📈 Live Market Tracking
Every NSE and BSE corporate filing, read and explained by AI within minutes — impact, key figures, short/long-term view and what to watch.
Live · AI analyzer runs every 5 min (07:00–23:55 IST)
0 analysed today
FollowTelegram
0
Today
152,139
All-time analysed
43,645
Positive
6,747
Negative
92,898
Neutral
8,781
Watch
📊 Last 7 days — analysed filings by sentiment
Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
50 announcements match the current filters (relevance ≥ 5).
Muthoot Microfin Unveils 'Vision 2030' Targeting ₹30,000 Cr AUM and 20% ROE
Muthoot Microfin has outlined its 'Vision 2030' strategy, targeting a massive scale-up of its Assets Under Management (AUM) to ₹30,000 crore by 2030. The company is aiming for industry-leading profitability with a Return on Assets (ROA) of 5%+ and a Return on Equity (ROE) of 20%+. It intends to serve 10 million customers by deepening wallet share and diversifying into secure retail products. The roadmap relies on India's strong macroeconomic tailwinds, including a projected 7.4% GDP growth in FY26 and a rapidly maturing digital lending ecosystem.
Key Highlights
AUM target of ₹30,000 crore by 2030, focusing on building a large retail franchise.
Profitability targets set at 5%+ ROA and 20%+ ROE to ensure sustainable value creation.
Customer outreach goal of 10 million lives by 2030, significantly expanding its current footprint.
Macroeconomic support from India's projected 7.4% GDP growth and 5-6% per capita income CAGR through FY28.
Utilization of Digital Public Infrastructure (DPI) and AI to lower costs and improve underwriting efficiency.
👀 What to Watch
The ambitious 2030 targets suggest a high-growth trajectory; investors should monitor quarterly AUM growth and ROE trends to validate the company's execution against this long-term roadmap.
Muthoot Microfin Q4 FY26 PAT Surges 117% YoY to ₹711 Mn; AUM Reaches ₹1.4 Lakh Cr
Muthoot Microfin Limited reported a robust performance for Q4 FY26, with Profit After Tax (PAT) growing 117.7% YoY to ₹711 million. The company's Assets Under Management (AUM) increased by 13.3% YoY to ₹1,40,056 million, driven by a significant 46.8% YoY growth in disbursements during the quarter. Asset quality improved notably, with Gross NPA falling by 95 bps YoY to 3.89% and Net NPA at 1.14%. A key strategic highlight is the diversification of the portfolio, with non-JLG (Joint Liability Group) loans now comprising 17.5% of the total AUM.
Key Highlights
Net Profit for FY26 grew by 176.5% YoY to ₹1,703 million, while Q4 PAT rose 117.7% YoY to ₹711 million.
AUM reached ₹1,40,056 million with a 13.3% YoY growth; Q4 disbursements jumped 46.8% YoY to ₹28,767 million.
Asset quality improved with GNPA at 3.89% (down 95 bps YoY) and NNPA at 1.14% (down 20 bps YoY).
Net Interest Margin (NIM) expanded by 104 bps YoY to 12.0% in Q4 FY26.
Non-JLG portfolio share increased significantly to 17.5% from 2.9% in the previous year, reflecting successful diversification.
👀 What to Watch
Investors should take note of the strong earnings growth and the company's successful transition toward a more diversified loan book. The improvement in asset quality and NIMs suggests efficient management, making it a positive outlook for long-term holders.
Muthoot Microfin FY26 PAT Rebounds to ₹170 Cr; AUM Grows 13.3% to ₹14,006 Cr
Muthoot Microfin reported a significant turnaround in FY26, posting a Profit After Tax (PAT) of ₹170.3 crore compared to a loss of ₹222.5 crore in the previous year. The Gross Loan Portfolio (GLP) grew by 13.3% YoY to reach ₹14,005.6 crore, supported by a 46.8% YoY growth in disbursements during Q4. Asset quality showed marked improvement with Gross NPA declining by 95 bps to 3.89% and credit costs for the full year dropping sharply from 9.4% to 3.5%. The company is successfully diversifying its portfolio, with the non-JLG segment now accounting for 17.5% of the total mix.
Key Highlights
FY26 PAT at ₹170.3 crore vs a loss of ₹222.5 crore in FY25
Gross Loan Portfolio (GLP) grew 13.3% YoY to ₹14,005.6 crore
Gross NPA improved to 3.89% from 4.84% YoY; Net NPA at 1.14%
Credit cost for FY26 reduced significantly to 3.5% from 9.4% in FY25
Capital Adequacy remains robust at 23.9% with a healthy NIM of 12.0%
👀 What to Watch
Investors should note the strong recovery in asset quality and the strategic shift towards higher-ticket, secured lending. The turnaround from a loss-making year to profitability suggests improving operational efficiency and risk management.
Muthoot Microfin FY26 Net Profit Drops 38% to ₹273.6 Cr; Total Income Grows 7.7%
Muthoot Microfin Limited reported a significant 38.1% decline in annual net profit for FY26, falling to ₹2,736.07 million from ₹4,419.38 million in the previous year. While total income grew by 7.7% to reach ₹25,645.72 million, the bottom line was impacted by higher expenses and provisions. Total assets saw a healthy expansion of 16.8% YoY, reaching ₹1,26,848.05 million. The company also deferred its decision on NCD issuance limits and saw the resignation of a non-executive director.
Key Highlights
Annual Net Profit declined by 38.1% YoY to ₹2,736.07 million in FY26.
Total Income for the full year increased by 7.7% to ₹25,645.72 million.
Q4 FY26 Net Profit stood at ₹921.16 million, down from ₹1,172.72 million in Q4 FY25.
Total Assets grew by 16.8% YoY to reach ₹1,26,848.05 million as of March 31, 2026.
Board deferred the consideration of limits for Issuance of Non-Convertible Debentures (NCDs).
👀 What to Watch
Investors should exercise caution as the sharp decline in profitability despite asset growth suggests margin pressure or rising credit costs. Await management commentary on the reasons for the profit dip before making new positions.
Muthoot Microfin Allots NCDs Worth ₹70.28 Crore at 8.50% Coupon
Muthoot Microfin Limited has successfully allotted 7,028 secured, redeemable Non-Convertible Debentures (NCDs) on a private placement basis to raise ₹70.28 crores. These instruments carry a coupon rate of 8.50% per annum with interest payable on a quarterly basis. The NCDs have a tenure of 29 months, with the maturity date set for September 29, 2028. This capital raise will likely be utilized to support the company's micro-lending operations and maintain liquidity.
Key Highlights
Allotment of 7,028 NCDs with a face value of ₹1,00,000 each, totaling ₹70.28 crores
Fixed coupon rate of 8.50% per annum with a quarterly payment schedule
Tenure of 29 months with maturity scheduled for September 29, 2028
Secured by a first ranking exclusive charge of 1.00x over the company's receivables
Issuance conducted on a private placement basis and to be listed on BSE Limited
👀 What to Watch
This fundraise demonstrates the company's ability to access debt markets at reasonable rates to fuel its growth. Investors should monitor the company's deployment of these funds and its impact on the Net Interest Margin (NIM).
Muthoot Microfin FY26 Update: AUM Up 13% to ₹14,006 Cr; GNPA Improves to 3.89%
Muthoot Microfin reported a 13% YoY growth in Assets Under Management (AUM) to ₹14,006 crore for FY26. Asset quality showed significant improvement with GNPA reducing to 3.89% from 4.84% and credit costs moderating sharply to 3.5% from 9.4%. The company successfully diversified its portfolio, with non-JLG products now making up 17% of the mix compared to just 3% last year. Additionally, borrowing costs decreased by 75 bps to 10.27%, supported by a credit rating outlook upgrade to 'Positive' by CRISIL.
Key Highlights
AUM reached ₹14,006 crore, marking a 13% YoY increase with disbursements up 6% to ₹9,418 crore.
GNPA improved to 3.89% from 4.84% YoY, while credit costs saw a massive reduction from 9.4% to 3.5%.
Portfolio diversification into non-JLG products (Individual Loans, Gold Loans) increased to 17% of total AUM.
Cost of borrowing declined significantly from 11.02% in Q4 FY25 to 10.27% in Q4 FY26.
Collection efficiency for Q4 FY26 stood at 96.43%, up 336 bps compared to the previous year.
👀 What to Watch
Investors should view this as a strong recovery and diversification play, with improving asset quality and lower credit costs likely to drive profitability. The shift toward secured and non-JLG products reduces concentration risk and warrants a positive outlook.
Muthoot Microfin ESG Rating Upgraded to 'CareEdge-ESG 1+' with Score of 80.8
Muthoot Microfin has achieved a significant upgrade in its ESG rating from CareEdge ESG Ratings, moving from a score of 72.2 to 80.8. This new rating of 'CareEdge-ESG 1+' is currently the highest ESG rating awarded to any Non-Banking Financial Company (NBFC) by the agency. The upgrade reflects a well-rounded improvement across environmental, social, and governance parameters. For investors, this signifies leadership in risk management and best-in-class disclosures, which is likely to attract ESG-focused institutional capital.
Key Highlights
ESG score upgraded from 72.2 (CareEdge-ESG 1) to 80.8 (CareEdge-ESG 1+).
Achieved the highest ESG rating assigned to an NBFC by CareEdge ESG Ratings.
The upgrade reflects comprehensive improvements in environmental, social, and governance (ESG) parameters.
Demonstrates leadership in managing ESG risks through best-in-class disclosures and policies.
👀 What to Watch
Investors should view this as a positive indicator of the company's governance and sustainability standards, which may lead to increased institutional interest. No immediate trading action is required, but it strengthens the long-term investment case.
Muthoot Microfin to Raise ₹71.61 Crore via Private Placement of NCDs at 8.50% Coupon
Muthoot Microfin has approved the issuance of 7,161 secured Non-Convertible Debentures (NCDs) to raise ₹71.61 crore, equivalent to approximately USD 7.7 million. These NCDs carry a fixed coupon rate of 8.50% per annum with interest payable on a quarterly basis. The instruments have a tenure of 29 months and are scheduled for listing on the BSE. This capital raise is intended to support the company's micro-lending operations and diversify its funding sources.
Key Highlights
Issuance of 7,161 Listed, Rated, Secured NCDs with a total nominal value of ₹71.61 crore.
Fixed coupon rate of 8.50% per annum with a quarterly interest payment schedule.
Tenure of 29 months with a tentative maturity date of September 30, 2028.
NCDs are secured by a first ranking exclusive charge of 1.00x over the company's receivables.
The issuance is conducted on a private placement basis and will be listed on the BSE.
👀 What to Watch
This fundraise is a routine but positive step for an NBFC-MFI to ensure liquidity for loan disbursements. Investors should monitor if the company can maintain its net interest margins (NIMs) given this cost of borrowing.
Muthoot Microfin to Raise ₹71.61 Crore via NCD Issuance at 8.50% Coupon
Muthoot Microfin's Debenture Issue and Allotment Committee has approved the private placement of 7,161 secured Non-Convertible Debentures (NCDs) to raise approximately ₹71.61 crore (USD 7.7 million). The NCDs carry a fixed coupon rate of 8.50% per annum with interest payable quarterly. The tenure of the instrument is 29 months, with a tentative maturity date of September 30, 2028. This move is aimed at bolstering the company's liquidity to support its microfinance lending activities.
Key Highlights
Issuance of up to 7,161 NCDs with a face value of ₹1,00,000 each, totaling ₹71.61 crore.
Fixed coupon rate of 8.50% per annum with a quarterly interest payment schedule.
Tenure of 29 months with a tentative allotment date of April 28, 2026.
The NCDs are secured by a 1.00x charge over the company's present and future receivables.
The securities will be listed on the BSE Limited.
👀 What to Watch
Investors should view this as a routine but positive capital-raising activity that supports the company's growth trajectory. Monitor the company's ability to maintain healthy net interest margins (NIMs) against its cost of borrowing.
Muthoot Microfin to Consider Fundraise via NCDs on April 8, 2026
Muthoot Microfin Limited has scheduled a meeting of its Debenture Issue and Allotment Committee for April 8, 2026. The primary agenda is to consider and approve the issuance of Non-Convertible Debentures (NCDs) on a private placement basis. This is a routine fund-raising activity for the NBFC-MFI to support its lending operations and capital requirements. The specific amount and terms of the debt issuance will be determined during the meeting.
Key Highlights
Committee meeting scheduled for April 8, 2026, to approve fund raising.
Proposed issuance of Non-Convertible Debentures (NCDs) on a private placement basis.
Intimation filed under Regulation 50 of SEBI Listing Regulations.
Funds will likely be utilized to expand the micro-loan portfolio and manage liquidity.
👀 What to Watch
Investors should monitor the post-meeting disclosure for the specific issue size and coupon rate to assess the company's borrowing costs. This is a standard operational move for an NBFC and does not immediately change the stock's valuation.
Muthoot Microfin Clarifies Q3 FY26 Reporting Errors and Approves ‣2,000 Crore NCD Fundraise
Muthoot Microfin has responded to NSE/BSE clarifications regarding its Q3 FY26 results, citing technical glitches for non-searchable PDFs and an inadvertent netting of 'Other Income' against 'Other Expenses' in XBRL filings. For the quarter ended December 31, 2025, the company reported a total income of ‣6,053.51 million and a net profit of ‣624.43 million. Crucially, the board has approved a significant fundraise of ‣2,000 crore via Non-Convertible Debentures (NCDs) to support growth. Additionally, Jinsu Joseph has been re-appointed as the Chief Risk Officer for a two-year term starting April 2026.
Key Highlights
Reported Q3 FY26 Total Income of ‣6,053.51 million and Net Profit of ‣624.43 million.
Board approved a massive ‣2,000 crore fundraise through NCDs via private placement.
Clarified reporting discrepancy where other income was incorrectly adjusted against other expenses in XBRL.
Re-appointed Jinsu Joseph as Chief Risk Officer (CRO) for a 2-year tenure effective April 1, 2026.
Impairment on financial instruments for the quarter stood at ‣1,062.10 million.
👀 What to Watch
The reporting clarifications are procedural and do not impact the underlying financial performance, which shows a recovery in profit compared to the previous quarter. Investors should monitor the progress of the ‣2,000 crore NCD issuance as it provides the necessary capital for portfolio expansion.
Muthoot Microfin Shareholders Approve ₹2,000 Crore Debenture Issuance via Private Placement
Shareholders of Muthoot Microfin have overwhelmingly approved a special resolution to raise up to ₹2,000 crores through the private placement of debentures. The resolution received 99.99% support from voting members, indicating strong investor confidence in the company's growth strategy. This additional capital will be raised in one or more tranches to support the company's microfinance lending operations. The successful vote provides the management with the necessary financial flexibility to expand its loan book.
Key Highlights
Approved issuance of debentures worth ₹2,000 crores via private placement in multiple tranches.
Special resolution passed with 99.99% votes in favor (137,302,763 votes).
Institutional and Promoter groups voted 100% in favor of the fundraising proposal.
The total votes polled represented 80.54% of the total outstanding shares held by the company.
👀 What to Watch
Investors should view this as a positive development as it secures the capital required for future growth. Monitor the cost of debt in upcoming tranches to evaluate the company's margin sustainability.
Muthoot Microfin Q3 FY26: PAT at ₹62 Cr, AUM Grows 5.4% YoY to ₹13,078 Cr
Muthoot Microfin reported a resilient Q3 FY26 with AUM reaching ₹13,078 crores and a quarterly PAT of ₹62 crores. The company successfully reduced its operating expenses from 7% to 6.5% through branch rationalization and increased digital collections. Asset quality showed sequential improvement as GNPA declined by 21 bps to 4.4%, while credit costs remained controlled at 3.3%, well below the guided range. Management highlighted a strategic shift towards non-JLG loans, which now constitute 12% of the total portfolio.
Key Highlights
AUM grew 5.4% YoY to ₹13,078 crores with monthly disbursements normalizing at ₹850 crores.
GNPA improved to 4.4% (down 21 bps QoQ) and credit cost for the quarter stood at 3.3%.
Operating expenses decreased to 6.5% from 7% due to the merger of 66 branches and digital collection efficiencies.
Individual loan portfolio (non-JLG) reached ₹1,097 crores with near-zero delinquency and 91% digital repayment on due dates.
Cost of funds reduced to 10.4% with incremental borrowing costs improving to 9.8%.
👀 What to Watch
Investors should note the improving asset quality and cost-to-income ratios as the company diversifies away from traditional JLG models. The stock remains attractive for those looking at microfinance recovery, supported by a healthy 1.9% ROA and strong funding support.
Muthoot Microfin Q3 FY26: AUM Grows to ₹13,078 Cr, PAT at ₹62 Cr with Improving Asset Quality
Muthoot Microfin reported a steady Q3 FY26 with AUM reaching ₹13,078 crores, supported by normalized monthly disbursements of ₹850 crores. The company successfully diversified its portfolio, with non-JLG loans now comprising 12% of the book, up from 3% in March. Asset quality showed signs of recovery as GNPA fell 21 bps QoQ to 4.4% and collection efficiency improved to 94.8%. Management expects further improvement in Q4, targeting an ROA of approximately 2% for the full year.
Key Highlights
AUM grew 5.4% YoY to ₹13,078 crores, with Q3 disbursements reaching ₹2,492 crores
GNPA improved to 4.4% (down 21 bps QoQ) while credit cost for the quarter stood at 3.3%
Operating expenses reduced to 6.5% of AUM, driven by branch rationalization and digital collections
Cost of funds decreased by 64 bps YoY to 10.4%, with incremental borrowing at 9.8%
Non-JLG portfolio (individual loans) reached ₹1,097 crores with near-zero delinquency
👀 What to Watch
Investors should monitor the continued shift toward the higher-quality individual loan segment and the stabilization of credit costs. The company's ability to maintain 99.8% on-time collection efficiency suggests a robust recovery from previous macro headwinds.
Muthoot Microfin to Raise ₹2,000 Crores via Private Placement of Debentures
Muthoot Microfin Limited is seeking shareholder approval via a postal ballot to raise up to ₹2,000 Crores through the private placement of Non-Convertible Debentures (NCDs). This additional fundraise will be executed in one or more tranches and remains within the company's overall borrowing limit of ₹15,000 Crores. The capital is intended to support the company's microfinance lending operations and growth objectives. The e-voting period for shareholders is scheduled from February 13, 2026, to March 14, 2026.
Key Highlights
Proposed issuance of Debentures through Private Placement for an additional amount of ₹2,000 Crores.
Issuance may include secured, unsecured, listed, or unlisted NCDs and market-linked debentures.
The fundraise is within the previously approved total borrowing limit of ₹15,000 Crores.
Remote e-voting period starts on February 13, 2026, and ends on March 14, 2026.
The resolution is being passed as a Special Resolution to ensure regulatory compliance.
👀 What to Watch
Investors should view this as a positive step for growth capital, though they should monitor the cost of debt and its impact on Net Interest Margins (NIMs). No immediate action is required other than participating in the voting process if holding shares.
Muthoot Microfin Q3 FY26: PAT Surges 104% QoQ to ₹624 Mn; AUM Reaches ₹1.3 Lakh Mn
Muthoot Microfin reported a strong sequential recovery in Q3 FY26, with PAT growing 104.6% QoQ to ₹624 million. Asset quality showed signs of stabilization as GNPA improved by 21 bps QoQ to 4.40%, while NNPA stood at 1.34%. The company's AUM grew 5.4% YoY to ₹1,30,786 million, supported by a 22.5% YoY increase in disbursements. Strategic branch consolidation and a focus on the non-JLG portfolio, which crossed ₹10,000 million, highlight a shift towards operational efficiency and diversification.
Key Highlights
AUM grew 5.4% YoY to ₹1,30,786 million, with disbursements rising 22.5% YoY to ₹24,922 million
Net Profit (PAT) surged 104.6% QoQ to ₹624 million, showing significant recovery from previous quarters
Asset quality improved sequentially with GNPA at 4.40% (-21 bps QoQ) and NNPA at 1.34% (-7 bps QoQ)
Individual Loan (IL) AUM crossed the ₹10,000 million milestone, strengthening the non-JLG portfolio
Operational efficiency improved with the Opex ratio declining 51 bps QoQ to 6.5% following branch consolidation
👀 What to Watch
Investors should note the sequential improvement in asset quality and profitability, suggesting the worst of the credit cycle may be passing. Monitor the growth of the non-JLG portfolio as a key driver for future margin stability.
Muthoot Microfin Q3 FY26 PAT Jumps 104.6% QoQ to ₹62.4 Cr; AUM Crosses ₹13,000 Cr
Muthoot Microfin reported a strong sequential recovery in Q3 FY26, with Profit After Tax (PAT) doubling to ₹62.4 crore compared to the previous quarter. Assets Under Management (AUM) grew 5.4% YoY to reach ₹13,078.6 crore, driven by a 22.5% YoY increase in disbursements. Asset quality showed signs of improvement as GNPA fell to 4.40% and credit costs remained well below management guidance at 3.3%. The company also successfully diversified its portfolio, with the individual loan segment now exceeding ₹1,000 crore.
Key Highlights
PAT surged 104.6% QoQ to ₹62.4 crore with a healthy Net Interest Margin (NIM) of 12.0%
AUM reached ₹13,078.6 crore, supported by a 22.5% YoY growth in disbursements to ₹2,492.2 crore
Asset quality improved sequentially with GNPA at 4.40% and NNPA at 1.34%, down from 4.61% and 1.41% respectively
Credit cost for the quarter stood at 3.3%, significantly lower than the management's FY26 guidance of 4-6%
Raised ₹2,753.9 crore in funding during the quarter at a competitive cost of 9.8%
👀 What to Watch
The strong sequential recovery and controlled credit costs indicate a turnaround in operational performance after a challenging phase for the MFI sector. Investors should watch for continued improvement in asset quality and the scaling of the higher-margin individual loan book.
Muthoot Microfin to Raise ₹2,000 Crore via NCDs and Re-appoints Chief Risk Officer
Muthoot Microfin's board has approved a substantial fundraise of up to ₹2,000 Crores through the private placement of Non-Convertible Debentures (NCDs) to support its growth capital requirements. The company also approved its financial results for the quarter ended December 31, 2025, which received a clean limited review report from statutory auditors. In a move to ensure management continuity, Mr. Jinsu Joseph has been re-appointed as the Chief Risk Officer for a further two-year term effective April 2026. Shareholders will soon vote on the NCD issuance via a postal ballot.
Key Highlights
Approved issuance of Non-Convertible Debentures (NCDs) up to ₹2,000 Crores via private placement.
Re-appointed Mr. Jinsu Joseph as Chief Risk Officer for a two-year term starting April 1, 2026.
Financial results for Q3 FY26 (ended Dec 31, 2025) approved with no adverse auditor qualifications.
Auditors confirmed that the required security cover for existing listed NCDs has been maintained as of Dec 31, 2025.
Board to convene a Postal Ballot to seek shareholder approval for the proposed ₹2,000 Crore fundraise.
👀 What to Watch
Investors should view the ₹2,000 Crore fundraise as a positive signal for future loan book expansion and monitor the upcoming Q3 earnings call for specific growth guidance. The continuity in risk management leadership is a stabilizing factor for the company's asset quality outlook.
Muthoot Microfin Allots NCDs Worth ₹40 Crore at 9.70% Interest Rate
Muthoot Microfin Limited has successfully allotted 4,000 Senior, Secured, Rated, Listed, Redeemable, Taxable Non-Convertible Debentures (NCDs) on a private placement basis. The total fundraise amounts to ₹40 crore with a face value of ₹1,00,000 per debenture. These NCDs carry a coupon rate of 9.70% per annum, with interest payments scheduled monthly. The tenure for these instruments is 24 months, with a maturity date set for February 06, 2028.
Key Highlights
Allotment of 4,000 NCDs aggregating to a total nominal value of ₹40 crore
Coupon rate fixed at 9.70% per annum with a monthly interest payment schedule
Instrument tenure is 24 months with maturity on February 06, 2028
Secured by a first ranking exclusive charge of 1.05x over the company's receivables
👀 What to Watch
This is a routine fundraise for a microfinance institution to support its lending book. Investors should monitor the company's cost of borrowing and asset quality in upcoming quarterly results.
Muthoot Microfin to Raise ₹140 Crores via Allotment and Issuance of NCDs
Muthoot Microfin Limited has approved the allotment of ₹100 crores through Secured Non-Convertible Debentures (NCDs) and the issuance of an additional ₹40 crores. The ₹100 crore allotment is split into two series with coupon rates of 9.85% and 9.95% for tenures of 24 and 36 months respectively. Furthermore, a new issuance of ₹40 crores at a 9.70% coupon rate has been sanctioned. These funds, raised via private placement, will be listed on the BSE and are secured by company receivables.
Key Highlights
Allotment of ₹100 Crores in NCDs across two series (₹50 Cr each) with monthly interest payments.
Series I (24 months) carries a 9.85% coupon, while Series II (36 months) carries a 9.95% coupon.
Approval for a fresh issuance of ₹40 Crores in NCDs at a 9.70% coupon for a 24-month tenure.
All instruments are secured by a 1.05x charge over the company's present and future receivables.
The capital raised will support the company's microfinance lending operations and liquidity.
👀 What to Watch
Investors should view this as a positive step for credit growth, though they should monitor the company's ability to maintain margins against these borrowing costs of 9.70%-9.95%.
