Manba Finance Limited Submits Half-Yearly NCD Statement to BSE for FY26
Manba Finance Limited filed its half-yearly NCD statement with BSE for FY26, detailing 16 debt issues worth ₹485 crore. The NCDs offer coupon rates between 10.65% and 11.75% with maturities ranging from May 2026 to March 2028. The portfolio includes both monthly and quarterly payment structures, with the largest single issue being ₹95 crore maturing in March 2028.
*this image is generated using AI for illustrative purposes only.
Manba Finance Limited has submitted its mandatory half-yearly statement on Non-Convertible Debentures (NCDs) specifications to BSE for the financial year ended March 31, 2026. The filing, dated April 08, 2026, was made in compliance with Regulation 17 of SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021.
Regulatory Compliance and Filing Details
The statement was filed pursuant to SEBI Master Circular No. SEBI/HO/DDHS/DDHSPoD/P/CIR/2025/0000000137 dated October 15, 2025, specifically under Clause 9.1 (a) of Chapter VIII relating to specifications for ISIN of debt securities. Company Secretary and Compliance Officer Bhavisha Jain signed the submission digitally on behalf of the company.
NCD Portfolio Overview
The comprehensive statement reveals Manba Finance Limited's substantial NCD portfolio comprising 16 different issues with a total value of ₹485 crore. The debt instruments showcase varying maturity profiles and coupon structures designed to meet diverse investor requirements.
| Parameter | Details |
|---|---|
| Total NCD Issues | 16 |
| Total Issue Value | ₹485 Crore |
| Coupon Rate Range | 10.65% - 11.75% |
| Payment Frequencies | Monthly and Quarterly |
| Maturity Period | May 2026 - March 2028 |
Detailed NCD Specifications
The NCD portfolio demonstrates a strategic approach to debt fundraising with staggered maturity dates and competitive coupon rates. The earliest maturity is scheduled for May 17, 2026, while the longest tenure extends to March 26, 2028.
Key NCD Tranches
| ISIN Number | Issue Date | Maturity Date | Coupon Rate (%) | Issue Size | Outstanding Amount |
|---|---|---|---|---|---|
| INE939X07242 | 29-09-2025 | 13-03-2028 | 11.00 | ₹95 Crore | ₹76.00 crore |
| INE939X07226 | 27-06-2025 | 27-07-2027 | 11.25 | ₹50 Crore | ₹500.00 crore |
| INE939X07234 | 20-08-2025 | 20-10-2027 | 10.95 | ₹50 Crore | ₹500.00 crore |
| INE939X07259 | 28-01-2026 | 26-03-2028 | 10.65 | ₹50 Crore | ₹50.00 crore |
| INE939X07200 | 05-06-2025 | 05-06-2027 | 11.30 | ₹35 Crore | ₹350.00 crore |
Payment Structure and Terms
The NCD portfolio features flexible payment structures with both monthly and quarterly interest payment options. None of the issued NCDs carry embedded options, providing straightforward debt instruments for investors. The coupon rates reflect competitive market positioning, with the highest rate of 11.75% offered on three separate tranches issued between June and August 2024.
Outstanding Debt Position
The statement provides transparency regarding the company's outstanding debt obligations across all NCD tranches. The varying outstanding amounts indicate different redemption patterns and investor participation levels across the various issues, demonstrating active debt management by the company.
Historical Stock Returns for Manba Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.93% | +10.35% | -3.80% | -17.75% | -14.68% | -27.15% |
How will Manba Finance's debt servicing capacity be impacted as multiple NCD tranches approach maturity between May 2026 and March 2028?
What refinancing strategy is Manba Finance likely to adopt given the ₹485 crore NCD portfolio requiring redemption over the next two years?
Will the company's ability to raise fresh capital be affected by the current high coupon rates of 10.65%-11.75% in a potentially changing interest rate environment?
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