Allotment of Securities
What happened
FactAllotment of Securities. convertible debentures of the face value of Rs. 1,00,000 (Indian Rupees One Lakh only) on a private. placement basis, in dematerialised form for cash for an aggregate nominal value of Rs. 235,00,00,000.
Why it matters
CapitSignal interpretationRaising capital changes the share count or the debt load, and the stated use of proceeds is a commitment that can later be checked.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Demand
ContradictedOur YoY Retail Book growth for the quarter stood at 18% supported by strong performances in Farmer Finance disbursements with a 16% YoY growth, a 65% YoY growth in Personal Loans disbursement, a 24% YoY growth in Housing Loans and a 30% YoY growth in SME Finance disbursements.
We continue to maintain our focus on sourcing more prime and near prime customers who exhibit credit resilience, which led to the Prime customer share in our Two Wheeler Finance disbursements increasing to 84% in the month of June-25, which stood at 53% for the month of March-24.
Change
FactImplication
CapitSignal interpretationDebt
DelayedOverall, at a balance sheet level, we still sign up to that 2% to 2.2% corridor by Q4FY27 and over the Lakshya period, sub 2% is what we are signing up on.
Diversified liability mix has enabled the Company to firmly anchor Q1FY27 Weighted Average Cost of Borrowing (WACB) at 7.20% compared to 7.68% in Q1FY26, down 48 bps YoY.
Change
FactImplication
CapitSignal interpretationGuidance
WithdrawnWe have guided for an AUM growth for the full year between 20% to 25%.
We are confident that we'll hit that.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Instrument and amount finally raised
- Stated use of proceeds
- Whether the enabling resolution is actually used
- By the end of FY26, we plan on establishing a distribution strength of 300+ gold loan branches. (management committed by FY26)
- Following the launch of 200 branches in FY26, we are now working on deploying ~500 new branches in FY27, accel (management committed by FY27)
Evidence
- L&T Finance Limited has informed the Exchange regarding allotment of 23500 Non - Convertible Debentures on August 20, 2026(opens the original filing in a new tab)
- Earlier statement · Q1 FY25
- Latest statement · Q1 FY25
- Earlier statement · Q4 FY25
- Latest statement · Q1 FY27
- Earlier statement · Q2 FY25
- Latest statement · Q2 FY25
How CapitSignal classified this
- Reasoning:
- FUNDRAISE base 58; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%