MAS Financial Services Limited disclosed the outcome of its Finance Committee meeting held on July 27, 2026, regarding the allotment of non-convertible debentures (NCDs) through a private placement.

The Finance Committee allotted 1,50,000 (One Lakh and Fifty Thousand) rated, listed, senior, secured, redeemable, transferable, taxable, non-convertible debentures with a face value of ₹10,000 each, aggregating to ₹150,00,00,000 (One Hundred and Fifty Crore).

Key Instrument Details:

  • Type: Rated, listed, senior, secured, redeemable, transferable, taxable, non-convertible debentures
  • Issue Type: Private Placement
  • Rating: CARE AA-/Stable by CARE Ratings Limited
  • Listing: Proposed to be listed on the Wholesale Debt Market segment of BSE Limited
  • Issue Price: ₹10,000 per debenture
  • Allotment Date: July 27, 2026 (Deemed Date of Allotment)
  • Maturity Date: December 18, 2028 (Final Redemption Date)
  • Tenure: 28 months and 21 days from allotment date
  • Coupon Rate: 9% per annum payable monthly
  • Interest Payment: Payable monthly in accordance with the debenture trust deed (DTD)
  • Principal Payment: Payable on Final Redemption Date in accordance with the DTD

Security Details:

The debentures are secured by: (a) a first ranking exclusive and continuing charge created in favour of the debenture trustee over certain identified book debts/receivables (including loan receivables and receivables from proceeds of any investments made by the Company), and (b) such other security interest as may be agreed between the Company and the holders of the Debentures. The value of the Hypothecated Assets shall at all times be at least 1.10 times the value of the outstanding amounts in respect of the Debentures.

Default Provisions:

In case of payment default, additional interest at 2% per annum over the prevailing Interest Rate will be payable on the defaulted amounts from the date of occurrence until the default is cured or the debentures are redeemed.

Regulatory References:

The disclosure is made pursuant to Regulation 30 and other applicable provisions of SEBI LODR Regulations and Chapter V and Annexure 18 of the SEBI Master Circular reference number SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The document was signed by Riddhi Bhaveshbhai Bhayani, Company Secretary & Chief Compliance Officer (Membership No.: A41206) on July 27, 2026.