Muthoot Capital Services Limited disclosed the allotment of Non-Convertible Debentures (NCDs) through a regulatory filing pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Debenture Issue and Allotment Committee approved the allotment on September 23, 2026, during a meeting that commenced at 12:00 p.m. and concluded at 12:30 p.m.

Issuance Details

  • Type of Securities: Senior, Secured, Rated, Listed, Redeemable, Taxable, Transferrable, Non-Convertible Debentures (NCDs)
  • Type of Issuance: Private Placement
  • Total Number: 15,000 NCDs
  • Face Value: ₹1,00,000 per NCD
  • Total Issue Size: ₹150 Crores (Rupees One Hundred and Fifty Crores only)
  • Base Issue Size: ₹75 Crores (Rupees Seventy-Five Crores only)
  • Green Shoe Option: ₹75 Crores (Rupees Seventy-Five Crores only)
  • Listing: BSE Limited
  • Tenure: 24 months
  • Deemed Date of Allotment: September 23, 2026
  • Deemed Date of Maturity: September 22, 2028

Financial Terms

  • Coupon Rate: 9.25% per annum
  • Coupon Frequency: Quarterly payments
  • Principal Payment Frequency: Bullet payment at maturity
  • Default Interest Rate: 2% p.a. over and above the Coupon Rate if payment delay exceeds three months from due date

Security Details

  • Charge: Pari passu with existing secured creditors on standard loan receivables and current assets (both present and future)
  • Asset Coverage Ratio: Minimum 1.1 times of outstanding Debenture amounts, to be maintained at all times until redemption
  • Debenture Trustee: To hold security on pari passu basis among present and/or future NCD holders

Special Features

  • Rating Linked Coupon Adjustment: Step up of up to 25 basis points for each notch downgrade from current 'AA-' rating during tenor. If rating is upgraded after downgrade, coupon decreases by 25 basis points for each notch upgrade up to restoration of 'AA-' rating. Coupon rate shall never go below initial Coupon Rate of 9.25%.

Additional Information

  • No comments regarding payment/non-payment of interest or principal on due dates
  • Redemption details to be mutually agreed between parties
  • The disclosure was signed by Deepa Gopalakrishnan, Company Secretary & Compliance Officer (Membership No.: A68790) on September 23, 2026 at 12:31:09