Muthoot Microfin Ltd Approves Issuance of Non-Convertible Debentures via Private Placement
The Debenture Issue and Allotment Committee of Muthoot Microfin Ltd approved the issuance of Non-Convertible Debentures (NCDs) on a Private Placement basis. This approval was reached during a committee meeting held on April 08, 2026.The committee approved the issuance of up to 7161 Listed, Rated, Secured, Redeemable Non-Convertible Debentures. These NCDs have a nominal value of ₹100000 (One Lakh) each, resulting in an aggregate nominal value of ₹71,61,00,000 (Indian Rupees Seventy-One Crores Sixty-One Lakh). The aggregate value of the NCDs is equivalent to USD 7.7 million, based on the current exchange rate.
Key Details of the Proposed NCD Issuance
The issuance details confirm the following key parameters for the Non-Convertible Debentures:| Particulars | Details |
|---|---|
| Type of Securities | Listed, Rated, Secured, Redeemable Non-Convertible Debentures (NCDs) |
| Type of Issuance | Private Placement |
| Total Nominal Value | ₹71,61,00,000 (Indian Rupees Seventy-One Crores Sixty-One Lakh) |
| NCD per Unit | ₹100000 (One Lakh) |
| Listing Exchange | BSE Limited |
| Tenure | 29 months, with a tentative allotment date of April 28, 2026, and a tentative maturity date of September 30, 2028 |
| Coupon/Interest Rate | 8.50% (Eight point Five Zero percentage) per annum |
| Security Charge | A first ranking and exclusive charge of 1.00x over receivables, including present and future receivables, which are free from any encumbrances/charge/lien. |
The interest offered on the debentures is set at 8.50% per annum. The security provided for the NCDs is a first ranking and exclusive charge amounting to 1.00x over the company's receivables, covering both present and future amounts, which must be free from any existing encumbrances, charges, or liens.
The committee specified that there are no special rights, interests, or privileges attached to the instrument, nor are there details regarding potential delays in interest or principal payments beyond a period of three months from the due date. The debentures are noted as not being applicable for redemption of preference shares.
MUTHOOTMF Stock Price Movement
Today, Muthoot Microfin Limited shares edged higher to close at ₹166.98, marking a gain of 7.93%. The stock saw significant activity, closing on a volume of 307,635 shares near its intraday high of ₹170.Source:
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