MAS Financial Services allots NCDs worth ₹150 crore at 8.90% coupon

1 min read Updated on 01 Jul 2026, 05:40 AM

Reviewed by

Radhika SScanX News Team

AI Summary

MAS Financial Services has successfully allotted 15,000 secured non-convertible debentures (NCDs) aggregating to ₹150 crore via private placement. The NCDs, rated 'ACUITE AA (Stable)', offer a coupon rate of 8.90% per annum payable monthly and have a tenure of 48 months maturing on June 30, 2030. The issuance is secured by a charge on book debts and loan receivables, with the Finance Committee approving the allotment on June 30, 2026.

*this image is generated using AI for illustrative purposes only.

MAS Financial Services has allotted 15,000 rated, listed, senior, secured, redeemable, transferable, taxable, non-convertible debentures (NCDs) on a private placement basis. The issuance, valued at ₹150 crore, carries a coupon rate of 8.90% per annum payable monthly. The debentures have been rated "ACUITE AA (Stable)" by Acuité Ratings & Research Limited, reflecting a strong credit profile for the instrument.

NCD Issuance Details

The key parameters of the NCD allocation are outlined below:

Parameter	Details
Number of NCDs Allocated	15,000
Total Value	₹150 crore
Face Value	₹1,00,000 per debenture
Coupon Rate	8.90% per annum
Coupon Payment Frequency	Monthly
Tenure	48 months
Date of Allotment	June 30, 2026
Date of Maturity	June 30, 2030
Listing	Wholesale Debt Market segment of BSE Limited

Security and Structure

The NCDs are secured by way of a first ranking exclusive and continuing charge over certain identified book debts and loan receivables of the company. The value of these hypothecated assets will be maintained at least 1.1 times the outstanding amount of the debentures until full redemption. In the event of a payment default, the company will pay additional interest at 2% per annum over the coupon rate on the outstanding principal amount until the default is cured.

The Finance Committee of the Board of Directors approved the allotment of 15,000 debentures on June 30, 2026, pursuant to the SEBI LODR Regulations. The principal amounts are payable on a semi-annual basis until the final redemption date.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE348L01012/9a08f17c23254dbe.pdf

Historical Stock Returns for MAS Financial Services

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.01%	-1.27%	-0.98%	+4.73%	-7.09%	+12.85%

How does the 8.90% coupon rate compare to MAS Financial Services' previous debt issuances and current market benchmarks?

What specific capital deployment strategies or growth initiatives will the ₹150 crore proceeds fund?

Will the company leverage its improved credit profile to access cheaper capital or diversify its funding mix in the future?

Read Next Article

MAS Financial Services redeems 33% of OCPS for Rs 33.33 Cr

0 min read Updated on 24 Jun 2026, 01:12 AM

Reviewed by

Naman SScanX News Team

Add as a preferred
source on Google

AI Summary

MAS Financial Services redeemed 33,33,330 OCPS held in its subsidiary MAS Rural Housing and Mortgage Finance Limited for Rs 33.33 Cr. The redemption represents 33% of the total OCPS held and follows the terms of the Series II 6% Non-Cumulative OCPS. The transaction does not alter the equity shareholding pattern of the subsidiary.

*this image is generated using AI for illustrative purposes only.

MAS Financial Services has redeemed 33,33,330 Optionally Convertible Preference Shares (OCPS) held in its subsidiary, MAS Rural Housing and Mortgage Finance Limited, for a total consideration of Rs 33.33 Cr. The redemption, amounting to 33% of the total OCPS held by the company, was executed pursuant to the terms of the Series II 6% Non-Cumulative OCPS issued by the subsidiary.

The transaction was carried out in accordance with the issuance terms and conditions of the OCPS held by MAS Financial Services in MAS Rural Housing and Mortgage Finance Limited. The company informed the exchanges regarding this development under Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

Impact on Shareholding

The aforesaid redemption will not result in any change in the equity shareholding pattern of MAS Rural Housing and Mortgage Finance Limited. MAS Financial Services shall continue to hold its existing equity stake in the subsidiary company following this partial redemption.