Muthoot Capital Services Approves ₹200 Cr NCD Issue

Muthoot Capital Services Limited's Debenture Issue and Allotment Committee has approved the issuance and allotment of Senior, Secured, Rated, Listed, Redeemable, Taxable, Transferrable, Non-Convertible Debentures (NCDs) up to ₹200 Crores (Rupees Two Hundred Crores only) on a private placement basis. The NCDs will have a tenure of 36 months, with a coupon rate of 9.25% per annum, payable monthly. The deemed date of allotment is October 14, 2026, and the deemed date of maturity is October 14, 2029. The issuance is secured on a pari passu basis with existing secured creditors on loan receivables and current assets, with a minimum asset coverage ratio of 1.1 times. A step-up in coupon of up to 25 basis points is applicable for each notch downgrade in rating from 'AA-'. A default interest rate of 2% p.a. over the coupon rate will apply in case of delayed payments.