Nature of the Event

The Finance Committee of the Board of Directors, in a meeting held on October 12, 2026, approved the allotment of 60,000 Listed, Rated, Senior, Secured, Transferable, Redeemable, Non-Convertible Debentures (NCDs) on a private placement basis.

Key Quantitative Figures

  • Face Value per NCD: ₹10,000
  • Total Aggregate Face Value: ₹60,00,00,000 (Rupees Sixty Crores Only)
  • Number of NCDs Allotted: 60,000 (Sixty Thousand)
  • Coupon/Interest Rate: 10.50% per annum
  • Tenure: 27 months
  • Date of Allotment: October 12, 2026
  • Date of Maturity: January 12, 2029

Instrument Details

  • Type of Issuance: Private Placement
  • Listing: The NCDs are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.
  • Security: The debentures are secured by an exclusive charge created via a deed of hypothecation over a specific portfolio of receivables (Hypothecated Assets). A minimum security cover of 1.10 times the outstanding principal plus accrued interest must be maintained throughout the tenure.
  • Default Interest: In case of a delay in payment of interest or principal for more than three months, an additional interest of 2.00% over the coupon rate will be applicable until the default is cured.
  • Special Rights: None attached to the instrument.

Payment Schedule

The principal and interest will be repaid monthly. The specific payment dates provided are:

  • 2026: November 12, December 12
  • 2027: January 12, February 12, March 12, April 12, May 12, June 12, July 12, August 12, September 12, October 12, November 12, December 12
  • 2028: January 12, February 12, March 12, April 12, May 12, June 12, July 12, August 12, September 12, October 12, November 12, December 12
  • 2029: January 12 (Maturity Date)

Parties Involved

  • Issuer: Manba Finance Limited
  • Stock Exchanges: National Stock Exchange of India Ltd. and BSE Limited.

Financial Impact

The issuance represents a debt fundraising activity of ₹60 Crore for the company. The financial impact of the interest expense and principal repayment schedule is explicitly detailed.