Description

BSE announces listing of new privately placed secured redeemable non-convertible debentures of Midland Microfin Limited with 13.75% interest rate maturing in December 2028.

Summary

BSE has listed new debt securities of Midland Microfin Limited issued on private placement basis, effective December 15, 2025. The securities are non-convertible debentures with a face value of Rs. 1,00,000, carrying 13.75% per annum interest rate with monthly interest payments, maturing on December 15, 2028.

Key Points

  • Issue quantity: 3,500 debentures
  • Face value and issue price: Rs. 1,00,000 per debenture
  • Scrip Code: 977369
  • Scrip ID: 1375MML28
  • ISIN: INE884Q08291
  • Credit rating: CARE BBB+/Negative
  • Market lot: 1 unit
  • Date of allotment: December 12, 2025
  • Trading only in dematerialized form
  • Tick size: 1 paise
  • No put/call option available

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE884Q08291
  • Members should refer to the Placement Memorandum available on BSE website for detailed information
  • For clarifications, members should contact BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Allotment date: December 12, 2025
  • Listing effective date: December 15, 2025
  • First interest payment: January 15, 2026
  • Interest payment frequency: Monthly (15th of each month)
  • Interest payment period: January 15, 2026 to December 15, 2028
  • Redemption date: December 15, 2028

Impact Assessment

This is a routine debt listing with minimal market impact. The securities are privately placed with institutional investors and trade in large denominations (Rs. 1,00,000 face value). The CARE BBB+/Negative rating indicates moderate credit quality with negative outlook. Trading members dealing in debt segment should note the listing for client order execution purposes. The monthly interest payment structure provides regular income to investors.

Impact Justification

Routine debt security listing on private placement basis with limited market impact