Motilal Oswal Financial Services will hold a Finance Committee meeting on September 24, 2026, to consider raising capital through the issuance of Non-Convertible Debentures. The proposed fund-raising is set to be executed on a private placement basis, potentially in one or more tranches.

Corporate Action Details

The company notified the stock exchanges of the upcoming meeting pursuant to Regulation 29 and Regulation 50 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The agenda includes the approval of the debt issuance structure and terms.

The disclosure was signed by Kailash Purohit, Company Secretary and Compliance Officer, on September 21, 2026. No specific amount, coupon rate, or tenor for the debentures was disclosed in the initial notice.

Motilal Oswal Financial Services allotted ₹79 crore worth of non-convertible debentures (NCDs) through a private placement on September 16, 2026. The Finance Committee of the Board approved the issuance during a meeting held that day.

The company issued 7,900 fully paid, secured, rated, redeemable, listed senior bonds. Each bond carries a face value of ₹1,00,000. The instruments will be listed on the National Stock Exchange of India Limited (NSE).

Issue Structure and Terms

The NCDs have a tenure of five years, maturing on September 16, 2031. The coupon rate is fixed at 8.7% per annum, payable annually. Interest payments are scheduled for September 16 each year from 2027 until maturity. The principal amount will be repaid in full upon redemption in 2031.

Security and Compliance

The debt instruments are secured by a first-ranking, pari passu charge by way of hypothecation over all present and future receivables of the company. This security excludes receivables specifically charged to existing holders. The company is required to maintain a minimum security cover of 1.00 times the outstanding principal amount plus accrued interest until maturity.

The filing confirms there is no delay or default in the payment of interest or principal on any existing NCDs. No regulatory letters or comments regarding payment defaults were received. The issuance complies with Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as well as the SEBI Master Circular dated July 11, 2023.