Home / Business and Economy / Satin Creditcare Secures Rs 100 Crore via NCDs
Satin Creditcare Secures Rs 100 Crore via NCDs
6 Jan
Summary
- Board approves Rs 100 crore senior non-convertible debentures issuance.
- Debentures offer 10.15% annual interest, payable monthly.
- NCDs are secured by exclusive charge on loan receivables.
Satin Creditcare Network's board of directors has greenlit the issuance of Rs 100 crore in senior non-convertible debentures (NCDs) on January 5, 2026. The company plans to offer 100,000 NCDs, each valued at Rs 10,000, with an option to increase the issue size by Rs 50 crore. These financial instruments are slated for listing on the BSE, with a deemed date of allotment on January 13, 2026.
The NCDs will carry a tenure of 30 months, maturing on July 13, 2028, and will offer an attractive annual interest rate of 10.15%, distributed on a monthly basis. In case of payment defaults, an additional interest of 2% per annum will apply until the issue is resolved. The debentures are secured by a first-ranking exclusive charge on identified loan receivables, with security cover maintained at a minimum of 1.05 times the outstanding amount.
Satin Creditcare Network, a prominent microfinance institution, also reported a 19% rise in consolidated net profit to Rs 53.16 crore for Q2 FY26. This financial boost comes alongside a 20.6% increase in total income, reaching Rs 792.80 crore in the same period, underscoring the company's robust performance.
