BSECompany Update30 Sept 2026 · 30 Sept 2026, 10:46 am
We wish to inform the Exchanges that the Finance Committee (''the Committee'') of the Board of Directors (''the Board'') of the Company at its Meeting held on Wednesday, September 30, 2026 has approved the allotment of 90,000 (Ninety Thousand) Fully paid, Secured, Rated, Redeemable, Listed, Senior Bonds in the nature of Non-Convertible Debentures (''NCDs'') of face value of Rs. 1,00,000/- (Rupees One Lakh Only) each aggregating to Rs. 900 Crore (Rupees Nine Hundred Crore Only).
Motilal Oswal Financial Services Ltd · 532892
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Motilal Oswal Financial Services Ltd has approved the allotment of 90,000 Non-Convertible Debentures (NCDs) worth Rs. 900 Crore, to be listed on the National Stock Exchange of India Limited.
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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk8/10
Liquidity Impact9/10
Market Sentiment6/10
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Motilal Oswal Financial Services Ltd - 532892 - Announcement under Regulation 30 (LODR)-Allotment
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September 30, 2026
BSE Limited National Stock Exchange of India Limited
P. J. Towers, Exchange Plaza, Plot No. C/1, G Block,
Dalal Street, Fort, Bandra-Kurla Complex, Bandra (E),
Mumbai - 400001 Mumbai - 400051
Security Code: 532892 Symbol: MOTILALOFS
Sub.: Allotment of 90,000 Fully paid, Secured, Rated, Redeemable, Listed, Senior Bonds in the
nature of Non-Convertible Debentures of face value of Rs. 1,00,000/- each aggregating to
Rs. 900 Crore
Dear Sir/Madam,
With reference our earlier intimation dated September 24, 2026 and pursuant to the provisions of
Regulation 30, 51 and other applicable provisions of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (“Listing Regulations”) (as amended from time to time), we wish
to inform the Exchanges that the Finance Committee (“the Committee”) of the Board of Directors
(“the Board”) of the Company at its Meeting held on Wednesday, September 30, 2026 has approved
the allotment of 90,000 (Ninety Thousand) Fully paid, Secured, Rated, Redeemable, Listed, Senior
Bonds in the nature of Non-Convertible Debentures (“NCDs”) of face value of
Rs. 1,00,000/- (Rupees One Lakh Only) each aggregating to Rs. 900 Crore (Rupees Nine Hundred
Crore Only).
The requisite details of the abovementioned issue in terms of the SEBI Master Circular dated
July 11, 2023 (as amended from time to time) are enclosed as Annexure A.
The Committee Meeting commenced at 10.15 a.m. concluded at 10:40 a.m.
Thanking you,
Yours faithfully,
For Motilal Oswal Financial Services Limited
Kailash Purohit
Company Secretary & Compliance Officer
Encl.: As above
Annexure A
Particulars Information
1. Type of securities proposed to be Fully paid, Secured, Rated, Redeemable,
issued Listed, Senior Bonds in the nature of Non-
Convertible Debentures (“NCDs”)
2. Type of Issuance Private Placement
3. Total number of securities proposed to 90,000 (Ninety Thousand) Fully paid, Secured,
be issued or the total amount for which Rated, Redeemable, Listed, Senior Bonds in
the securities will be issued the nature of NCDs, each having a face value
of Rs. 1,00,000/- (Rupees One Lakh Only)
aggregating to a face value of Rs. 900 Crore
(Rupees Nine Hundred Crore Only) issued at
a premium aggregating to Rs 63,00,000
(Rupees Sixty Three Lakhs Only).
4. Size of the issue/allotment Rs. 900 Crore (Rupees Nine Hundred Crore
Only).
The issue has been fully subscribed at
par/premium and the Company has received
the premium of Rs. 63,00,000/- (Rupees Sixty
Three Lakhs Only).
5. Whether proposed to be listed? If yes, Yes, the NCDs are proposed to be listed on
name of the stock exchange(s) National Stock Exchange of India Limited
(“NSE”)
6. Tenure of the Instrument 3 Years and 25 days
Date of Allotment September 30, 2026
Date of Maturity October 25, 2029
7. Coupon/interest offered, schedule of Please refer Annexure I
payment of coupon/interest and
principal
8. Charge/security, if any, created over The principal amount of the NCDs issued
the assets pursuant to the General Information
Document dated September 17, 2025 (“GID”)
and the Key Information Document dated
September 24, 2026 (“KID”), together with all
interest due and payable thereon are secured
Particulars Information
by a first-ranking, pari passu charge by way of
hypothecation over all present and future
receivables of the Company, excluding such
receivables as are specifically and exclusively
charged in favour of the existing charge
holders, as specifically set out and more fully
described in the Debenture Trust Deed.
Accordingly, a minimum security cover of
1.00 time (1.00x) the outstanding principal
amount of the NCDs, together with all interest
due and payable thereon, shall be maintained
at all times until the Maturity Date.
9. Special right/interest/privileges None
attached to the instrument and changes
thereof
10. Delay in payment of interest / principal There is no delay or default in payment of
amount for a period of more than three interest and/or redemption of principal on the
months from the due date or default in due dates for any existing NCDs.
payment of interest / principal
11. Details of any letter or comments None
regarding payment/non-payment of
interest, principal on due dates, or any
other matter concerning the security
and /or the assets along with its
comments thereon, if any
12. Details of redemption of debentures Please refer Annexure I
indicating the manner of redemption
Annexure I
Illustration of Cash Flows as per the SEBI NCS Master Circular dated October 15, 2025 on a per
Debenture Basis:
Amount in
Schedule Payment
Sr. No. Cashflow No. of days rupees per
Date
Debenture
1. September 30, 2026 Allotment Date - 100,000.00
2. October 25, 2026 Coupon 25 (589.73)
3. October 25, 2027 Coupon 365 (8,640.00)1
4. October 25, 2028 Coupon 366 (8,640.00)1
5. October 25, 2029 Coupon 365 (8,640.00)1
6. October 25, 2029 Principal on redemption (100,000.00)
1. Assuming the effective coupon derives at 8.64% p.a. for other coupon payments.
The above table is illustrative and indicative only. The payment of coupon / premium / interest
/ maturity amount on due dates will be in accordance and compliance with the provisions of the
SEBI NCS Master Circular, applicable tax laws and business day conventions specified in the Term
Sheet of the Issue.