Muthoot Capital Services Approves Issuance of ₹100 Crore NCDs
Muthoot Capital Services Limited approved the issuance of up to ₹100 Crores in Non-Convertible Debentures (NCDs) via private placement. The NCDs carry a 9.25% annual coupon, payable monthly, with principal due in a lump sum after 36 months. The deemed allotment date is August 24, 2026.
The issuance of NCDs up to ₹100 Crores is a significant amount for a non-banking financial company, indicating a need for capital. This could impact the company's leverage and financial structure.
The announcement is a routine debt fundraising activity and does not contain any information that would significantly impact the company's financial performance or stock price in a positive or negative way.
Muthoot Capital Services Limited announced on August 18, 2026, that its Debenture Issue and Allotment Committee has approved the issuance and allotment of Senior, Secured, Rated, Listed, Redeemable, Taxable, Transferrable, Non-Convertible Debentures (NCDs) up to ₹100 Crores.
The issuance will be on a private placement basis, within the limits previously approved by the Board of Directors. The NCDs will have a face value of ₹10,000 each, aggregating to ₹100 Crores. The tenure of the instrument is 36 months, with a coupon rate of 9.25% per annum, payable monthly. The principal will be repaid on a bullet basis. The deemed date of allotment is August 24, 2026, and the deemed date of maturity is August 24, 2029.
The NCDs will be listed on BSE Limited. Security created over the assets will be pari passu with existing secured creditors on loan receivables and current assets. The issue includes provisions for a step-up in coupon rate for rating downgrades and a default interest rate of 2% per annum over the coupon rate in case of delayed payments.
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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.