Maturity date of the NCDs extended from June 30, 2026, to December 31, 2026. (Representational image)
Jana Holdings Limited (JHL) and by Jana Capital Limited (JCL) may look to sell shares of Jana Small Finance Bank Limited (JSFB) so that the proceeds can be utilised to redeem non-convertible debentures (NCDs) issued by them and repay the NCD holders.JHL and JCL have received BSE’s approval to extend the maturity date on their NCDs aggregating Rs 362.50 crore and Rs 1,333 crore, respectively, from June 30, 2026 to December 31, 2026.As at March-end 2026, JHL, a part of the promoter group, had 21.85 per cent stake in JSFB. JCL too is a part of JSFB’s promoter group, but the bank’s shareholding pattern shows it as having “nil” stake.TPG Asia VI India Markets Pte Ltd, in a regulatory filing, said: “We, in our capacity as one of the debenture holders of the rated, listed, non-convertible debentures (‘NCDs’) issued by JHL and by JCL, wish to place on record... As is already enshrined in the definitive documents relating to NCDs issued by JHL and by JCL ..., any proceeds from the sale of the shares of Jana Small Finance Bank Limited (JSFB) held by JHL (including sales that have already been undertaken) are required to be utilised to redeem the NCDs and repay the holders of the NCDs in the manner set out in the definitive documents, and the debenture trustee appointed in connection with the NCDs will, from time to time, call upon JHL to undertake such sale in order to redeem the NCDs and repay the holders of the NCDs.”Separately, JHL and JCL, in their respective regulatory filings, said BSE accorded its in-principle approval for the proposed amendment to the terms of the Debenture Trust Deed governing their listed NCDs. The amendment relates to revision in the maturity date of the NCDs from June 30, 2026, to December 31, 2026.“We acknowledge the receipt of your application dated June 26, 2026, seeking In-Principle approval for modifying the terms of non-convertible debentures (36,250) of face value of ₹1,00,000 each respectively listed with the Exchange, .... This In-principle approval is valid for a period of 3 months from the date of issue of this letter,” JHL said.“We acknowledge the receipt of your application dated June 26, 2026, seeking In-Principle approval for modifying the terms of non-convertible debentures (78,700 NCDs under one scrip code and 54,600 NCDs under another scrip code) of face value of ₹1,00,000 each respectively listed with the Exchange,” JCL said.Published on July 1, 2026
