Description

BSE announces listing of 5,000 non-convertible debentures of Midland Microfin Limited with 10.75% p.a. interest rate, maturing on November 27, 2027.

Summary

BSE has listed new debt securities issued by Midland Microfin Limited on a private placement basis, effective November 28, 2025. The listing comprises 5,000 non-convertible debentures with a face value of ₹1,00,000 each, carrying an interest rate of 10.75% per annum with monthly interest payments. The securities are rated ACUITE A- and will mature on November 27, 2027.

Key Points

  • Issuer: Midland Microfin Limited
  • Scrip Code: 977325
  • Scrip ID: 1075MML27B
  • ISIN: INE884Q07814
  • Quantity: 5,000 debentures
  • Market Lot: 1
  • Face Value: ₹1,00,000 per debenture
  • Issue Price: ₹1,00,000 per debenture
  • Interest Rate: 10.75% per annum
  • Interest Payment: Monthly
  • Credit Rating: ACUITE A-
  • Allotment Date: November 27, 2025
  • Redemption Date: November 27, 2027
  • Put/Call Option: Not Applicable
  • Trading Mode: Demat only
  • Tick Size: 1 paise

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for privately placed debt securities.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE884Q07814
  • Members should refer to the Placement Memorandum available at https://www.bseindia.com/markets/debt/memorandum_data.aspx for detailed information
  • The tick size for these securities is 1 paise
  • For clarifications, trading members may contact the debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Listing Date: November 28, 2025
  • Allotment Date: November 27, 2025
  • Redemption Date: November 27, 2027
  • Interest Payment: Monthly basis

Impact Assessment

This is a routine debt listing with minimal market-wide impact. The listing adds liquidity options for investors holding Midland Microfin’s debt securities on the BSE platform. The ACUITE A- rating indicates adequate credit quality. With monthly interest payments and a relatively short tenure of approximately 2 years, these securities are suitable for investors seeking regular income with moderate credit risk. The private placement nature suggests limited retail participation, with impact primarily on institutional investors and high-net-worth individuals.

Impact Justification

Routine listing announcement of privately placed debt securities with limited market-wide impact, affecting only investors in Midland Microfin's debt instruments.