Muthoot Microfin Limited has formally announced the approval of Non-Convertible Debentures (NCDs) worth ₹71.61 crores through its Debenture Issue and Allotment Committee meeting held on April 8, 2026. The committee approved the issuance under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, marking a significant debt financing initiative through private placement.

NCD Issuance Structure and Details

The committee approved the issuance of up to 7,161 Listed, Rated, Secured, Redeemable Non-Convertible Debentures, each carrying a face value of ₹100,000. The aggregate nominal value amounts to ₹71,61,00,000, with the company noting that this corresponds to USD 7.7 million based on current exchange rates.

Financial Terms and Investment Features

The NCDs offer a coupon rate of 8.50% per annum with quarterly payment schedule. The instruments carry a tenure of 29 months, with tentative allotment scheduled for April 28, 2026, and maturity expected around September 30, 2028.

Security Structure and Compliance

The NCDs are secured by a first ranking and exclusive charge of 1.00x over the company's receivables, including present and future receivables that are free from encumbrances. The committee meeting commenced at 3:00 PM and concluded at 3:20 PM, with formal notification sent to both BSE Limited and National Stock Exchange of India Limited as per regulatory requirements.

Corporate Governance and Communication

The outcome was formally communicated by Neethu Ajay, Chief Compliance Officer and Company Secretary, ensuring full regulatory compliance under SEBI Master Circular guidelines. Muthoot Microfin Limited operates with its registered office at the 13th Floor, Parinee Crescenzo, Bandra Kurla Complex, Mumbai, and maintains its administrative office at Muthoot Towers in Kochi, Kerala.

Source: Company/INE046W01019/e33ca87c-adc8-406c-b21f-1b1c2a2dd507.pdf

Muthoot microfin Limited has successfully secured shareholder approval for the issuance of ₹2000 crore debentures through private placement, following a postal ballot process that concluded on March 16, 2026. The special resolution received overwhelming support from shareholders, with the company formally notifying stock exchanges BSE and NSE about the voting results and outcome under SEBI regulations.

Postal Ballot Results

The voting results revealed decisive shareholder support for the debenture issuance proposal, as confirmed by the scrutinizer's report. The comprehensive voting breakdown demonstrates the extent of approval across different shareholder categories.

Category-wise Voting Pattern

The voting pattern across different shareholder categories demonstrated broad-based support for the proposal. Promoter and promoter group shareholders showed unanimous support with 100% votes in favour, while institutional and non-institutional public shareholders also voted favourably.

Regulatory Compliance and Documentation

The company has fulfilled all regulatory requirements under SEBI (LODR) Regulations 2015, with formal intimation sent to both BSE Limited and National Stock Exchange of India Limited. The postal ballot was conducted entirely through remote e-voting process, with CS Puzhankara Sivakumar of SEP & Associates serving as the appointed scrutinizer.

Voting Process and Timeline

The postal ballot process was conducted entirely through NSDL's remote e-voting platform, following regulatory guidelines under the Companies Act, 2013. The company dispatched the postal ballot notice dated February 12, 2026, to eligible shareholders whose names appeared on the register as of the cut-off date of February 6, 2026.

The remote e-voting facility commenced on February 13, 2026 at 09:00 AM and concluded on March 14, 2026 at 05:00 PM. The company published advertisements in Business Standard (English) and Navarashtra (Marathi) newspapers on February 13, 2026, ensuring proper disclosure and transparency.

Debenture Issuance Framework

The approved resolution enables Muthoot Microfin Limited to issue debentures worth ₹2000 crore through private placement. The debentures can be issued in one or more tranches or series from time to time, providing the company with flexibility in its fundraising approach based on market conditions and business requirements. The scrutinizer confirmed that the resolution was passed with the requisite majority, meeting all regulatory requirements under the Companies Act, 2013 and SEBI regulations.