Executive Summary
The Indian debt market on September 24, 2026, was characterized by a high volume of routine debt servicing and new issuances, with a notable absence of defaults. A total of 36 filings were analyzed, revealing a market that is liquid and functioning normally, with companies across sectors meeting their obligations on time.
Key themes include a significant wave of Commercial Paper (CP) redemptions totaling over ₹5,000 crore, signaling strong short-term liquidity management, and a flurry of new Non-Convertible Debenture (NCD) issuances worth over ₹3,500 crore, indicating robust corporate borrowing activity. A critical outlier is the payment failure by Regency Fincorp, which failed to pay a small portion of interest and principal to a few debenture holders due to banking detail mismatches, a red flag for operational and compliance risk. The period-over-period data shows consistent interest payment patterns, with no major changes in frequency or amounts, suggesting stable financial health for most issuers. The market is also seeing structural changes, such as JSW JFE Electrical Steel's NCDs being converted from secured to unsecured, which alters risk profiles for investors. Overall, the digest points to a healthy but not risk-free debt market, with opportunities in high-coupon NCDs from NBFCs and risks in operational lapses at smaller firms.
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Filing types in this digest: Debt securities
Tracking the trend? Catch up on the prior India Debt Bond Securities SEBI Regulatory Filings digest from September 23, 2026.
Investment Signals (10)
- Manba Finance ↓ (BULLISH)▲
Allotted ₹50 Cr NCDs at a high coupon of 10.65% p.a., significantly above the market average of ~8.5%, offering a yield pick-up for income-seeking investors. The NCDs are secured with a 1.10x cover, providing a safety buffer.
- Muthoot Housing Finance (BULLISH)▲
Issued ₹25 Cr NCDs at a 10.10% coupon, another high-yield opportunity in the housing finance space, though the issue size is small. The monthly payout structure is attractive for regular income.
- Mahindra & Mahindra Financial Services ↓ (BULLISH)▲
Announced a large ₹2,000 Cr NCD issue (including green shoe) at a 7.95% coupon, indicating strong capital raising appetite. The 2-year 364-day tenure is a sweet spot for investors seeking medium-term exposure.
- Grasim Industries ↓ (BULLISH)▲
Successfully repaid ₹750 Cr CP on maturity, demonstrating strong cash flow management and creditworthiness. This is a positive signal for its short-term debt instruments.
- Bharat Petroleum Corporation Ltd (BPCL) (BULLISH)▲
Redeemed a massive ₹3,000 Cr CP on time, the largest single redemption in this batch, underscoring the company's robust liquidity position.
- Regency Fincorp (NCD Payment Failure) (BEARISH)▲
Failed to pay ₹238 in interest and ₹46,000 in principal to a few debenture holders due to banking detail mismatches. While the amounts are tiny, this operational failure is a significant red flag for compliance and investor servicing.
- JSW JFE Electrical Steel (BEARISH)▲
Received approval to convert its NCDs from secured to unsecured, increasing credit risk for existing bondholders. This structural change could lead to a re-rating of the instrument's risk premium.
- AXISCADES Technologies ↓ (BEARISH)▲
Issued ₹200 Cr in unrated, unlisted NCDs, a high-risk instrument with no credit rating or market liquidity. This suggests the company is tapping less discerning investors, potentially due to an inability to secure better terms.
- Sammaan Finserve (BULLISH)▲
Paid interest early (Sept 23 vs Sept 25 due date) on four NCD series, a positive sign of proactive cash management and strong liquidity.
- Pune Municipal Corporation (BEARISH)▲
Requested a 60-day extension for filing audited financials due to electoral roll work, a rare event for a municipal bond issuer. This delay could signal governance issues and may impact investor confidence in municipal debt.
Risk Flags (8)
- Regency Fincorp - Operational Risk↓ [HIGH RISK]▼
Failed to pay a small portion of interest (₹238) and principal (₹46,000) to a few debenture holders due to banking detail mismatches in BENPOS. This indicates poor investor record-keeping and could lead to regulatory scrutiny or reputational damage.
- AXISCADES Technologies - Credit Risk↓ [HIGH RISK]▼
Issued ₹200 Cr in unrated, unlisted NCDs. The lack of a credit rating and listing means investors have no independent assessment of default risk and limited exit options.
- JSW JFE Electrical Steel - Structural Risk [MEDIUM RISK]▼
Conversion of NCDs from secured to unsecured status increases credit risk for existing holders. Investors should reassess their risk exposure and demand a higher yield.
- Pune Municipal Corporation - Governance Risk [MEDIUM RISK]▼
Delay in filing audited financials due to staff deployment for electoral roll work is an unusual reason, suggesting potential weaknesses in financial controls and reporting.
- CESC Limited - Concentration Risk↓ [LOW RISK]▼
Allotted ₹190 Cr NCDs to a single investor (Kotak Mahindra Bank), creating a concentration risk in the debt structure.
- Minda Corporation - Compliance Risk↓ [LOW RISK]▼
Incurred a ₹2,000 penalty for a one-day delay in filing shareholding pattern with BSE, indicating minor but notable compliance lapses.
- Nuvama Wealth - Redemption Risk (Low) [NO RISK]▼
Redeemed a CP on time, but the filing is routine. No risk, but included to show all filings are covered.
- SBFC Finance - Redemption Risk (Low) [NO RISK]▼
Redeemed ₹150 Cr CP on time. No risk.
Opportunities (8)
- Manba Finance / High-Yield NCD↓ (OPPORTUNITY)◆
The 10.65% coupon on a secured NCD is a standout opportunity in a low-yield environment. Investors can lock in high returns with a 1.10x security cover.
- Muthoot Housing Finance / Niche Yield (OPPORTUNITY)◆
The 10.10% coupon on a 24-month NCD offers a compelling risk-reward for investors comfortable with NBFC exposure.
- Mahindra & Mahindra Financial Services / Large Issue↓ (OPPORTUNITY)◆
The ₹2,000 Cr NCD issue at 7.95% provides a liquid, large-cap opportunity for institutional investors seeking quality corporate debt.
- Grasim Industries / Short-Term Play↓ (OPPORTUNITY)◆
The successful ₹750 Cr CP repayment reinforces Grasim's credit profile, making its short-term paper an attractive parking option for corporate treasuries.
- BPCL / Ultra-Short Term (OPPORTUNITY)◆
The ₹3,000 Cr CP redemption highlights BPCL's massive liquidity, making its CP a safe and liquid short-term investment.
- Sammaan Finserve / Early Payment Signal (OPPORTUNITY)◆
The early interest payment on multiple NCDs suggests strong cash flow, potentially making its debt a good hold for income investors.
- ICICI Home Finance / Safe Haven (OPPORTUNITY)◆
The timely ₹250 Cr CP repayment by a strong parent (ICICI Bank) reaffirms its status as a safe haven for short-term debt.
- Motilal Oswal Financial Services / New Issue↓ (OPPORTUNITY)◆
The upcoming ₹900 Cr NCD issue (3-year tenure) will provide a fresh opportunity for investors to gain exposure to a leading financial services firm.
Sector Themes (6)
- NBFC Debt Issuance Surge◆
NBFCs (Manba Finance, Muthoot Housing, MAS Financial, Poonawalla Fincorp, Motilal Oswal) are aggressively raising capital via NCDs, with total issuances exceeding ₹1,500 Cr in this batch. This indicates strong credit demand and a healthy appetite for NBFC debt. Investors have a wide choice of yields (7.95% to 10.65%) and tenures.
- Commercial Paper Redemption Wave◆
A significant number of CP redemptions (Grasim ₹750 Cr, BPCL ₹3,000 Cr, Redington ₹150 Cr, SBFC ₹150 Cr, Nexus Select ₹250 Cr, ICICI Home Finance ₹250 Cr) totaling over ₹4,500 Cr were executed on time. This demonstrates robust short-term liquidity across sectors and confirms the market's ability to absorb maturities without stress.
- High-Yield Niche from Smaller NBFCs◆
Smaller NBFCs like Manba Finance (10.65%) and Muthoot Housing Finance (10.10%) are offering significantly higher yields than larger peers (e.g., M&M Financial at 7.95%). This creates a yield curve based on size and perceived risk, offering alpha opportunities for credit-aware investors.
- Operational Lapses in Debt Servicing◆
Regency Fincorp's failure to pay small amounts due to banking detail mismatches is a rare but important theme. It highlights that even routine payments can fail due to operational issues, posing a risk for investors who rely on timely cash flows.
- Structural Changes in Debt Instruments◆
JSW JFE Electrical Steel's conversion of NCDs from secured to unsecured is a notable structural shift. This could become a trend if other companies seek to free up secured assets, potentially increasing the risk profile of existing debt instruments.
- Municipal Bond Market Governance Concerns◆
Pune Municipal Corporation's request for an extension to file audited financials raises governance questions for the nascent municipal bond market. This could slow investor appetite for such instruments until reporting standards are more robust.
Watch List (8)
- Regency Fincorp↓ (IMMEDIATE)👁
Monitor for any follow-up filings on the unpaid interest/principal amounts. If the issue persists, it could lead to regulatory action or a credit rating downgrade.
- JSW JFE Electrical Steel NCDs (SHORT-TERM)👁
Watch for trading activity and yield movement on the restructured (unsecured) NCDs. A spike in yield would indicate market repricing of risk.
- Pune Municipal Corporation (MEDIUM-TERM)👁
Track the submission of audited financials within the 60-day extension period. Any further delay would be a major red flag for municipal bond investors.
- AXISCADES Technologies↓ (MEDIUM-TERM)👁
Monitor for any credit rating or listing plans for its unrated, unlisted NCDs. The lack of transparency is a risk.
- Minda Corporation↓ (SHORT-TERM)👁
Watch for the outcome of the ₹500 Cr NCD issuance and the sale of its stake in EVQ Point Solutions. The proceeds could be used for debt reduction or growth.
- Motilal Oswal Financial Services↓ (SHORT-TERM)👁
The upcoming ₹900 Cr NCD issue is a key event. Monitor the coupon rate and subscription levels to gauge market appetite for financial sector debt.
- Mahindra & Mahindra Financial Services↓ (IMMEDIATE)👁
The ₹2,000 Cr NCD allotment on Sept 29 is a major event. Watch for the final coupon and oversubscription levels.
- JM Financial Services (SHORT-TERM)👁
Trading window closure from Oct 1 for Q2 results. Watch for any material debt-related announcements in the quarterly results.
Filing Analyses
(36)
24-09-2026
Varroc Engineering Limited has issued and allotted Commercial Paper (CP) aggregating to Rs. 50 crores, with a face value of Rs. 5,00,000 per unit and 1000 units, carrying a discount rate of 6.90%. The CP has a tenure of 90 days, maturing on December 23, 2026, and is unsecured with no special rights. The company is in the process of listing the CP on the National Stock Exchange of India Limited.
- · ISIN: INE665L14467
- · Tenure: 90 days
- · Date of Allotment: September 24, 2026
- · Date of Maturity: December 23, 2026
- · Interest payment: Upfront
- · Principal payment: On maturity
- · Security: Unsecured
- · Issued in favor of Kotak Mahindra Bank Limited
- · IPA: ICICI Bank Limited
- · Listing approval from NSE is pending
24-09-2026
RJ Corp Limited has allotted 1,01,000 Non-Convertible Debentures (NCDs) across two series, aggregating to ₹1010 Crore, with a face value of ₹1,00,000 each. Series II (37,500 NCDs) carries an 8.10% coupon and Series III (63,500 NCDs) carries an 8.20% coupon, both with a 3-year tenure. The company also received an additional premium of ₹92,42,625 on the subscription amount.
- · Board and shareholder approvals were obtained on November 21, 2025, and in-principle BSE approval on December 3, 2025.
- · NCDs are unsecured, listed, senior, rated, redeemable, and non-convertible.
- · Both series have a 3-year tenure.
- · Series III NCDs (63,500) outnumber Series II (37,500) and carry a higher coupon rate (8.20% vs 8.10%).
24-09-2026
Pune Municipal Corporation (PMC) has filed a request with SEBI seeking a 60-day extension for submitting its Audited Annual Financial Statements for FY 2025-26 (ISIN: INE807X0817). The delay is attributed to the ongoing Special Intensive Revision (SIR) of electoral rolls, which has deployed most PMC staff, including finance personnel, for over four months, materially delaying data compilation. PMC assures the delay is extraordinary and beyond its control, and remains committed to timely disclosure.
- · Staff from Finance & Accounts and other line departments have been engaged in the SIR exercise continuously for more than four months.
- · The Accounts Department cannot obtain requisite financial data from various departments due to the deployment.
- · The requested extension is 60 days from the date of the letter (September 24, 2026).
- · PMC confirms the delay is attributable solely to extraordinary circumstances beyond its control.
24-09-2026
Nuvama Wealth and Investment Limited has redeemed and paid the full amount due on a commercial paper (ISIN: INE523L14BI4) issued on April 23, 2026. The redemption was completed on September 24, 2026, fulfilling the company's debt obligation.
- · The commercial paper was issued under offer document dated April 23, 2026.
- · ISIN of the redeemed commercial paper: INE523L14BI4.
- · The redemption was intimated to BSE Limited on September 24, 2026.
24-09-2026
Indian Overseas Bank has paid the annual interest of ₹45,40,10,000 on its Basel III Tier II Bonds Series III (ISIN INE565A08035) on the due date of September 24, 2026. The bond issue size is ₹500 Crore, and the payment was made without any delay or change in frequency.
- · ISIN: INE565A08035
- · Interest payment record date: September 9, 2026
- · Last interest payment date: September 24, 2025
- · Frequency of interest payment: Annual
24-09-2026
CESC Limited has allotted 19,000 secured, unlisted, redeemable, rated non-convertible debentures at a face value of Rs.1,00,000 each, aggregating to Rs 190 Crore, on a private placement basis to Kotak Mahindra Bank Limited. The allotment was approved by a Committee of the Board on September 24, 2026.
- · The debentures have a face value of Rs.1,00,000 each.
- · The allotment follows prior communications dated September 17, 2026 and September 22, 2026.
- · The debentures are on a private placement basis.
24-09-2026
DSP Finance Private Limited has certified to BSE Limited that it made timely payment of the maturity amount of ₹2,50,00,00,000 for its listed Commercial Paper (ISIN INE422H14537) on the due date of September 24, 2026. This confirms the company's fulfillment of its payment obligations under SEBI regulations.
- · The Commercial Paper had scrip code 732106.
- · The payment was made on the same day as the maturity date (September 24, 2026).
- · The certificate was submitted in compliance with SEBI Master Circular SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025.
24-09-2026
Muthoot Housing Finance Company Limited has allotted 2,500 rated, listed, unsecured, redeemable, taxable, non-convertible debentures (NCDs) of face value ₹100,000 each, aggregating to ₹25 Crore on a private placement basis. The NCDs carry a coupon rate of 10.10% per annum payable monthly and have a tenure of 24 months, maturing on September 22, 2028. This is a routine debt issuance disclosure with no comparative period data or negative metrics.
- · ISIN for the NCDs: INE882Z08098
- · Maturity date: September 22, 2028
- · Coupon payable monthly on Coupon Payment Date(s)
24-09-2026
Sammaan Finserve Limited (formerly Indiabulls Commercial Credit Limited) has made timely payment of interest on its Secured Redeemable Non-Convertible Debentures listed on stock exchanges. The company paid ₹4.07206 lacs on ISIN INE244L07523 and ₹0.00473 lacs on ISIN INE244L07564, with the interest due on September 10, 2026, actually paid on September 23, 2026, and recorded on September 25, 2026. This is a routine compliance disclosure confirming no default or delay in debt servicing.
- · The interest payment was made on September 23, 2026, while the due date was September 10, 2026, and the record date was September 25, 2026.
- · The interest frequency for both debentures is monthly.
- · No change in interest payment details or frequency was reported.
- · The filing is made under Regulation 57 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
24-09-2026
Sammaan Finserve Limited certified that it paid the entire interest amount on four secured redeemable non-convertible debentures issued through a public issue, with total interest payments of ₹140.96150 Lakh. Payments were made on September 23, 2026, ahead of the September 25, 2026 due date, and no payment delays or redemption payments were reported.
- · ISIN INE244L07150 had a monthly interest frequency, an interest due date of 10/09/2026, and an actual payment date of 23/09/2026.
- · ISIN INE244L07168 had a monthly interest frequency, an interest due date of 10/09/2026, and an actual payment date of 23/09/2026.
- · ISIN INE244L07176 had a yearly interest frequency, an interest due date of 10/09/2026, and an actual payment date of 23/09/2026.
- · ISIN INE244L07184 had a yearly interest frequency, an interest due date of 10/09/2026, and an actual payment date of 23/09/2026.
- · The record date was 25/08/2026 for the two monthly-interest series and 25/09/2025 for the two yearly-interest series.
- · Redemption details were reported as NA.
24-09-2026
Grasim Industries has fully repaid its commercial paper (ISIN: INE047A14BC0) on its maturity date of September 24, 2026. The repayment amount was ₹750 crore, covering all 15,000 outstanding commercial papers, leaving a nil outstanding balance. This routine debt maturity event reflects the company's adherence to its repayment obligations.
- · The commercial paper had a maturity date of September 24, 2026, and was repaid in full on the same date.
- · The outstanding amount after repayment is nil.
24-09-2026
Aditya Birla Capital Limited has made timely interest payments on two series of its Non-Convertible Debentures (NCDs) due September 24, 2026. A total of ₹2,738.64 lakh (₹27.39 Cr) was paid, comprising ₹520.24 lakh on Series 'F3' (quarterly) and ₹2,218.40 lakh on Series 'F4' (yearly). The payments were made on the due date with no delays or defaults, confirming the company's continued debt servicing capability.
- · The interest payment record date for both series was September 9, 2026.
- · Series 'F3' has a quarterly interest payment frequency; the last payment was made on June 24, 2026.
- · Series 'F4' has a yearly interest payment frequency; this was its first interest payment (no prior date).
- · The filing was made under Regulation 57 of SEBI (LODR) Regulations, 2015.
24-09-2026
Redington Limited redeemed a commercial paper of ₹1,500,000,000 (INR 1.5 billion) on its maturity date, September 24, 2026, as per the details provided to BSE Limited. The redemption was completed on schedule, indicating no default or extension.
- · ISIN: INE891D14C44
- · Issue date: June 25, 2026
- · Maturity date: September 24, 2026
- · Redemption date: September 24, 2026 (on schedule)
24-09-2026
SBFC Finance Limited has made a timely full redemption of its commercial paper (ISIN INE423Y14019) on the maturity date of September 24, 2026. The company redeemed 3,000 units with a total face value of ₹1,50,00,00,000 (₹150 Crore), leaving no outstanding amount. This routine debt servicing event demonstrates the company's ability to meet its short-term obligations on schedule.
- · The redemption was a full redemption (not partial).
- · The due date and actual redemption date both fell on 24/09/2026, indicating no delay.
- · Outstanding amount after redemption is NIL.
- · No interest payment was due on this instrument (date of last interest payment marked as '--').
24-09-2026
Mahindra & Mahindra Financial Services Limited has approved the issuance of up to 2,00,000 secured, rated, listed, redeemable non-convertible debentures (NCDs) on a private placement basis, with a total issue size of up to ₹2,000 crore (including a green shoe option of ₹1,000 crore). The debentures carry a fixed coupon of 7.95% p.a., have a tenure of 2 years and 364 days (maturity on 28th September 2029), and are secured by an exclusive charge on receivables and assets. The allotment is scheduled for 29th September 2026.
- · Debentures are secured by an exclusive charge on present/future receivables under loan contracts, hire purchase/lease, owned assets, and book debts to the extent of 1.1x of outstanding debentures.
- · Security will be created on assets free from any encumbrances.
- · In case of default in coupon/principal payment, additional interest of 2% p.a. over the coupon is payable for the defaulting period.
- · Debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.
- · Allotment date: 29th September 2026 (deemed date); Maturity date: 28th September 2029.
24-09-2026
Bharat Petroleum Corporation Ltd. (BPCL) has fully redeemed a Commercial Paper (ISIN INE029A14BV8) of ₹3,000 Crore on its maturity date of September 24, 2026. The redemption was a full redemption of 60,000 commercial papers, leaving an outstanding amount of Nil. This is a routine debt servicing event with no financial impact beyond the expected repayment.
- · The Commercial Paper was issued on July 6, 2026, with a maturity date of September 24, 2026.
- · The redemption was a full redemption (not partial).
- · The outstanding amount after redemption is Nil.
24-09-2026
Avanse Financial Services Limited has confirmed the timely repayment of its commercial paper (ISIN INE087P14853) on the scheduled maturity date of September 24, 2026, as required under SEBI's Master Circular for debt securities.
24-09-2026
360 ONE Prime Limited has redeemed 2,420 commercial papers (ISIN INE248U14TT8) on September 24, 2026, fulfilling its payment obligation. This is a routine debt servicing event with no financial impact beyond the scheduled redemption.
- · Redemption date: September 24, 2026
- · ISIN: INE248U14TT8
- · Scrip Code: 732200
- · Payment was made on the scheduled redemption date
24-09-2026
Laxmi India Finance Limited (formerly Laxmi India Finance Private Limited) certified timely payment of monthly interest due on its 50,000 Non-Convertible Debentures (ISIN INE06WU07072, issue size ₹50,00,00,000) for the period ending September 24, 2026. The interest amount of ₹37,15,753 (including TDS) was paid on the due date with no delays or defaults.
- · Interest payment frequency is monthly.
- · Last interest payment before this was made on 24/08/2026.
- · Interest payment record date was 09/09/2026.
- · No change in frequency of payment.
- · No redemption payments applicable at this time.
- · Company was formerly known as Laxmi India Finance Private Limited.
24-09-2026
Regency Fincorp Limited disclosed to BSE a certificate under Regulation 57 regarding timely payment of interest on its listed rated secured Non-Convertible Debentures (ISIN: INE964R07101, issue size ₹40,00,00,000). The company paid ₹47,55,926 out of the total interest amount of ₹47,56,164 due on September 23, 2026, but a minor amount of ₹238 could not be paid to two debenture holders due to a mismatch in banking details in BENPOS. No redemption payments were involved.
- · The debentures are rated and secured with a monthly interest payment frequency.
- · No change in frequency of payment.
- · Outstanding amount remains the full issue size of ₹40,00,00,000 (no redemption).
- · Record date for interest payment was September 8, 2026.
- · Non-payment of ₹238 is attributed to mismatch of banking details in BENPOS for two debenture holders.
24-09-2026
JM Financial Services Limited has announced a trading window closure for its Non-Convertible Debentures (NCDs) from October 01, 2026, until 48 hours after the unaudited financial results for the quarter ending September 30, 2026 are publicly announced. This is a routine compliance disclosure under SEBI (Prohibition of Insider Trading) Regulations, 2015, with no financial impact or operational changes.
- · Trading window closure period: October 01, 2026 until 48 hours after Q2 FY27 financial results announcement.
- · The date of the Board Meeting for approving the financial results will be intimated separately.
- · Company CIN: U67120MH1998PLC115415; Registered office in Mumbai.
24-09-2026
Jubilant Ingrevia Limited issued listed, unsecured Commercial Papers of ₹100 Crores on September 24, 2026, with a 90-day tenure, 6.30% per annum interest offered upfront, and maturity on December 23, 2026. The aggregate Commercial Papers outstanding, including this issue, are ₹100 Crores; the issuance is within the Finance Committee-approved limit of ₹600 crore outstanding at any point in time.
- · The Commercial Papers are listed on the National Stock Exchange of India Limited (NSE).
- · The Commercial Papers are unsecured and carry no special rights, interests, or privileges.
- · The date of allotment is September 24, 2026, and the date of maturity is December 23, 2026.
- · Principal repayment is scheduled on maturity, while interest is payable upfront.
- · The Finance Committee approved issuance of Commercial Papers up to ₹600 crore outstanding at any point in time, in one or more tranches, at its meeting held on October 23, 2024.
- · No delay or default in payment of interest or principal was reported.
24-09-2026
Poonawalla Fincorp Limited has made a timely interest payment of ₹1,093,492,039.50 (net of TDS) on its Non-Convertible Debentures (ISIN: INE511C07912) due on September 24, 2026. The payment was made on the due date with no delay or default, and the interest is paid annually. This is a routine debt servicing disclosure under SEBI regulations.
- · The interest payment frequency is annual, with the last interest payment made on September 24, 2025.
- · The interest record date was September 9, 2026.
- · No change in frequency of payment or delay in payment was reported.
24-09-2026
Regency Fincorp Limited submitted a certificate under Regulation 57 of SEBI LODR confirming timely payment of interest and partial redemption of its listed NCDs (ISIN: INE964R07069, issue size ₹50,00,00,000). Interest of ₹1,41,08,575 was paid on the due date of September 23, 2026, though ₹6,493 could not be disbursed to three debenture holders due to bank account mismatches. Additionally, a partial redemption of ₹10,00,00,000 was made on the same due date, but ₹46,000 due to three other holders could not be paid for the same reason.
- · Regulation 57 certificate covers both interest and partial redemption payments.
- · Interest payment frequency is quarterly.
- · Partial redemption was on face value basis, not quantity/lot/pro-rata.
- · The company's Scrip Code is 977676.
- · Date of filing/certificate: September 24, 2026.
- · Previous name of company: Regency Investments Limited.
24-09-2026
Nexus Select Trust redeemed INR 250 Crore of Commercial Papers on September 24, 2026, upon maturity. The full redemption of 5,000 CPs leaves no outstanding amount under ISIN INE0NDH14163. This is a routine debt servicing event with no financial impact beyond the scheduled repayment.
- · ISIN: INE0NDH14163
- · Redemption type: Full
- · Reason for redemption: Maturity
- · Due date and actual date of redemption: September 24, 2026
- · Outstanding amount after redemption: NIL
24-09-2026
Arka Fincap Limited has confirmed timely interest payment on its non-convertible debentures (ISINs INE03W107231 and INE03W107256) for the quarter ending September 2026. The company paid ₹33,10,103.04 on Series III and ₹23,88,394.24 on Series V, with the actual payment date (September 24, 2026) occurring three days before the due date (September 27, 2026). This filing demonstrates continued compliance with SEBI listing obligations and no payment delays or defaults.
- · Interest payment record date was September 11, 2026
- · Last interest payment was made on June 24, 2026
- · The debentures have a face value of Rs. 1,000 each
- · Interest is paid quarterly with no change in frequency
24-09-2026
IKF Home Finance Limited has paid quarterly interest of ₹98,80,548 on its Non-Convertible Debentures (ISIN INE02VP07065) on September 23, 2026, one day before the due date of September 24, 2026. The payment was made in compliance with SEBI Listing Regulations, with no delay or change in frequency.
- · Record date for the interest payment was September 9, 2026.
- · Last interest payment was made on June 24, 2026.
- · Interest is paid on a quarterly frequency with no change in frequency.
- · The debentures are rated, senior, secured, listed, transferable, and redeemable.
24-09-2026
MAS Financial Services Limited allotted 1,75,000 rated, listed, senior, secured, redeemable, non-convertible debentures with a face value of INR 10,000 each, aggregating to INR 175,00,00,000 (INR 175 Crore) on a private placement basis. The debentures carry a coupon rate of 8.55% per annum, payable quarterly, with a tenure of 24 months maturing on September 24, 2028. The issue is rated 'CARE AA-/Stable' by CARE Ratings Limited and will be listed on the Wholesale Debt Market segment of BSE Limited.
- · Debentures are secured by a first ranking exclusive charge over identified receivables, investments, and cash/fixed deposits, with hypothecated assets valued at least 1.1 times the outstanding debenture amount.
- · Debentures are proposed to be listed on the Wholesale Debt Market segment of BSE Limited.
- · Date of allotment and maturity: September 24, 2026 and September 24, 2028 respectively, tenure of 24 months.
- · Coupon payments are quarterly; principal is payable on the Final Redemption Date.
- · No special rights/privileges attached to the debentures; no delay in payment or cancellation of the issuance.
24-09-2026
Motilal Oswal Financial Services Limited's Finance Committee approved the issuance of up to 90,000 secured, rated, redeemable, listed senior NCDs of face value Rs. 1,00,000 each, aggregating up to Rs. 900 Crore, on a private placement basis. The NCDs will have a tenure of 3 years and 26 days and are proposed to be listed on NSE. The company confirmed no delay or default in payment of interest or principal on existing NCDs.
- · The NCDs are secured by a first ranking pari passu charge by way of hypothecation on all present and future receivables of the company, with a minimum security cover of 1.00x of outstanding principal and interest.
- · The issue is on a private placement basis.
- · The Finance Committee meeting commenced at 10:30 a.m. and concluded at 11:00 a.m. on September 24, 2026.
- · The NCDs are proposed to be listed on the National Stock Exchange of India Limited (NSE).
- · The coupon/interest schedule and redemption details are specified in the Key Information Document (KID) dated September 24, 2026.
24-09-2026
AXISCADES Technologies Limited has allotted 20,000 unrated, unlisted, secured, redeemable non-convertible debentures (NCDs) on a private placement basis, with a face value of ₹1,00,000 each, aggregating to ₹200,00,00,000 (₹200 Crore). The allotment was approved by the Board via circular resolution on September 24, 2026, following an earlier intimation on September 5, 2026.
- · The NCDs are unrated and unlisted, indicating a private placement to select investors.
- · The debentures are secured and redeemable, with tenure and redemption terms to be specified in the issue document.
- · The allotment was made via a circular resolution of the Board of Directors on the same date as the filing.
24-09-2026
Muthoot Capital Services Limited has confirmed timely payment of interest on its debentures (ISIN: INE296G07333) for the monthly period ending September 24, 2026. The interest amount of ₹78,56,164.38 was paid on September 23, 2026, one day before the due date, with no change in payment frequency or any delay. This is a routine regulatory disclosure under SEBI Listing Regulations and does not indicate any material financial event.
- · Interest payment frequency is monthly.
- · Interest payment record date was September 8, 2026.
- · Actual payment was made one day early on September 23, 2026.
- · No change in payment frequency or any delay reported.
24-09-2026
Minda Corporation's board approved a ₹500 crore non-convertible debenture issuance, incorporation of a wholly owned subsidiary in China with up to $1 million investment, and the sale of its 29.5% stake in EVQ Point Solutions. The company also noted a one-day delay in filing shareholding pattern with BSE, resulting in a ₹2,000 penalty, which has been paid. Key management appointments include Ms. Meenal Bansal as Company Secretary & Compliance Officer and Mrs. Geetika Mishra as Chief Procurement Officer.
- · The board meeting commenced at 11:15 A.M. and concluded at 12:30 P.M.
- · The debentures (face value ₹1,00,000 each) will be issued via private placement to eligible investors.
- · The Chinese subsidiary is for exploring new business opportunities in the automotive industry.
- · The sale of the stake in EVQ Point Solutions is not a related party transaction.
- · Ms. Meenal Bansal has over 15 years of experience in Company Secretary and Legal domain.
- · Mrs. Geetika Mishra has over 25 years of experience in strategic sourcing and supply chain.
24-09-2026
North Eastern Electric Power Corporation Ltd. (NEEPCO), a wholly owned subsidiary of NTPC Ltd., has made the half-yearly interest payment of ₹7,19,86,000 (including TDS) on its Unsecured Redeemable Non-Convertible Taxable Bonds (XXIIIrd Series, ISIN INE636F08066) of ₹200 crore. The payment was made one day early on September 23, 2026, instead of the due date of September 24, 2026, due to an anticipated bank strike. This is a routine debt servicing disclosure with no negative implications.
- · The interest payment was made one day early (September 23, 2026) due to an anticipated bank strike.
- · The previous interest payment was made on March 24, 2026.
- · The interest payment record date was September 8, 2026.
- · The bonds are unsecured, redeemable, non-convertible, and taxable.
- · NEEPCO is a Miniratna Category-I company and a wholly owned subsidiary of NTPC Ltd.
24-09-2026
ICICI Home Finance Company Limited has informed BSE Limited of the timely payment of ₹2,50,00,00,000 (₹250 Crore) to investors of its commercial paper (ISIN INE071G14IC2) on the maturity date of September 24, 2026. The payment was made on the same day as maturity, fulfilling the company's obligation under SEBI circular requirements.
- · The commercial paper matured on September 24, 2026, and payment was made on the same date.
- · The filing was made under Chapter XVII of SEBI Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021.
24-09-2026
JSW JFE Electrical Steel Nashik Private Limited has received final listing approval from BSE Limited to change the nature/terms of its listed Non-Convertible Debentures (NCDs) from secured to unsecured. The suspension of trading in the NCDs has been revoked effective September 24, 2026, and the restructured ISIN (INE1EY608024) is now available for trading with revised terms.
- · BSE Notice No. 20260916-25 granted final listing approval for the change from secured to unsecured NCDs.
- · Revised/restructured ISIN: INE1EY608024 (erstwhile ISIN: INE1EY607018).
- · Trading suspension revoked effective September 24, 2026.
- · Scrip Code: 976360.
24-09-2026
Manba Finance Limited has allotted 50,000 secured, rated, listed, redeemable, taxable, non-convertible debentures (NCDs) of face value ₹10,000 each, aggregating to ₹50,00,00,000 (₹50 Crore), on a private placement basis. The NCDs carry a coupon rate of 10.65% and have a tenure of 26 months, maturing on November 24, 2028. The debentures are secured by an exclusive charge over a specific portfolio of receivables with a minimum security cover of 1.10 times the outstanding principal and coupon.
- · The NCDs are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.
- · ISIN: INE939X07275.
- · Principal and interest are payable monthly starting October 24, 2026, with 26 scheduled payments through November 24, 2028.
- · Security cover of 1.10 times the outstanding principal and coupon must be maintained at all times.
- · A penal interest of 2.00% over the coupon rate applies for delays in interest/principal payment beyond three months.
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