Muthoot Capital Services Limited has informed the Exchange regarding Outcome of Committee Meeting held on July 09, 2025.
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The Debenture Issue and Allotment Committee of Muthoot Capital Services Limited, at its meeting on July 9, 2025, approved the issue and allotment of rated, listed, senior, secured, redeemable, taxable Non-Convertible Debentures (NCDs) on a private placement basis. The total issue size is up to ₹125 crores, comprising 12,500 NCDs with a face value of ₹1,00,000 each. The NCDs carry a coupon of 9.50% per annum, payable monthly, with a bullet principal repayment at the end of the 24-month tenure. The deemed allotment date is July 15, 2025, and maturity is July 15, 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.
The ₹125 crore NCD raise will strengthen Muthoot Capital's funding base for lending operations. The 9.50% coupon is in line with current market rates for NBFC NCDs, so this is a routine debt raise with no significant dilution for equity shareholders.