Muthoot Capital Services Allots ₹150 Crore Non-Convertible Debentures
Muthoot Capital Services Limited has approved the allotment of 15,000 Non-Convertible Debentures (NCDs) worth ₹150 Crores on a private placement basis. The NCDs carry a coupon rate of 9.25% p.a., payable quarterly, and will be listed on BSE. The allotment was approved on June 30, 2026.
The issuance of ₹150 Crores in debt can impact the company's leverage and financial structure, making it a medium impact event.
The announcement details the allotment of NCDs, which is a standard debt fundraising activity. It does not contain any information that would suggest a significant positive or negative impact on the company's financial performance or stock price.
Muthoot Capital Services Limited announced the approval of the allotment of 15,000 Senior, Secured, Rated, Listed, Redeemable, Taxable, Transferrable, Non-Convertible Debentures (NCDs) on a private placement basis. Each NCD has a face value of ₹1,00,000, aggregating to a total of ₹150 Crores.
The Debenture Issue and Allotment Committee approved this allotment on June 30, 2026. The NCDs carry a coupon rate of 9.25% per annum, payable quarterly, and are intended to be listed on BSE Limited. The tenure of the NCDs is 24 months, with a deemed date of allotment as June 30, 2026, and a deemed date of maturity as June 30, 2028. The issuance was conducted in accordance with the terms specified in the relevant transaction documents.
The NCDs are secured on a pari passu basis with existing secured creditors on standard loan receivables and current assets, both present and future. A minimum asset coverage ratio of 1.1 times the value of outstanding amounts will be maintained until redemption. In case of default in payment of interest or principal, a default interest rate of 1% over the coupon rate per annum will apply.
What to do with a filing like this
Muthoot Capital Services Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Muthoot Capital Services Limited. Read the original for the full detail.