Muthoot Capital Services Limited has informed the Exchange regarding Outcome of Debenture Issue and Allotment Committee Meeting held on September 25, 2025.
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Muthoot Capital Services Limited has approved the issue and allotment of up to ₹25 crore worth of unsecured, rated, subordinated, listed, redeemable non-convertible debentures (NCDs) on a private placement basis. The issue comprises 25,000 NCDs with a face value of ₹10,000 each, to be listed on BSE. The debentures carry a coupon of 10.75% per annum, payable monthly, with a bullet principal repayment at maturity after a tenure of about 65 months 28 days (allotment date September 30, 2025, maturity March 28, 2031). The instrument is unsecured and forms part of Tier II capital given its subordinated nature.
The NCD issuance helps the company raise long-term funds to support lending operations, with the subordinated status likely qualifying it as Tier II capital, which is positive for capital adequacy. For shareholders, the 10.75% coupon is competitive in current markets, and there is no immediate dilution since these are non-convertible instruments.