MAS Financial Services allots NCDs worth ₹140 crore at 8.70%

1 min read Updated on 24 Jun 2026, 11:11 AM

Reviewed by

Radhika SScanX News Team

AI Summary

MAS Financial Services has allotted 14,000 secured non-convertible debentures worth ₹140 crore via private placement. The instruments carry a coupon rate of 8.70% per annum, payable quarterly, and are rated CARE AA- (Stable). The debentures have a tenure of 24 months, maturing on June 24, 2028, and are listed on the Wholesale Debt Market segment of BSE Limited.

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

MAS Financial Services has allotted 14,000 rated, listed, senior, secured, redeemable, transferable, taxable, non-convertible debentures (NCDs) on a private placement basis. The issuance, valued at ₹140 crore, carries a coupon rate of 8.70% per annum payable quarterly, providing regular income to investors. The debentures have been rated "CARE AA- (Stable)" by CARE Ratings 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	14,000
Total Value	₹140 crore
Face Value	₹1,00,000 per debenture
Coupon Rate	8.70% per annum
Coupon Payment Frequency	Quarterly
Tenure	24 months
Date of Allotment	June 24, 2026
Date of Maturity	June 24, 2028
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, loan, and investment 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 total issue size, including a green shoe option, was ₹150 crore, comprising 15,000 debentures. The Finance Committee of the Board of Directors approved the allotment of 14,000 debentures on June 24, 2026, pursuant to the SEBI LODR Regulations. The debentures will be redeemed on a pari passu basis on the final redemption date.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE348L01012/3335ce62-0203-4b00-965a-587425ef7b2a.pdf

Historical Stock Returns for MAS Financial Services

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.16%	+0.51%	+2.11%	-2.69%	+8.23%	+9.40%

How will the proceeds from this ₹140 crore issuance be utilized to support MAS Financial Services' growth or debt management strategies?

What impact will the quarterly coupon payments have on the company's cash flow and liquidity position over the next two years?

Will MAS Financial Services consider raising additional capital through similar debt instruments or equity in the near future?

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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

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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.

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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.