MAS Financ͏ial Service͏s Allots ₹100 Cro͏re NCDs with 8͏.75%͏ ͏Monthly Interest Rate 

Mumbai, 30 December 2025:͏ MAS Financial Services Ltd notified the stock exchanges on Tuesday that its Finance Committee has approved the allotment of 10,000 rated, listed, senior, secured, redeemable, transferrable, taxable non-convertible debentures (NCDs) of the face value of ₹1,00,000 each, aggregating to the tune of ₹100 crore in a private placement. The Company has announced that the Debentures were allotted on 30 December 2025 and shall mature on 30 December 2028 for a period of 36 months. 

MAS Financial Services Ltd is a leading Indian NBFC headquartered in Ahmedabad and a key player in MSME financing in India through an extensive network of partner institutions. 

₹100 Crore ͏NCD Allotment at 8.75% Intere͏st Ra͏te͏ Fi͏nalised ͏on͏ ͏30 December 2025 

The Finance Committee of the Board of MAS Financial Services Ltd has approved the allotment of 10,000 NCDs having an interest rate of 8.75% per annum, payable on a monthly basis from 30 January 2026.  

Every debenture has been issued at par which means that the issue price is the same as the face value of ₹1,00,000 for each debenture. The principal will be repaid in full on December 30, 2028, the Final Redemption Date. The comp͏any confirmed that the issue has ͏been fully ͏subscribed. 

Debentures Rated CARE AA-/Stable and Proposed for Listing on BSE Wholesale Debt Market 

The debentures are rated as CARE AA-/Stable by CARE ratings Limited. The NCDs are proposed to be listed on the Wholesale Debt Market (WDM) segment of BSE Limited. MASFIN stated that the NCDs are to be listed on BSE Limited, as per Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The issue is being made by way of private placement route. 

First Ranking Charge Created Over Receivables With 1.10x Asset Cover  

The company has given a first ranking exclusive and continuing charge over certain book debts and receivables (including loan receivables and investment proceeds). The aggregate value of the hypothecated assets shall be at all times maintained equal to or in excess of 1.10 times the outstanding amount of the debentures until their full redemption. In the event of any payment default, the company has stated that an additional interest of 2% per annum over the prevailing rate will be charged until the default is remedied or the debentures are purchased. 

MA͏SF͏IN ͏Share Price Falls 0.14% to ₹312.10͏ After Disclosure 

After the disclosure, shares of MAS Financial Services Ltd declined on Tuesday. The shares were down by ₹0.45 or 0.14%, at ₹312.10 as of 2:49 PM IST on 30 December 2025. The stock move between an intraday high of ₹313.90 and a low of ₹310.15 during the day. The market cap was at ₹5.66 thousand crore, with P/E ratio of 17.13. The 52-week high and low for the stock is ₹350.4 and ₹220.06, respectively. 

References 

• https://www.bseindia.com/stock-share-price/mas-financial-services-ltd/masfin/540749/corp-announcements/ 
• https://www.bseindia.com/xml-data/corpfiling/AttachLive/576cc168-05d5-408e-ba72-0868222993c6.pdf 
• https://www.nseindia.com/get-quote/equity/MASFIN/MAS-Financial-Services-Limited 

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.  

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.  

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations