Canara HSBC Life approves up to ₹287.50 crore subordinated debt issuance

The board approved unaudited financial results for the quarter and half-year ended 30 September 2026; the joint statutory auditors issued a limited review report without observations or remarks. It also approved raising up to ₹2,87,50,00,000 through privately placed non-convertible debentures structured as subordinated debt, subject to necessary approvals.

Raising capital changes the share count or the debt load, and the stated use of proceeds is a commitment that can later be checked.

• Instrument and amount finally raised
• Stated use of proceeds
• Whether the enabling resolution is actually used
• We expect our trad mix to improve from now onwards till 31st of March. (management committed by Q4 FY26)
• We expect that by the end of the year, the UL mix should come down to about 55% and traditional should move up (management committed by FY27)