Berar Finance Limited

Berar Finance Limited is an Indian company in the BFSI industry (formerly Berar Finance Private Limited) with 8 outstanding bonds (ISINs) recorded on this page. Stated coupons on its fixed-rate bonds range from 10.5% to 12.25% a year. Maturity dates run from 12 Feb 2027 to 25 Apr 2029. NSDL records all 8 whose terms it holds as secured. Latest credit ratings on record: CRISIL BBB+ (Stable) (action dated 23 Oct 2026); India Ratings BBB+ (Stable) (action dated 9 Sep 2026). Verify current terms against the official documents linked on this page.

Data as of 15 Nov 2026 (snapshot 20261115-2253) · How this page is compiled

Issuer overview

Legal name
Berar Finance Limited
Formerly
Berar Finance Private Limited
CIN
U65929MH1990PLC057829
LEI
33580034IRPZGJAL5517
Industry
BFSI
Business
Non-Banking Financial Company (NBFC)
Ownership
Non PSU
ISIN issuer code
INE998Y
Outstanding bonds (ISINs)
8 (plus 6 matured)
Stated coupons (fixed rate)
10.5% – 12.25%
Maturity dates
12 Feb 2027 – 25 Apr 2029
Secured (NSDL)
8 of 8
Combined issue size of outstanding bonds
₹345 crore
Traded on
BSE

Issue size is the amount each bond raised when it was issued, as recorded by NSDL. It is not the amount still outstanding today (bonds can be partly redeemed or bought back) and not the company's total debt.

Berar Finance bonds: ISIN, coupon and maturity

8 outstanding bonds, by maturity date.

ISIN Type Coupon Interest paid Allotted Maturity Face value Issue size (₹ cr) Security Guarantee Traded on Rating (NSDL)
INE998Y07162 NCD 11.5% Yearly 12 Feb 2025 12 Feb 2027 ₹5,000 30.00 Secured Guaranteed — India Ratings BBB+ 9 Sep 2026
INE998Y07188 NCD 11.42% — 24 Jun 2025 26 Jun 2027 ₹10,000 50.00 Secured Guaranteed — CRISIL BBB+ 20 Aug 2025
INE998Y07196 NCD 11.25% Yearly 30 Jun 2025 30 Jun 2027 ₹1,00,000 25.00 Secured Guaranteed BSE CRISIL BBB+ 20 Aug 2025
INE998Y07204 NCD 10.95% — 29 Aug 2025 29 Aug 2027 ₹10,000 30.00 Secured Guaranteed — India Ratings BBB+ 9 Sep 2026
INE998Y07170 NCD 12.25% Yearly 21 Mar 2025 25 Nov 2027 ₹75,000 15.00 Secured Guaranteed — CRISIL BBB+ 20 Aug 2025
INE998Y07212 NCD 11% Yearly 25 Sep 2025 25 Sep 2028 ₹1,00,000 40.00 Secured Guaranteed BSE CRISIL BBB+ 20 Aug 2025
INE998Y07238 NCD 10.5% Quarterly 22 Oct 2026 31 Dec 2028 ₹1,00,000 30.00 Secured Guaranteed — CRISIL BBB+ 19 Oct 2026
INE998Y07246 NCD 10.85% Quarterly 30 Oct 2026 25 Apr 2029 ₹10,000 125 Secured Guaranteed BSE CRISIL BBB+ 23 Oct 2026
Notes on this table
  • Outstanding means the maturity date has not passed, according to the depository record. It does not confirm that a bond has not been redeemed early, called or bought back.
  • Type, coupon, interest frequency, allotment date, issue size, security and guarantee are as recorded by NSDL India Bond Info, the depository's record of each ISIN. Search an ISIN on NSDL India Bond Info to see its full record.
  • "Secured" and "Guarantee" are NSDL's classification. What the security is, the asset cover and the terms of any guarantee or co-obligor are in the offer document and the debenture trust deed; this page does not infer them.
  • Prices and yields are not shown. They change with every trade: see BSE and NSE.
  • Terms used in this table: ISIN · Coupon rate · Yield to maturity (YTM) · Secured NCD · Unsecured NCD · Credit rating.

Berar Finance credit rating

Latest rating by agency on the outstanding bonds (NSDL India Bond Info)
Agency Rating Outlook Latest action Action date Bonds Status
CRISIL BBB+ Stable New 23 Oct 2026 6 Verified by NSDL · Checked 4 Nov 2026
India Ratings BBB+ Stable Reaffirm 9 Sep 2026 2 Verified by NSDL · Checked 4 Nov 2026
Rating history
Date Agency Rating Outlook Action
23 Oct 2026 CRISIL BBB+ Stable New
19 Oct 2026 CRISIL BBB+ Stable New
9 Sep 2026 India Ratings BBB+ Stable Reaffirm
27 Jul 2026 India Ratings BBB+ Stable Reaffirm
20 Aug 2025 CRISIL BBB+ Stable Upgrade
8 Aug 2025 India Ratings BBB+ Stable Reaffirm
11 Jul 2025 India Ratings BBB+ Stable Upgrade
17 Jun 2025 CRISIL BBB Stable New
17 Mar 2025 CRISIL BBB Stable New
21 Jan 2025 India Ratings BBB Positive New
11 Oct 2024 CRISIL BBB Stable New

Rating actions on the issuer's bonds as recorded by NSDL, newest first. Earlier lines are history, not the current rating.

A credit rating is the agency's opinion and can change at any time. Check the agency's website for the latest action: CRISIL, India Ratings

Private placements and disclosure documents

Allotted ISIN Redemption Disclosure documents
30 Oct 2026 INE998Y07246 25 Apr 2029 Placement memorandum on BSE
22 Oct 2026 INE998Y07238 31 Dec 2028 Placement memorandum on BSE
25 Sep 2025 INE998Y07212 25 Sep 2028 Placement memorandum on BSE
29 Aug 2025 INE998Y07204 29 Aug 2027 Placement memorandum on BSE
30 Jun 2025 INE998Y07196 30 Jun 2027 Placement memorandum on BSE
24 Jun 2025 INE998Y07188 26 Jun 2027 Placement memorandum on BSE
21 Mar 2025 INE998Y07170 25 Nov 2027 Placement memorandum on BSE
12 Feb 2025 INE998Y07162 12 Feb 2027 Placement memorandum on BSE
28 Oct 2024 INE998Y07154 28 Oct 2026 Placement memorandum on BSE
23 Apr 2024 INE998Y07147 23 Apr 2026 Placement memorandum on BSE
16 Sep 2022 INE998Y07139 16 Mar 2025 Placement memorandum on BSE
24 Mar 2021 INE998Y07089 5 Feb 2025 Placement memorandum on BSE
24 Feb 2021 INE998Y07071 24 Feb 2024 Placement memorandum on BSE
30 Jul 2020 INE998Y07030 2 Aug 2021 Placement memorandum on BSE

From BSE's list of privately placed debt. The documents are the issuer's own; the offer document and debenture trust deed are the authoritative source for each bond's terms.

Berar Finance bonds: questions and answers

What bonds has Berar Finance Limited issued?

Berar Finance Limited has 8 outstanding bonds recorded on this page. By type, as described by NSDL: 8 NCDs. 6 further ISINs on record have passed their maturity dates and are not counted as outstanding.

What are the ISINs of Berar Finance Limited bonds?

Its 8 outstanding bonds each have their own ISIN, for example INE998Y07162, INE998Y07188, INE998Y07196. All are listed in the bond table on this page. ISINs of this issuer begin with its issuer code, INE998Y.

What coupon rates do Berar Finance Limited bonds pay?

Stated coupons on its fixed-rate outstanding bonds range from 10.5% to 12.25% a year on face value. The bond table gives the coupon and interest frequency of each ISIN. The coupon is not the yield: the yield an investor earns depends on the price paid.

When do Berar Finance Limited bonds mature?

Its outstanding bonds have maturity dates from 12 Feb 2027 to 25 Apr 2029. The bond table lists the maturity date of each ISIN.

What is the latest credit rating of Berar Finance Limited bonds?

NSDL India Bond Info records CRISIL BBB+ (Stable) (action dated 23 Oct 2026); India Ratings BBB+ (Stable) (action dated 9 Sep 2026) on its outstanding bonds. Checked on NSDL on 4 Nov 2026. A rating is the agency's opinion and can change at any time.

Are Berar Finance Limited bonds secured, unsecured or guaranteed?

NSDL records all 8 outstanding bonds whose terms it holds as secured. 8 are recorded as guaranteed. What the security is, the asset cover and the terms of any guarantee or co-obligor are set out in the offer document and the debenture trust deed; this page does not infer them.

Is Berar Finance Limited the same company as Berar Finance Private Limited?

Yes. Berar Finance Limited was formerly known as Berar Finance Private Limited; bonds issued under the earlier name are obligations of the same company. Its Corporate Identification Number (CIN) is U65929MH1990PLC057829.

Where can investors find the original disclosure documents for Berar Finance Limited bonds?

Each ISIN's record, including its terms and rating history, is on NSDL India Bond Info (search the ISIN). The offer document (shelf prospectus, tranche prospectus or general information document and key information document) and the debenture trust deed set out the full terms; listed issuers publish them on BSE or NSE. For the private placements listed on this page, each row links to the disclosure documents on BSE.

How can investors check the current market price or yield of Berar Finance Limited bonds?

This page does not show prices or yields. Trades in these bonds are reported on BSE, which publish the price and yield of each trade, usually by the end of the trading day. Many corporate bonds trade rarely, so a recent price may not exist; an old trade is not a current price.

Sources and dates

Data as of 15 Nov 2026 (snapshot 20261115-2253). Facts on this page last changed on 5 Nov 2026. Rating dates above are the agencies' action dates, which can be much older than the data date. This page is for information only. It is not investment advice, a credit rating or a recommendation to buy, sell or hold any security. Facts are taken from the issuer's own documents and the sources linked on this page; check them with the source before investing.

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Bond Interpretation is an information resource on Indian corporate bond issuers, published by Newsinterpretation. It covers the companies behind corporate bonds and non-convertible debentures (NCDs): their outstanding bonds with ISIN-level terms, credit ratings as recorded by the depository, private placements and public NCD issues. It brings together depository (NSDL India Bond Info), exchange (BSE and NSE) and company records, and shows the source and date of each fact. The pages are compiled automatically from those records. Bond Interpretation publishes no credit ratings, opinions or recommendations to buy, sell or hold of its own.

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