Muthoot Capital Services Limited has informed the Exchange regarding Outcome of Committee Meeting held on June 26, 2025.
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Muthoot Capital Services Limited's Debenture Issue and Allotment Committee approved the issuance of up to ₹100 crore of Rated, Listed, Senior, Secured, Redeemable, Taxable Non-Convertible Debentures on a private placement basis. The issue comprises 10,000 NCDs with a face value of ₹1,00,000 each, carrying a coupon of 10.35% per annum paid monthly, with principal repaid quarterly. The NCDs have a tenure of 21 months, with allotment on July 3, 2025 and maturity on April 3, 2027, and will be listed on BSE. Security is backed by a first-ranking pari-passu charge on the company's loan receivables, maintained at 1.2x of the outstanding redemption amount.
This is a routine debt-raising move that adds ₹100 crore to the company's borrowings at a 10.35% coupon. For equity shareholders, it slightly increases leverage and interest costs but is within board-approved limits and secured by existing loan assets, so impact on stock price is expected to be neutral.