Listing of Secured Redeemable Non-Convertible Debentures of Muthoot Mercantile Limited

Description

BSE announces listing of Muthoot Mercantile Limited's NCD Series VII across 9 series with yields ranging from 9.50% to 11.73% and maturities from January 2027 to March 2032.

Summary

BSE has listed Muthoot Mercantile Limited’s NCD Series VII comprising 9 series of secured, redeemable, non-convertible debentures. The debentures have a face value of Rs. 1,000 per NCD and were allotted on December 19, 2025. The series includes both cumulative and monthly interest payment options with effective yields ranging from 9.50% to 11.73% per annum. The debentures carry an IND BBB/Stable credit rating and have maturities spanning from January 2027 to March 2032.

Key Points

• Total of 9 series of NCDs listed with 13,03,160 total securities
• Face value and issue price: Rs. 1,000 per NCD
• Yield range: 9.50% to 11.73% effective yield per annum
• Date of allotment: December 19, 2025
• Credit rating: IND BBB/Stable
• Market lot: One NCD
• No put/call options available
• Mixed frequency: 5 cumulative series and 4 monthly interest payment series

Series Details

Series I (Cumulative)

• Scrip Code: 940819, ISIN: INE05F407DM9
• Securities: 1,91,878
• Effective Yield: 9.71%
• Redemption: Rs. 1,106.85 on January 23, 2027

Series II (Monthly)

• Scrip Code: 940821, ISIN: INE05F407DN7
• Securities: 2,99,647
• Coupon: 9.50%, Effective Yield: 10.47%
• Redemption: Rs. 1,000 on January 23, 2027
• First Interest: January 31, 2026

Series III (Cumulative)

• Scrip Code: 940823, ISIN: INE05F407DR8
• Securities: 92,221
• Effective Yield: 9.92%
• Redemption: Rs. 1,230 on December 19, 2027

Series IV (Monthly)

• Scrip Code: 940825, ISIN: INE05F407DO5
• Securities: 61,880
• Coupon: 10.00%, Effective Yield: 10.89%
• Redemption: Rs. 1,000 on December 19, 2027
• First Interest: January 31, 2026

Series V (Cumulative)

• Scrip Code: 940827, ISIN: INE05F407DS6
• Securities: 1,38,147
• Effective Yield: 10.91%
• Redemption: Rs. 1,363.60 on December 19, 2028

Series VI (Monthly)

• Scrip Code: 940829, ISIN: INE05F407DP2
• Securities: 2,00,765
• Coupon: 10.25%, Effective Yield: 10.75%
• Redemption: Rs. 1,000 on December 18, 2028
• First Interest: January 31, 2026

Series VII (Cumulative)

• Scrip Code: 940831, ISIN: INE05F407DT4
• Securities: 15,843
• Effective Yield: 10.41%
• Redemption: Rs. 1,641 on December 19, 2030

Series VIII (Monthly)

• Scrip Code: 940833, ISIN: INE05F407DQ0
• Securities: 1,72,794
• Coupon: 10.75%, Effective Yield: 11.30%
• Redemption: Rs. 1,000 on December 19, 2030
• First Interest: January 31, 2026

Series IX (Cumulative)

• Scrip Code: 940835, ISIN: INE05F407DU2
• Securities: 2,29,985
• Effective Yield: 11.73%
• Redemption: Rs. 2,000 on March 19, 2032

Regulatory Changes

No regulatory changes announced. This is a standard listing notification.

Compliance Requirements

• Investors can trade these NCDs on BSE using the respective scrip codes and ISINs
• Market lot size is one NCD
• Monthly interest series will receive first interest payment on January 31, 2026

Important Dates

• Allotment Date: December 19, 2025
• First Interest Payment (for monthly series): January 31, 2026
• Maturity Dates:
  • January 23, 2027 (Series I, II)
  • December 19, 2027 (Series III, IV)
  • December 19, 2028 (Series V)
  • December 18, 2028 (Series VI)
  • December 19, 2030 (Series VII, VIII)
  • March 19, 2032 (Series IX)

Impact Assessment

This listing provides investors with 9 new debt investment options from Muthoot Mercantile Limited with varying maturity profiles and interest payment structures. The secured nature and IND BBB/Stable rating offers moderate credit quality. The staggered maturities from 2027 to 2032 provide flexibility for investors with different investment horizons. Impact is limited to debt market participants and existing/prospective investors in Muthoot Mercantile debentures.

Impact Justification

Routine listing of debt securities affecting only NCD investors of Muthoot Mercantile Limited with no broader market impact