, indicating increasing reliance on higher-cost funding.
- · Share of retail deposits in the term deposit mix reduced to 48% in 1QFY27 from 59% in 1QFY26.
- · Top 20 largest deposit providers contributed 23% to total deposits at FYE26, signalling continued deposit concentration.
- · Gold loans accounted for 54% of gross advances as of 1QFY27 (1QFY26: 45%), providing capital efficiencies due to lower risk weights.
- · The bank's share in overall advances and deposits each stood at around 0.2% at FYE26.
- · Kerala and Tamil Nadu accounted for 31% and 16% of total branches in 1QFY27, down from 35% and 17% in FY24.
- · The bank held excess statutory liquidity ratio investments of about 37.78% over the prescribed requirement as of March 2026.
- · Positive rating sensitivity: franchise expansion with product diversification, ROA above 1.3%, improved geographical diversification, and improved liability granularity.
- · Negative rating sensitivity: CET1 below 13%, equity erosion or slippages in non-gold portfolio, restructured assets exceeding 5% on a sustained basis.
13-08-2026
L&T Finance Limited has allotted 200 subordinated, unsecured, rated, listed, redeemable, non-convertible debentures (NCDs) on a private placement basis, with an aggregate nominal value of ₹200,00,00,000 (₹200 Crore). The NCDs carry a coupon rate of 8.20% p.a., mature on July 1, 2036, and are classified as Tier II Capital. The company also has a green shoe option to retain oversubscription of up to ₹180 Crore, bringing the total potential issue size to ₹380 Crore.
- · The NCDs are classified as Subordinated Debt for inclusion as Tier II Capital.
- · The NCDs are proposed to be listed on the Negotiated Trade Reporting Platform (NTRP) under the New Debt Market of NSE.
- · In case of default in coupon or principal payment for more than three months, an additional interest of 2% p.a. over the coupon rate is payable.
- · The first coupon payment is due on July 1, 2027, with annual payments thereafter until maturity.
- · The NCDs are unsecured and no charge is created over any assets.
13-08-2026
JHS Svendgaard Retail Ventures Limited has subscribed to 50,00,000 7% Optionally Convertible Debentures (OCD) of Purple Rock Infra Private Limited at a face value of ₹10 each, for a total consideration of ₹5,00,00,000. The investment is classified as a related party transaction (promoter holds equity in the target) and is considered a strategic investment in the infrastructure sector, though the company currently holds no equity in the target. The filing notes the investment does not qualify as an acquisition as of the report date.
- · The target company, Purple Rock Infra Private Limited, was incorporated on March 10, 2024, with an authorised share capital of ₹10,00,000 and paid-up capital of ₹10,00,000.
- · The target has generated no turnover in FY 2024-25; FY 2025-26 financial statements are not yet finalised.
- · The company currently holds no shareholding in Purple Rock Infra; the percentage of shareholding will depend on future conversion of existing OCDs (85,00,000 units).
- · The board meeting commenced at 12:00 Noon and concluded at 2:34 PM on August 13, 2026.
- · The investment is a cash consideration remitted through normal banking channels, with an expected completion timeline of within 60 days.
13-08-2026
Muthoot Capital Services Limited has informed the stock exchanges that a meeting of its Debenture Issue and Allotment Committee is scheduled for August 18, 2026, to consider and approve the issuance of Non-Convertible Debentures (NCDs) on a private placement basis. The filing is a procedural prior intimation under SEBI LODR regulations and does not disclose the size, terms, or pricing of the proposed NCD issuance. No financial results or period-over-period comparisons are provided in this filing.
- · Meeting of the Debenture Issue and Allotment Committee scheduled for August 18, 2026.
- · Purpose: to consider and approve issuance of NCDs on private placement basis.
- · Filing made under Regulation 29(1) & 50(1) of SEBI LODR Regulations.
- · No details on NCD size, coupon rate, tenure, or utilization of proceeds provided.
13-08-2026
Aditya Birla Capital Limited has allotted a total of 83,500 secured, rated, listed, redeemable non-convertible debentures (NCDs) on a private placement basis on August 13, 2026, aggregating to Rs. 835 Crore. The allotment comprises two tranches: 35,000 NCDs of Rs. 350 Crore at a coupon rate of 7.9800% p.a. maturing on August 13, 2031, and 48,500 NCDs of Rs. 485 Crore at a coupon rate of 8.0163% p.a. maturing on May 18, 2029. The company exercised green shoe options, with the first tranche exceeding its base issue size of Rs. 300 Crore by Rs. 50 Crore and the second tranche exceeding its base of Rs. 250 Crore by Rs. 235 Crore.
- · The debentures are secured by a first pari passu charge over the company's receivables, securities, future movable assets, and current assets.
- · The first tranche NCDs have a tenor of 1,826 days (approx. 5 years) and mature on August 13, 2031.
- · The second tranche NCDs have a shorter tenor of 1,009 days (approx. 2.76 years) for the further issuance and mature on May 18, 2029.
- · The second tranche includes an accrued interest component of Rs. 3,250.4449 per debenture, resulting in a principal inflow of Rs. 1,03,590.7449 per debenture.
- · Both tranches are listed on BSE and NSE.
13-08-2026
The Reserve Bank of India announced a premature redemption price of ₹15,310 per unit for the Sovereign Gold Bond (SGB) 2019-20 Series III, due on August 14, 2026. The price is based on the simple average of the closing price of 999-purity gold over the three business days ending August 13, 2026.
- · The premature redemption is permitted after the fifth year from the issue date (August 14, 2019).
- · The redemption price is based on the simple average of closing prices of 999-purity gold on August 11, 12, and 13, 2026.
- · The next interest payment date coincides with the premature redemption date of August 14, 2026.
13-08-2026
Routine debt securities filing: Raising of Senior Unsecured Fixed Rate Reg S Bond
13-08-2026
Weisshorn Realty Private Limited reported unaudited financial results for the quarter ended June 30, 2026, showing a net loss of ₹6,605 thousand, widening from a loss of ₹3,010 thousand in the same quarter last year. Total income increased 76.5% YoY to ₹52,420 thousand, driven entirely by other income, while finance costs nearly doubled to ₹56,341 thousand. The company has not yet commenced commercial operations and has no operating revenue.
- · The company has not yet commenced commercial operations and has no operating revenue.
- · Debt equity ratio worsened to 6721 as of June 30, 2026, from 7561 as of March 31, 2026.
- · Net worth remained negative at (₹1,35,515 thousand) as of June 30, 2026.
- · No debenture redemption reserve was created as the company had no profits available for dividend.
- · The company has issued unsecured NCDs, so security cover disclosure under Regulation 54 is not applicable.
- · Funds raised from NCDs: ₹80 crore (Sep 2024) with ₹48.88 crore utilized; ₹195 crore (Feb 2023) with ₹134.20 crore utilized; no deviation reported.
13-08-2026
Hiren Wahen Buildtech Private Limited reported a net loss of ₹139.77 Lakh for the quarter ended June 30, 2026, compared to a net profit of ₹1,084.44 Lakh in the preceding quarter (March 31, 2026) and a net loss of ₹281.79 Lakh in the same quarter last year. Total income from operations was ₹154.54 Lakh, down sharply from ₹1,431.32 Lakh in the prior quarter. The company disclosed a delay in principal repayment on NCDs, with ₹5,12,66,057 unpaid as of June 30, 2026, and its debt-equity ratio worsened to 25.52 from 15.28 in the prior year.
- · The company's debt-equity ratio increased to 25.52 as of June 30, 2026, from 15.28 as of March 31, 2026.
- · Debt service coverage ratio was 0.029 and interest service coverage ratio was 0.521 for the quarter.
- · Current ratio stood at 6.22, long-term debt to working capital at 15.46, and total debts to total assets at 0.95.
- · The company's net worth declined to ₹188.64 Lakh from ₹328.41 Lakh as of March 31, 2026.
- · Security cover for NCDs is maintained at 1.0x of principal amount, with assets including a 74.12% interest in a partnership firm (book value ₹47.93 Crore, market value ₹85.58 Crore), a commercial space (book value ₹33.86 Crore), and a 95% pledge of shares (book value ₹0.095 Crore).
13-08-2026
Reel & Time Heights Private Limited reported a net loss of ₹10,317 thousand for the quarter ended June 30, 2026, compared to a loss of ₹2,897 thousand in the previous quarter (March 31, 2026), reflecting a widening loss. The company, incorporated on July 17, 2025, has not yet commenced commercial operations, so revenue is nil. It raised ₹95 crore through private placement of 9,500 unsecured 18% NCDs on June 2, 2026, and has utilized ₹88.80 crore of the proceeds with no deviation.
- · Company incorporated on July 17, 2025; no comparative figures for Q1 FY26.
- · Debt-equity ratio as of June 30, 2026: 7.31 (vs 6.02 in March 2026).
- · Net worth as of June 30, 2026: ₹15,121 thousand (positive, vs negative ₹2,203 thousand in March 2026).
- · Current ratio as of June 30, 2026: 1.55 (vs 5.01 in March 2026).
- · Total debt to total assets ratio as of June 30, 2026: 0.93 (vs 0.55 in March 2026).
- · No revenue from operations; company has not started commercial operations.
- · No deviation in use of issue proceeds; compliance certificate submitted.
- · Security cover disclosure not applicable as NCDs are unsecured.
13-08-2026
Sikka Ports & Terminals Limited has confirmed the repayment of maturity proceeds for its Commercial Paper (ISIN INE941D14758, Scrip Code 731666) on the due date of August 13, 2026. This is a routine debt servicing disclosure with no financial figures or performance metrics provided.
- · The Commercial Paper (ISIN INE941D14758) matured and was repaid on August 13, 2026.
- · The disclosure is made under Regulation 8.4 of Part III of SEBI's Master Circular for listed Commercial Papers.
13-08-2026
Inspira Springdale Private Limited submitted a Security Cover Certificate to BSE Limited as of June 30, 2026, confirming compliance with Regulation 54 of SEBI LODR for its listed secured non-convertible debentures. The certificate shows total assets of ₹33,10,78,000 (₹33.1078 Cr) against total debt securities of ₹10,00,00,000 (₹10 Cr), resulting in a security cover ratio of 3.31 times on book value. However, the filing does not provide prior-period data for comparison, limiting trend analysis.
- · Security cover ratio on book value is 3.31x (₹33.10 Cr assets / ₹10 Cr debt).
- · No market value cover ratio was provided (column marked as not applicable).
- · The certificate was signed by both the Managing Director and a Partner (auditor).
- · ISIN: INE2C4407019, Scrip code: 977214.
13-08-2026
Samunnati Finance Private Limited has breached four financial covenants under its Debenture Trust Deed (ISIN INE551U07332) as of June 30, 2026: Net NPA/AUM exceeded 4% (covenant not complied), Gross NPA to AUM exceeded 7% (not complied), CRAR fell below 18% (not complied), and Minimum Tier 1 Capital fell below 15% (not complied). The debenture trustee, Vardhman Trusteeship Private Limited, has convened a virtual meeting of debenture holders on September 7, 2026, to discuss the breach and seek instructions on further action, including a potential waiver or threshold increase. The meeting may be dispensed with if the breach is cured or waived before the meeting date.
- · The debenture trustee's notice references an earlier email communication dated August 12, 2026, regarding the breach.
- · The meeting is scheduled for Monday, September 7, 2026, at 12:30 P.M. (virtual).
- · The agenda includes election of chairman, discussion on breach of covenant, and further course of action.
- · The breach is based on unaudited financial statements for the quarter ended June 30, 2026, received by the trustee on August 12, 2026.
- · The Debenture Trust Deed was dated September 26, 2024.
13-08-2026
Time Technoplast Limited has certified to BSE Limited the timely repayment of its commercial paper (ISIN INE508G141X9) which matured on August 13, 2026. The company confirmed that the full maturity amount was repaid on the due date, fulfilling its payment obligations under SEBI regulations.
- · The commercial paper matured on August 13, 2026, and repayment was made on the same date.
- · The record date for repayment was fixed as August 12, 2026.
- · The filing references SEBI Master Circular SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025.
13-08-2026
Bajaj Financial Securities Limited redeemed commercial paper worth Rs. 2,50,00,00,000 (₹250 Crore) on its maturity date of August 13, 2026, in compliance with SEBI regulations. The redemption was made on the due date as per the terms of issuance.
- · ISIN: INE01C314FM9
- · Maturity Date: 13/08/2026
- · Payment Date: 13/08/2026
- · Reference to SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated 15 October 2025
13-08-2026
Bajaj Financial Securities Limited redeemed a commercial paper of ₹2,50,00,00,000 (₹250 Crore) on its maturity date of August 13, 2026, in compliance with SEBI regulations. The filing confirms timely payment and closure of the instrument.
- · ISIN of the redeemed commercial paper: INE01C314FM9
- · Maturity date and payment date both fell on August 13, 2026
- · Filing made under SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025
13-08-2026
Bajaj Financial Securities Limited redeemed commercial paper worth Rs. 2,50,00,00,000 on its maturity date of 13/08/2026, in compliance with SEBI regulations. The payment was made on the due date, fulfilling the terms of issuance.
- · ISIN: INE01C314FM9
- · Scrip Code: 731679
- · Maturity Date: 13/08/2026
- · Payment Date: 13/08/2026
13-08-2026
Bajaj Financial Securities Limited redeemed a commercial paper with ISIN INE01C314FM9 on its maturity date of August 13, 2026, for an amount of ₹2,50,00,00,000. The redemption was made in accordance with SEBI guidelines and the terms of issuance.
- · The commercial paper had a maturity date of August 13, 2026, and was redeemed on the same date.
- · The redemption was disclosed in compliance with SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated 15 October 2025.
13-08-2026
Bajaj Financial Securities Limited redeemed commercial paper of Rs. 2,50,00,00,000 (₹250 Crore) on its maturity date, August 13, 2026, in compliance with SEBI regulations. The redemption was made on the due date as per the terms of issuance.
- · ISIN: INE01C314FM9
- · Maturity Date: 13/08/2026
- · Payment Date: 13/08/2026
- · Reference to SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated 15 October 2025
13-08-2026
Bajaj Financial Securities Limited redeemed commercial paper worth Rs. 2,50,00,00,000 (₹250 crore) on its maturity date, August 13, 2026, in compliance with SEBI regulations. The redemption was made on time, indicating no default.
- · ISIN: INE01C314FM9
- · Maturity date and payment date both August 13, 2026
- · Redemption made in accordance with SEBI Master Circular dated 15 October 2025
13-08-2026
Nuvama Wealth and Investment Limited has redeemed and paid the amount due on a commercial paper (ISIN: INE523L14BJ2) issued under an offer document dated April 23, 2026. The redemption was completed on or before August 13, 2026, and the company has informed BSE Limited accordingly.
- · The commercial paper was issued under offer document dated April 23, 2026.
- · ISIN of the redeemed commercial paper: INE523L14BJ2.
- · The filing was made under the category 'Debt Securities'.
13-08-2026
Balkrishna Industries Ltd has informed the exchanges that its Finance Committee will meet on August 18, 2026, to consider and approve a proposal to raise funds by issuing non-convertible debentures on a private placement basis, in one or more tranches. This is a routine prior intimation under SEBI listing regulations and does not disclose the size or terms of the proposed issuance.
- · Meeting scheduled for August 18, 2026.
- · Funds to be raised through non-convertible debentures on a private placement basis in one or more tranches.
- · Proposal will be considered by the Finance Committee, not the full Board.
- · Filing is a prior intimation under Regulation 29(1)(d) of SEBI LODR Regulations.
- · Debt scrip codes: INE787D08047, INE787D08039, INE787D08054.
13-08-2026
Bajaj Finance Limited has redeemed a commercial paper (ISIN INE296A14H19) with an issue size of ₹2,175 crore on its maturity date of August 13, 2026, in compliance with SEBI regulations. The redemption was made on the due date in accordance with the terms of issuance.
- · The commercial paper was redeemed on its maturity date of August 13, 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 October 15, 2025.
13-08-2026
Bajaj Finance Limited has redeemed a commercial paper (ISIN INE296A14H19) with an issue size of ₹2,175 crore on its maturity date of August 13, 2026, in compliance with SEBI regulations. The redemption was made on the due date in accordance with the terms of issuance.
- · Scrip Code: 731672
- · ISIN: INE296A14H19
- · Maturity Date: 13 August 2026
- · Actual Payment Date: 13 August 2026
- · Filing Date: 13 August 2026
13-08-2026
Bajaj Finance Limited has redeemed a commercial paper (ISIN INE296A14H19) of ₹2,175 crore on its maturity date of August 13, 2026, in compliance with SEBI Master Circular. The redemption was made on the due date as per the terms of issuance.
- · The commercial paper had ISIN INE296A14H19 and was redeemed on its maturity date of August 13, 2026.
- · The redemption was reported to BSE Limited in compliance with SEBI Master Circular SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025.
13-08-2026
Bajaj Finance Limited has redeemed a commercial paper (ISIN INE296A14H19) with an issue size of ₹2,175 crore on its maturity date of August 13, 2026, in compliance with SEBI regulations. The redemption was made on the due date in accordance with the terms of issuance.
- · Scrip code: 731672
- · ISIN: INE296A14H19
- · Maturity date and actual payment date both August 13, 2026
- · Filing made under SEBI Master Circular SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025
13-08-2026
Muthoot Capital Services Limited has informed the exchanges that a meeting of its Debenture Issue and Allotment Committee is scheduled for August 18, 2026, to consider and approve the issuance of Non-Convertible Debentures (NCDs) on a private placement basis. The filing provides prior intimation under Regulation 29(1) and 50(1) of the SEBI Listing Regulations. No financial details or size of the proposed issue have been disclosed.
13-08-2026
Muthoot Capital Services Limited has informed the stock exchanges that a meeting of the Debenture Issue and Allotment Committee is scheduled for August 18, 2026, to consider and approve the issuance of Non-Convertible Debentures (NCDs) on a private placement basis. This is a routine procedural disclosure under SEBI LODR regulations and does not contain any financial results or performance data.
- · The meeting of the Debenture Issue and Allotment Committee is scheduled for Tuesday, August 18, 2026.
- · The NCDs will be issued on a private placement basis.
- · The filing includes scrip codes for equity (511766) and multiple debenture/CP series.
13-08-2026
Mirae Asset Capital Markets (India) Private Limited has certified to BSE Limited that it made timely payment of both interest and principal on its Commercial Paper (ISIN INE0T2V14103) due August 13, 2026, in compliance with SEBI operational circular. The filing confirms no default or delay on the debt obligation.
- · The certificate is issued under Clause 8.4 of Chapter XVII of SEBI operational circular SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021.
- · Scrip Code: 731671
- · The Commercial Paper's ISIN is INE0T2V14103.
- · Both interest and principal obligations were due and paid on August 13, 2026.
13-08-2026
Tata Steel Limited confirmed the full redemption of its commercial paper amounting to ₹800 Crore on August 13, 2026, the stated due date. The disclosure was made under the applicable SEBI Master Circular, with no outstanding redemption amount reported.
- · The redeemed commercial paper had ISIN INE081A14HF9.
- · The commercial paper was allotted on July 14, 2026.
- · The due date and actual payment date were both August 13, 2026.
- · The disclosure referred to Tata Steel's July 30, 2026 letter on the record date for redemption.
- · The filing cited SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025.
13-08-2026
Nirmal Bang Securities Private Limited submitted a certificate under Regulation 57 of SEBI (LODR) Regulations, 2015 to BSE, confirming timely payment of interest and full redemption of its Non-Convertible Debentures (ISIN INE681R08109). The company paid an interest amount of ₹90,77,143 on the due date of August 13, 2026, and fully redeemed 3,350 NCDs with a face value of ₹33.5 Crore on the same date. No delays or defaults were reported.
- · The certificate covers scrip codes 976408, 976778, 976970, 977144, 977356, and 978021, but the detailed compliance is specifically for scrip code 976408.
- · Interest payment frequency is quarterly, with the last interest payment made on May 13, 2026.
- · Outstanding amount after redemption is zero.
13-08-2026
Ratnaafin Capital Private Limited has announced its unaudited standalone financial results for the quarter ended June 30, 2026, approved by the Board of Directors on August 13, 2026. The filing includes a limited review report by statutory auditors, disclosures under SEBI LODR Regulations, a security cover certificate, and a statement confirming nil deviation/variation in the use of NCD proceeds. No specific financial figures or performance comparisons are provided in the filing text.
- · Board meeting commenced at 11:30 a.m. and concluded at 3:15 p.m. on August 13, 2026.
- · Audit Committee recommendation preceded Board approval.
- · Security cover certificate submitted as per Regulation 54 of SEBI LODR.
- · Statement confirming nil deviation/variation in NCD issue proceeds utilization.
13-08-2026
DSP Finance Private Limited has certified to BSE Limited that it made timely payment of the maturity amount of ₹2,00,00,00,000 (₹200 Crore) on its listed Commercial Paper (ISIN INE422H14420) on the due date of August 13, 2026. This confirms the company's compliance with SEBI's listing obligations and reflects no default or delay in debt servicing.
- · The filing was made under Chapter XVII of SEBI Master Circular SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025.
- · The commercial paper had a scrip code of 731673.
- · The payment was made on the same day as the maturity date (August 13, 2026).
13-08-2026
Aye Finance Ltd has made a timely interest payment of INR 1,28,10,000 on its Non-Convertible Debentures (ISIN INE501X07729) with an issue size of INR 150 Crores. The payment was due on August 12, 2026, and was paid on the same date, with the previous interest payment made on July 10, 2026. The filing confirms no delay or change in payment frequency, indicating routine debt servicing.
- · Interest payment record date was July 28, 2026.
- · Last interest payment was made on July 10, 2026.
- · The NCD has a monthly interest payment frequency.
13-08-2026
IKF Finance Limited certified payment of principal of Rs. 25,00,05,000/- and interest of Rs. 2,96,16,438/- on 12.08.2026 for ISIN INE859C07246, in accordance with Regulation 57(1) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The payment involved a partial redemption and was made on the due date, with no delay or non-payment reported; the securities have quarterly interest payments and an issue size of Rs. 150 Crore.
- · Scrip code and BSE code: 977108.
- · Record date for payment was 28.07.2026.
- · Due date and actual date of interest payment were both 12.08.2026.
- · The interest payment frequency is quarterly, with no change in frequency.
- · The previous interest payment date was 12.05.2026.
- · No reason for non-payment or delay was applicable.
- · The filing was dated August 13, 2026 and addressed to BSE Limited under Regulation 57(1).
13-08-2026
BOBCARD LIMITED has certified to BSE that it made timely repayment of the maturity value of a Commercial Paper (ISIN INE027214944) on its due date of August 13, 2026, as required under SEBI circular SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137. The filing confirms the company met its payment obligation without any default or delay.
- · ISIN: INE027214944
- · Due Date: 13/08/2026
- · Repayment Date: 13/08/2026 (same day)
- · Nature of payment: Payment of maturity value
- · Filing made under SEBI Circular SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025
13-08-2026
Nuvama Wealth Finance Limited has redeemed and paid the amount due on its Commercial Paper (ISIN: INE918K14DL8), which was issued under an offer document dated April 17, 2026. The redemption was completed on or before August 13, 2026, and the company has informed BSE Limited accordingly.
- · The Commercial Paper was issued under an offer document dated April 17, 2026.
- · The ISIN for the redeemed Commercial Paper is INE918K14DL8.
- · The company's Corporate Identity Number is U67120MH1994PLC286057.
- · The registered office is located at 801-804, Wing A, Building No. 3, Inspire BKC, G Block, Bandra Kurla Complex, Bandra East, Mumbai – 400 051.
13-08-2026
Regency Fincorp Limited's Board of Directors approved the issuance of 50,000 secured, rated, listed, non-convertible debentures (NCDs) with a face value of ₹10,000 each, aggregating to ₹50,00,00,000 (₹50 Crore) on a private placement basis. The NCDs carry a coupon rate of 13.50% per annum payable monthly, have a tenure of 15 months, and will be listed on BSE Limited. The company also appointed Catalyst Trusteeship Limited as trustee and Credora Partners Private Limited as merchant banker for the issue.
- · Interest payment schedule: Monthly
- · Principal repayment schedule: Quarterly
- · Default interest penalty: 5% per month over the applicable coupon rate
- · Security cover: 1.25x (125%) of outstanding amounts, sourced from principal receivables
- · Allotment will be done through Electronic Book Provider (EBP) platform after closure of bidding time
- · No special rights/privileges attached to the debentures
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