Muthoot Capital Services Limited has successfully issued commercial paper worth ₹15 crores on December 16, 2025, and has now received listing approval from BSE Limited. The Kerala-based non-banking financial company completed this debt instrument issuance to strengthen its funding position and has secured the necessary regulatory approvals for trading.

Commercial Paper Details

The commercial paper issuance comes with specific terms and conditions that reflect current market dynamics. The following table outlines the key parameters of this debt instrument:

BSE Listing Approval

Muthoot Capital Services Limited has received formal approval from BSE Limited for listing the commercial paper. The company communicated this development through a regulatory filing dated December 17, 2025, confirming that the commercial paper will trade under scrip code 730789 on the BSE platform. This approval enables secondary market trading of the instrument.

Investor Allocation

The commercial paper has been allocated to two private investment entities. Bhupati Investments and Finance Private Limited and Ultra Corpotech Private Limited are the allottees for this ₹15 crore issuance. The allocation to these specific investors indicates targeted placement rather than a broad market offering.

Credit Rating and Pricing

The commercial paper carries a CRISIL A1 credit rating, which represents the highest safety grade for short-term debt instruments. This rating reflects the company's strong creditworthiness and ability to meet its short-term obligations. The pricing at ₹98.11 per unit with an 8.26% discount rate follows FIMMDA convention, ensuring market-standard pricing methodology.

Regulatory Compliance

Muthoot Capital Services Limited has fulfilled its disclosure obligations by informing both BSE Limited and National Stock Exchange of India about this commercial paper issuance and subsequent listing approval. The disclosure was signed by Deepa G, Company Secretary and Compliance Officer, ensuring proper corporate governance protocols were followed. This commercial paper issuance represents a standard funding mechanism for the company, providing short-term capital with a maturity period of approximately three months from the allotment date.

Muthoot Capital Services Limited has successfully secured listing approval from BSE Limited for its commercial paper worth ₹15.00 crores, following the initial issuance announced on December 12, 2025. The company informed stock exchanges about the listing approval on December 15, 2025, in compliance with regulatory requirements.

Commercial Paper Issuance Details

The commercial paper was initially issued with specific terms that reflect the company's strong market positioning and creditworthiness.

BSE Listing Specifications

Following the successful issuance, BSE Limited has approved the listing of the commercial paper with the following specifications:

Allottee Information

The commercial paper was strategically allocated to two institutional investors, demonstrating selective placement to qualified entities:

• York Transport Equipment (India) Private Limited
• Essvee Investments Private Limited

The ECRIS IA+ credit rating assigned to the commercial paper indicates strong creditworthiness and reflects the company's ability to meet its short-term debt obligations.

Market Implications

The successful BSE listing approval represents the completion of the commercial paper issuance process, providing the instruments with exchange trading capability. Commercial paper serves as an important short-term funding instrument, typically used to meet working capital requirements with a tenure of approximately three months as indicated by the March 2026 maturity.

Muthoot Capital Services maintains an active presence in both equity and debt markets, with equity scrip code 511766 on BSE and multiple debenture and commercial paper codes. This diversified capital raising approach provides the company with multiple funding avenues for its operations and growth initiatives.