LTF : ALLOTS NCDS WORTH OVER RS 1,500 CR

• Allotted 1.5 lakh senior, secured, rated, listed, redeemable NCDs of face value ₹1 L each on private placement basis on October 21, 2026 • Aggregate nominal value ₹1,500 Cr; green shoe option to retain oversubscription up to ₹500 Cr, aggregating up to ₹2,000 Cr • Coupon 7.8384% p.a., payable annually from September 28, 2027; maturity September 28, 2029 • Debentures proposed to be listed on NSE's Negotiated Trade Reporting Platform under New Debt Market • Secured by exclusive first ranking charge on identified fixed deposits and/or standard receivables Impact: Neutral (₹1,500 Cr debt raise at 7.84% refinances/replenishes borrowings; adds secured liability with no equity dilution)

L&T Finance Limited

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