SBFC Finance Limited announced that the Board of Directors of the Company through resolution passed by circulation on 4 March, 2024 approved the allotment of 20,000 Secured, Rated, Listed, Redeemable NCDs, of face value of INR 100,000 each at an issue price of INR 100,000 each aggregating to INR 2,000 million on Private Placement basis in terms of the in principal listing approval of BSE Limited dated 20 February, 2024. Tenure of the instrument is Series A 2. Date of Allotment is 4 March 2024. Date of Maturity is 3 years from the Date of Allotment.

Coupon offered is 9.00% p.a. (till the first Put/Call Option date). The Coupon Rate shall be subject to reset on every Coupon Reset Date. Coupon Type is Variable as per Coupon Rate Reset (fixed for every 12 month took period) The bidding too place at the Electronic Book Provider (EBP) Platform of BSE.

Schedule of Interest Payment is Annually. Secured by a charge on the Hypothecated Assets of the Company.