Manappuram Finance has announced the approval for issuing secured, non-cumulative, redeemable, listed, rated, non-convertible taxable debentures. The Financial Resources and Management Committee authorized the allotment of debentures with a face value of ₹1,00,000 each, aiming to raise up to ₹500 crore. The debentures will be listed on BSE Limited and are offered on a private placement basis.
Debenture Issuance Approved
Manappuram Finance’s Financial Resources and Management Committee has approved the issuance of secured, non-cumulative, redeemable, listed, rated, non-convertible taxable debentures. The decision was made during a meeting held on December 15, 2025.
Key Details of the Debentures
The debentures have a face value of ₹1,00,000 each, with the company aiming to raise up to ₹500 crore through this private placement. The debentures will be listed on BSE Limited.
Debenture Features
The debentures, named MAFIL PVT NCD-01/2025-26, are secured and have a tenure of 730 days. The allotment date is December 15, 2025, and the maturity date is December 15, 2027. The coupon rate is set at 8.00% p.a., payable annually on December 15, 2026, and December 15, 2027.
Security and Charge on Assets
The principal amount of the debentures, along with all interest, will be secured by a first-ranking pari-passu charge on all current assets, book debts, and receivables of the company. A security cover of 100% will be maintained at all times until the maturity date. In case of a delay in payment, an additional interest of 2% per annum will be applicable over the coupon rate for the defaulting period.
Utilization of Proceeds
The net proceeds from the debenture subscription will be exclusively used for business deployment and growth of the company’s asset book. The funds will be utilized only for purposes permitted and will not be used for investment in any capital market, lending, speculative purposes, or other activities not permitted.
Source: BSE
