Muthoot Capital Services Ltd (MUTHOOTCAP) — Board Meeting | 16 September 2026 (2 announcements)

Muthoot Capital Services approved issuing up to ₹150 crores of senior secured redeemable non-convertible debentures via private placement, with a base size of ₹75 crores and green shoe option of ₹75 crores, coupon rate of 9.25% payable quarterly, 24-month tenure, and maturity on September 22, 2028, along with pari passu security over assets and step-up provisions tied to rating changes.

Muthoot Capital Services approved issuing up to ₹150 crores of senior secured redeemable non-convertible debentures via private placement on September 16, 2026. The base issue size is ₹75 crores with a ₹75 crore green shoe option, carrying a 9.25% coupon payable quarterly over 24 months. The debentures are deemed allotted on September 23, 2026, with maturity on September 22, 2028, and will be listed on BSE. Security is pari passu with existing secured creditors against loan receivables and current assets, requiring a minimum 1.1x asset coverage ratio. Coupon adjustments of ±25 basis points apply per rating notch downgrade or upgrade, with no rate below the initial 9.25%.