Mumbai, April 14, 2026: Poonawalla Fincorp Limited (PFL) today announced the successful completion of its Qualified Institutions Placement (QIP), raising ₹2,500 crore. The issue saw strong participation from institutional investors, long-term funds, reflecting continued confidence in the Company’s strategy and growth outlook.

Key Transaction Highlights:

• The Company issued 67,430,883 equity shares of face value ₹2 each to Qualified Institutional Buyers (“QIBs”) at an issue price of ₹370.75 per equity share. The issue price represents a 5% discount to the floor price of ₹390.26 per equity share, resulting in aggregate proceeds of ₹2,500 Crore.
• The QIP, which opened on April 9, 2026, and closed on April 13, 2026, saw subscription from a diversified pool of investors, including Domestic Mutual Funds (“MFs”), Domestic Insurance Companies, and Foreign Institutional Investors (“FIIs”).

Book Running Lead Managers and Legal Counsels: Kotak Mahindra Capital Company Limited, Jefferies India Private Limited and J.P. Morgan India Private Limited acted as the Book Running Lead Managers to the QIP. Shardul Amarchand Mangaldas & Co. acted as legal counsel to the Company, while Cyril Amarchand Mangaldas (Indian law) and Sidley Austin Singapore Pte. Ltd. (United States law) acted as legal counsels to the Book Running Lead Managers.