L&T Finance to Exercise Call Option on ₹30 Crore Perpetual Tier-I NCDs on March 30, 2026

Mumbai, February 24, 2026: L&T Finance Limited has informed stock exchanges about the exercise of its call option to redeem ₹30 crore worth of Subordinated Perpetual Tier-I Non-Convertible Debentures (NCDs) on March 30, 2026.

The intimation was submitted to both the National Stock Exchange of India Limited (Symbol: LTF) and BSE Limited (Security Code: 533519) under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of the NCD Issue

The NCDs relate to:

• Series: AO (FY 2015–16)

• ISIN: INE691I08438

• Issue Size: ₹30 crore

• Instrument Type: Unsecured, Subordinated, Perpetual Tier-I Debt

• Face Value: ₹10 lakh per debenture

• Coupon Rate: 9.50% per annum

• Listing: Wholesale Debt Market Segment of BSE (since April 11, 2016)

The debentures were originally issued on March 30, 2016 by L&T Infrastructure Finance Company Limited, which was later merged into L&T Finance as part of a 2021 corporate restructuring.

RBI Approval Secured

The company obtained approval from the Reserve Bank of India on February 12, 2026 to exercise the call option, as required under regulatory norms for Tier-I debt instruments.

Under the terms of the Information Memorandum dated March 30, 2016, the call option could be exercised after a minimum period of 10 years, subject to RBI approval.

Redemption and Coupon Payment Timeline

• Call Option Exercise Date: March 30, 2026

• Record Date: March 13, 2026

• Payment: Principal outstanding along with annual coupon at 9.50% p.a.

Debenture holders listed in the beneficiary position as of February 20, 2026 will receive the redemption amount and accrued coupon.

The company clarified that it will not be responsible for any claims arising from securities sold or transferred after the record date.

Regulatory Compliance

The disclosure has been made in accordance with:

• SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

• SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021

• SEBI Master Circular dated January 30, 2026

Corporate Background

L&T Finance Limited, formerly known as L&T Finance Holdings Limited, is a leading non-banking financial company (NBFC) in India. The perpetual Tier-I bonds were originally issued by L&T Infrastructure Finance Company Limited prior to its merger into the parent entity.

The exercise of the call option aligns with capital management practices typically undertaken after completion of the minimum lock-in period for such hybrid debt instruments.