Dhanlaxmi Bank Limited — Important, 07-04-2025: Updates

The company has allotted 150 unsecured redeemable non-convertible Basel-III compliant subordinated Tier-II bonds, each with a face value of ₹1 crore, resulting in an issue size of ₹150 crores. These bonds, offered at a coupon rate of 10.50% per annum, have a tenor of 10 years and are set to mature on April 6, 2035. Interest payments will occur annually on April 7, starting in 2026 and continuing through to the bond's maturity, with the last principal payment also scheduled for April 7, 2035. The bonds are set to be listed on NSE India Limited, which could enhance market accessibility. This financial instrument aims to bolster the company’s capital base while providing a steady income stream for investors, reflecting a positive outlook for the firm's funding strategy moving forward.