Muthoot Capital Services Ltd (MUTHOOTCAP) — Corporate Action | 23 September 2026

Muthoot Capital Services announced on September 23, 2026, the allotment of 15,000 non-convertible debentures (NCDs) with a face value of ₹1 lakh each, raising up to ₹150 crores via private placement. The NCDs carry a 9.25% coupon payable quarterly, with a 24-month tenure maturing on September 22, 2028. The base issue size is ₹75 crores, complemented by a ₹75 crore green shoe option. The securities are listed on BSE, with repayment due in a lump sum at maturity. 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, but the rate will not fall below the initial 9.25%.