Muthoot Microfin Limited announced the approval of the issuance of Non-Convertible Debentures (NCDs) on a private placement basis. The Debenture Issue and Allotment Committee, in its meeting held on April 08, 2026, sanctioned the issuance of up to 7161 listed, rated, secured, redeemable NCDs. Each NCD has a nominal value of ₹1,00,000, aggregating to a total value of ₹71,61,00,000 (Seventy-One Crores Sixty-One Lakhs). The aggregate value of these NCDs is equivalent to USD 7.7 million, which translates to approximately ₹71,61,00,000 based on the current exchange rate. The meeting of the committee commenced at 03:00 PM and concluded at 03:20 PM on April 08, 2026. The NCDs are proposed to be listed on BSE Limited. The tenure of the instrument is 29 months, with a tentative allotment date of April 28, 2026, and maturity expected around September 30, 2028. The NCDs will carry an interest rate of 8.50% per annum, payable quarterly. The outstanding principal amount will be secured by a first-ranking and exclusive charge over the company's receivables.
