The debentures are proposed to be listed on the BSE, with 13 January 2026 set as the deemed date of allotment. The NCDs will have a tenure of 30 months and are scheduled to mature on 13 July 2028.

The debentures will carry an interest rate of 10.15% per annum, payable on a monthly basis. In the event of a payment default, the company will pay additional interest of 2% per annum over the applicable coupon rate until the default is cured.

The NCDs will be secured by a first-ranking exclusive charge on identified loan receivables of the company through a deed of hypothecation, along with any other security as may be agreed. The security cover will be maintained at a minimum of 1.05 times the outstanding debenture amount until full redemption.

The debentures will be redeemed on a pari passu basis by payment of the outstanding principal on the final redemption date, in accordance with the debenture trust deed.

Satin Creditcare Network is a leading microfinance institution (MFI) in the country. The company offers a bouquet of financial products in the non-MFI segment, comprising loans to MSMEs and affordable housing loans.

The company’s consolidated net profit rose 19% to Rs 53.16 crore on a 20.6% rise in total income to Rs 792.80 crore in Q2 FY26 over Q2 FY25.