Muthoot Capital Services has confirmed the allotment of senior, secured, rated, listed, redeemable, taxable, transferrable, and non-convertible debentures (NCDs) up to ₹100 crore on a private placement basis. The Debenture Issue and Allotment Committee of the Board of Directors approved the issue and allotment during a meeting held on Tuesday, August 18, 2026. The company disclosed the transaction pursuant to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The proposed issue comprises 1,00,000 NCDs with a face value of ₹10,000 each, aggregating to ₹100 crore. The instruments are slated for listing on BSE Limited. The deemed date of allotment is set for August 24, 2026, while the maturity date is fixed for August 24, 2029, giving the instruments a tenor of 36 months.

Issue structure and terms

The NCDs carry a coupon rate of 9.25% per annum, payable monthly. Principal repayment follows a bullet payment structure at maturity. The securities are secured by a pari passu charge on the issuer's standard loan receivables and current assets, both present and future, held in favour of the Debenture Trustee. A minimum asset coverage ratio of 1.1 times the outstanding value of the debentures must be maintained throughout their tenor.

Rating and default provisions

The debentures carry a credit rating of 'AA-'. The instrument includes a step-up clause that increases the coupon by up to 25 basis points for each notch downgrade in the rating during the tenor. Conversely, if the rating is upgraded after a downgrade, the coupon decreases by 25 basis points for each notch upgrade, though it cannot fall below the initial coupon rate.

In the event of a default, defined as a delay in interest or principal payment for more than three months, the issuer will be liable to pay a default interest rate of 2% per annum over and above the coupon rate for the defaulting period.

Muthoot Capital Services has published the notice for its 32nd Annual General Meeting (AGM) in Mangalam and Business Line on August 08, 2026, pursuant to Regulation 30 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting is scheduled for Monday, August 31, 2026, at 11:00 a.m. (IST) via Video Conferencing or Other Audio-Visual Means (OAVM). This publication ensures that shareholders who may not have received electronic communications are informed of the upcoming governance proceedings.

The AGM will transact ordinary business, including the adoption of audited standalone financial statements for the financial year ended March 31, 2026 (FY26). Special business items include the appointment of Ms. Manimekhalai A as an Independent Director and the re-appointment of Mrs. Shirley Thomas. Additionally, Ms. Susan John, a Non-Executive Director, offers herself for re-appointment by rotation. The company has engaged Central Depository Services (India) Limited (CDSL) to facilitate remote e-voting.

Key AGM Dates and Voting Details

Shareholders holding shares as on the cut-off date of Monday, August 24, 2026, are eligible to vote. Remote e-voting commences on Thursday, August 27, 2026, at 9:00 a.m. (IST) and concludes on Sunday, August 30, 2026, at 5:00 p.m. (IST). Members who have already cast votes remotely may attend the meeting but cannot vote again. Physical attendance is dispensed with, and proxy appointments are not available.

Board Appointments and Governance

The Nomination and Remuneration Committee recommended the appointment of Ms. Manimekhalai A (DIN: 08411575) as an Independent Director for a first term of five years, effective July 16, 2026. She brings extensive experience from her role as Managing Director and CEO of Union Bank of India. Mrs. Shirley Thomas (DIN: 08586100) is up for re-appointment as an Independent Director for a second term of five years, commencing November 25, 2026. Her tenure supports continued governance stability across multiple committees, including Audit and Risk Management.

Shareholder Instructions

The Annual Report and AGM Notice are accessible electronically at www.muthootcap.com , www.bseindia.com , www.nseindia.com , and www.evotingindia.com . Members without registered email addresses will receive an intimation letter with web links as per Regulation 36(1)(b) of the Listing Regulations. Physical shareholders must update their contact details using Form ISR-1 with Integrated Registry Management Services Private Limited to ensure receipt of future communications. Corporate members must upload certified copies of Board Resolutions or Authorization Letters to the CDSL portal or email them to the Scrutinizer, Mr. S Sandeep (FCS 5853 / COP 5987) of M/s. S Sandeep and Associates.