Muthoot Microfin Limited has informed the Exchange regarding Outcome of Committee Meeting held on April 08, 2026.
MUTHOOTMF · price
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Muthoot Microfin's Debenture Issue and Allotment Committee has approved the issuance of up to 7,161 Listed, Rated, Secured, Redeemable Non-Convertible Debentures (NCDs) with a face value of ₹1 lakh each. The total aggregate value is ₹71.61 crore (approximately USD 7.7 million), to be issued via private placement and listed on BSE Limited. The NCDs carry a coupon rate of 8.50% per annum payable quarterly, with a tenure of 29 months from the date of allotment (tentatively September 30, 2028). The outstanding principal is secured by a first-ranking exclusive charge of 1.00x over the company's receivables.
The NCD issuance provides Muthoot Microfin with debt capital for its lending operations. The 8.50% coupon rate is moderate and in line with market rates for secured microfinance debt, suggesting no immediate financial stress. Existing equity shareholders should note increased debt obligations on the company's balance sheet.