Muthoot Capital promoters pledge shares for ₹150 crore green debenture issue

Thomas John Muthoot, Thomas George Muthoot, and Thomas Muthoot, promoters of Muthoot Capital Services Limited, have encumbered 51% of their total promoter shareholding as a non-disposal undertaking. This collective encumbrance totals 8,388,242 shares, representing 51% of the company's total share capital. The undertaking, dated October 13, 2025, is in favour of Vardhman Trusteeship Private Limited, acting as the security trustee.

The encumbrance supports the issuance of 15,000 rated, listed, senior, secured, redeemable, transferable, non-convertible "green debt securities" (Debentures) with a face value of ₹100,000 each, aggregating to ₹150,00,00,000. These debentures, rated "CRISIL [AA+] (CE)," are proposed to be listed on the National Stock Exchange of India Limited. The funds raised will be utilized by Muthoot Capital Services Limited for on-lending to borrowers for purchasing new electric vehicles.

A key condition of the Debenture Trust Deed stipulates that the individual promoters will not dispose of their respective shareholdings such that their collective shareholding in Muthoot Capital Services Limited falls below 51% on a fully diluted basis.