Muthoot Capital Services Limited has informed the Exchange about Issue of Securities
MUTHOOTCAP · price
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On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 1.9 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Muthoot Capital Services has approved the issue and allotment of 15,000 senior, secured, listed, redeemable Non-Convertible Debentures (NCDs) of ₹1 lakh each, aggregating up to ₹150 crores, on a private placement basis. The NCDs will carry a coupon of 10.00% per annum, paid monthly, with the principal repayable in a bullet payment at maturity. The tenure is 24 months, with allotment on July 29, 2025 and maturity on July 29, 2027. The NCDs will be listed on BSE and are secured by a first-ranking pari passu charge on the company's book debts and loan receivables, with a minimum 1.1x asset cover maintained at all times. The decision was taken by the company's Debenture Issue and Allotment Committee on July 24, 2025.
This is a debt-raising move and not an equity dilution event, so existing shareholders face no change in their ownership. The 10% coupon rate is in line with current market rates for such secured NCDs, and the 24-month bullet structure keeps refinancing risk manageable in the short term. Investors should watch for how the fresh borrowing is deployed and its effect on the company's leverage and lending book.