Muthoot Capital Services Limited has informed the Exchange regarding Outcome of the Meeting of Debenture Issue and Allotment Committee held on June 11, 2025.
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Muthoot Capital Services' Debenture Issue and Allotment Committee approved the issue and allotment of up to ₹50 crore worth of Non-Convertible Debentures (NCDs) on a private placement basis. The issue comprises 5,000 NCDs with a face value of ₹1,00,000 each, carrying a coupon of 10% per annum paid monthly, with principal repayable at maturity. The NCDs are rated, listed (on BSE), senior, secured, and redeemable, with a 24-month tenure (allotment on June 17, 2025, maturing June 17, 2027). The debentures are secured by a first pari passu charge on the company's loans and receivables, with a security cover of 1.15 times the outstanding amount. The size of ₹50 crore is within limits already approved by the Board.
This is a routine, relatively small debt raise by the NBFC within pre-approved Board limits, suggesting continued access to funding markets at a 10% coupon. The impact on equity shareholders is neutral to mildly positive, as it supports business growth without equity dilution.