MAS Financial Services Limited has announced the allotment of 1,00,000 rated, listed, senior, secured, redeemable, transferable, taxable, non-convertible debentures, each with a face value of ₹10,000, aggregating to a total nominal value of ₹100 crore. This decision was made by the Finance Committee of the Board of Directors on August 29, 2025.
The debentures, denominated in Indian Rupees (INR), have been rated "CARE AA-; Stable" by CARE Ratings Limited. These debentures are proposed to be listed on the Wholesale Debt Market segment of BSE Limited.
Debenture Details:
| Particulars | Details |
|---|---|
| Type of Securities | Rated, listed, senior, secured, redeemable, transferable, taxable, non-convertible debentures |
| Type of Issue | Private Placement |
| Size of Issue | 1,00,000 debentures |
| Face Value | ₹10,000 per debenture |
| Total Nominal Value | ₹100 Crore |
| Listing | Proposed on the Wholesale Debt Market segment of BSE Limited |
| Rating | CARE AA-; Stable |
| Date of Allotment | August 29, 2025 (Deemed Date of Allotment) |
| Date of Maturity | August 29, 2027 (Final Redemption Date) |
| Tenure | 24 months from Deemed Date of Allotment |
| Interest Rate | 9.10% per annum, payable monthly |
| Interest Payment Date | Monthly, commencing September 29, 2025 |
| Principal Payment Date | Payable on the Final Redemption Date |
| Security | First ranking exclusive and continuing charge on identified book debts/receivables |
The debentures will be secured by a first-ranking exclusive and continuing charge on certain identified book debts/receivables of the company. The value of these hypothecated assets will be at least 1.10 times the outstanding amounts in respect of the debentures at all times, commencing from the Deemed Date of Allotment until the Debentures are fully redeemed.
In the event of a Payment Default, additional interest at 2% per annum over the Interest Rate will be payable on the outstanding principal amounts from the date of the default until it is cured or the debentures are fully redeemed.
The Debentures shall be fully redeemed on a pari passu basis by the Company by making the payment of the outstanding principal amounts of the Debentures on the Final Redemption Date, in accordance with the DTD.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
