Muthoot Capital Services Limited — Important, 18-08-2026: Committee Meeting Updates

Muthoot Capital Services' Debenture Committee has approved issuing Senior, Secured, Rated, Listed, Redeemable, Taxable, Transferrable, Non-Convertible Debentures (NCDs) up to ₹100 Crores through private placement. These 100,000 NCDs, each ₹10,000 face value, have a 36-month tenure and offer a 9.25% annual coupon, paid monthly. The NCDs will list on BSE and are secured by loan receivables and current assets with a 1.1x asset coverage. A key feature includes a coupon rate step-up/step-down based on rating changes, providing a safety net for investors. This issuance boosts the company's funding for operations.