Satin Creditcare Network Limited has raised INR 200 crore in subordinated Tier II capital for a tenure of 7 years, reinforcing its capital base to support sustained growth momentum across its businesses. The announcement was made on May 7, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

In a period marked by sector-wide moderation, the company has continued to deliver steady growth and improved operating performance, with its subsidiaries also gaining strong traction. The long-tenor subordinated structure enhances capital adequacy and provides a prudent buffer for expansion, enabling the company to deploy growth capital efficiently across its core and emerging platforms.

Strategic Capital Management

At a strategic level, the transaction reflects a calibrated approach to capital management—aligning long-term funding with growth requirements while maintaining flexibility in capital planning. It allows the company to support near-term scale without compromising optionality around future capital actions, ensuring alignment with value creation objectives.

Deployment of Proceeds

The proceeds will be directed towards expanding high-impact lending segments, including Income Generating Loans (IGL) and Water, Sanitation and Hygiene (WASH) financing, alongside supporting the growth of its subsidiaries. This further strengthens the company's position as a diversified, impact-led financial services platform.

Key Financial Details

The following table summarises the key parameters of the capital raise:

Commenting on the development, Dr. HP Singh, Chairman cum Managing Director, Satin Creditcare Network Limited, said: "This raise reflects the strength of our operating performance and the confidence our partners have in our long-term strategy. We have remained focused on disciplined growth despite sector conditions, and this capital provides the right foundation to accelerate from here. Our approach to capital remains measured and aligned with long-term value creation, ensuring we scale efficiently while retaining flexibility for future opportunities."

About Satin Creditcare Network Limited

Satin Creditcare Network Limited is a leading microfinance institution (MFI) in the country with presence in 27 states, 5 union territories and over 1,00,000 villages. The company's mission is to be a leading micro financial institution by providing a comprehensive range of products and services for the financially under-served community. The group also offers financial products in the Non-MFI segment, comprising loans to MSMEs and affordable housing loans. As on 31st March 2026, Satin Creditcare had 2,015 branches and a headcount of 16,212, serving 33.7 lakh clients at a consolidated level.

Subsidiary Overview

The following table outlines the company's key subsidiaries and their focus areas:

Satin Creditcare Network Limited 's Working Committee of the Board of Directors, in its meeting held on Wednesday, May 6, 2026, considered and approved the terms and conditions for the issuance of secured, rated, listed, redeemable, United States Dollar denominated bonds on a private placement basis. The meeting commenced at 07:30 P.M. and concluded at 08:05 P.M. This development follows the company's earlier intimation dated April 30, 2026, and has been disclosed under Regulations 30 and 51 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Bond Issuance Details

The approved issuance covers up to 2,000 secured, rated, listed, redeemable, United States Dollar denominated bonds, each with a face value of USD 10,000, aggregating up to USD 20,000,000. The bonds are proposed to be listed on NSE IFSC Limited (NSE IX) and/or the India International Exchange (IFSC) Limited (India INX). The following table summarises the key parameters of the bond issue:

Coupon and Interest Structure

The bonds carry a coupon rate of 310 basis points plus the 6-month Term SOFR, to be determined on the Quotation Day. Interest is payable on a semi-annual basis on each interest payment date, in accordance with the Subscription Agreement to be executed between the company and the bondholder(s). In the event of a payment default or event of default, the company has agreed to pay an additional interest rate of 2% per annum above the applicable interest rate on the outstanding principal amount, from the date of such default until it is cured.

Security and Redemption Terms

The outstanding amounts on the bonds will be secured by way of a first ranking exclusive and continuing charge, created pursuant to an unattested deed of hypothecation executed by the company in favour of the trustee. This charge will be over certain identified book debts and loan receivables of the company, with a security cover of up to 1.05x of the outstanding principal amounts. The bonds shall be redeemed at par on the Maturity Date, with the company making payment of the outstanding principal amounts on a pari passu basis, including upon the occurrence of an event of default, in accordance with the Transaction Documents.

Regulatory Compliance and Signatories

The intimation was submitted in compliance with the SEBI master circular bearing reference number HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, as well as the SEBI circular bearing reference number SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The communication was digitally signed by Vikas Gupta, Company Secretary and Chief Compliance Officer of Satin Creditcare Network Limited, and addressed to the managers of both NSE and BSE for their information and record.

Source: None/Company/INE836B01017/13026d6822a54ca2.pdf