Key Event: Allotment of Non-Convertible Debentures (NCDs)

The Finance Committee of Manba Finance Limited, constituted by its Board of Directors, held a meeting on November 09, 2026. In this meeting, the committee approved the allotment of Non-Convertible Debentures (NCDs).

Terms of the NCD Issue

| Particular | Detail |

| Issuer | Manba Finance Limited |

| Type of Security | 10.70% Senior, Secured, Listed, Rated, Transferable, Redeemable, Non-Convertible Debentures (NCDs) |

| Type of Issuance | Private Placement Basis |

| Issue Size | 5,000 NCDs |

| Face Value per NCD | ₹ 1,00,000 |

| Aggregate Face Value | ₹ 50,00,00,000 (Fifty Crores) |

| Listing | The NCDs are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. |

| ISIN | INE939X07291 |

| Date of Allotment | November 09, 2026 |

| Date of Maturity | April 17, 2029 |

| Tenure | 29 months and 9 days |

| Coupon Rate | 10.70% per annum |

Payment Schedule

The NCDs feature a quarterly payment schedule for both principal and interest. The specific payment dates are:

  • November 09, 2026
  • December 28, 2026
  • March 29, 2027
  • June 28, 2027
  • September 27, 2027
  • December 27, 2027
  • March 27, 2028
  • June 26, 2028
  • September 25, 2028
  • December 25, 2028
  • April 17, 2029 (Maturity)

Security Details

The Debentures are secured by an exclusive charge created via a deed of hypothecation over a specific portfolio of receivables (termed "Hypothecated Assets").

A Minimum Security Cover of 1.10 times must be maintained on the outstanding principal amounts of the NCDs plus accrued interest at all times during the tenure of the NCDs.

Default Interest Clause

In case of a delay in payment of interest or principal for a period of more than three months from the due date, a default interest rate of 2.00% over the Coupon Rate will be applicable until the default is cured.

Other Instrument Features

  • Special Rights/Privileges: None attached to the instrument.
  • Rating/Comments: Details of any letter or comments regarding payment/non-payment are noted as "Not Applicable."
  • Redemption Details: The NCDs will be redeemed in accordance with the Debenture Trust Deed executed between the issuer and the Debenture Trustee.