MAS Financial Services Limited has informed the Exchange regarding allotment of 10000 securities pursuant to Non Convertible Securities at its meeting held on March 25, 2026
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MAS Financial Services has allotted 10,000 rated, listed, senior, secured, redeemable, non-convertible debentures (NCDs) on a private placement basis, each with a face value of ₹1,00,000, aggregating to ₹100 crore. The NCDs carry a coupon of 8.60% per annum, payable monthly, and have a tenure of 36 months with maturity on March 25, 2029. Principal will be redeemed quarterly starting June 25, 2026. The debentures are rated CARE AA-/Stable and will be listed on the Wholesale Debt Market segment of BSE. The issue is secured by a first-ranking exclusive charge on identified receivables of the company, maintained at 1.10 times the outstanding debenture value.
The company is raising ₹100 crore of debt capital at a competitive 8.60% rate, reflecting strong credit quality (AA- rating) and likely healthy investor demand. For equity shareholders, this expands the company's debt base, which may modestly pressure earnings due to higher interest costs, but supports business growth funding.