MAS Financial Services has announced the allotment of 15,000 rated, listed, senior, secured, redeemable, transferable, taxable, non-convertible debentures, each with a face value of ₹1,00,000, aggregating to ₹150 Crore. The issue price is ₹1,00,076.03 per debenture, which includes accrued coupon/interest of ₹76.03 per debenture. The allotment was made under the existing International Securities Identification Number (ISIN) INE348L07316 on a private placement basis.
The Finance Committee of the Board of Directors approved the allotment during its meeting held on Tuesday, August 19, 2025. The debentures have been rated “CARE AA-; Stable” by CARE Ratings 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 | ₹150 Crore |
| Listing | Wholesale Debt Market segment of BSE Limited |
| Issue Price | ₹1,00,076.03 per debenture |
| Deemed Date of Allotment | August 19, 2025 |
| Final Redemption Date | May 16, 2027 |
| Tenure | 21 months (approx.) |
| Interest Rate | 9.25% per annum, payable quarterly |
| Interest Payment Dates | 16th of November, February, May, and August, commencing from November 16, 2025 |
| Security | First ranking exclusive and continuing charge on identified book debts/loan receivables |
| Payment Default | Additional interest at 2% per annum over the Interest Rate |
The debentures will be secured by a first-ranking exclusive and continuing charge on certain identified book debts/loan receivables of the Company. The value of the hypothecated assets will be at least 1.1 times the outstanding amounts in respect of the debentures until they are fully redeemed.
Interest on the debentures is payable quarterly, with the first payment due on November 16, 2025. If there is a delay in payment, additional interest at 2% per annum over the interest rate will be applicable until the default is resolved.
The debentures will be fully redeemed on a pari passu basis on the Final Redemption Date, May 16, 2027.
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