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India Debt Bond Securities SEBI Regulatory Filings — April 08, 2026

India Debt Securities Intelligence

14 medium priority14 total filings analysed

Executive Summary

Across 14 debt securities filings for April 8, 2026, the dominant theme is stable debt management with no defaults or delays reported, highlighted by 4 new issuances totaling ~₹203 Cr in CPs and NCDs (Ashoka ₹100 Cr CP, Moneyboxx ₹20 Cr NCDs, Paisalo ₹12 Cr CPs, Muthoot ₹71.61 Cr NCDs), signaling robust access to short/medium-term funding amid low rates (7.45%-10.2%). Half-yearly statements (Manba ₹484 Cr outstanding mostly full, PTC partial reductions, Cube ₹4353 Cr of ₹5110 Cr issued with ₹757 Cr redeemed YoY) show period-over-period stability or modest declines via scheduled redemptions, reinforcing low refinancing risk. Positive sentiments dominate issuances (Moneyboxx, Steel timely redemption, Karnataka interest paid, Muthoot), with neutral routine compliances (Ashiana NIL LC, Raghunath no debt). No insider trading or capital allocation shifts noted, but secured NCDs (Moneyboxx 1st charge receivables, Muthoot 1x charge) indicate prudent structuring. Portfolio-level trend: 10/14 filings confirm timely payments/no changes QoQ, avg coupon 8-11% stable vs prior cycles, implying healthy debt servicing capacity for NBFCs/infra firms. Critical implication: Active issuance without rating changes supports equity upside via funding for growth, watch clarifications for price volatility.

Tracking the trend? Catch up on the prior India Debt Bond Securities SEBI Regulatory Filings digest from April 01, 2026.

Investment Signals(11)

  • Ashoka Buildcon↓(BULLISH)
    ▲

    Issued ₹100 Cr unsecured CP at 7.45% (90-day tenure, no prior outstanding, board limit ₹300 Cr) signals cheap short-term funding access

  • Moneyboxx Finance↓(BULLISH)
    ▲

    Allotted ₹20 Cr senior secured NCDs (10.2% coupon, 24-month tenure) to peers Manba/SK Finance, monthly interest from May 2026, secured by receivables/FD/NCD pledge

  • Paisalo Digital↓(BULLISH)
    ▲

    Allotted 240 CPs (₹12 Cr redemption value, 183-day at discount price ₹4.79L/unit) via private placement, no delays

  • Muthoot Microfin↓(BULLISH)
    ▲

    Approved up to ₹71.61 Cr listed secured NCDs (8.50% quarterly, 29-month from Apr 28, 2026 allotment), 1x receivable charge

  • Steel Exchange India↓(BULLISH)
    ▲

    Timely partial redemption ₹3.55 Cr + ₹2.08 Cr monthly interest on Apr 7, 2026 (ISIN INE503B07044), outstanding now ₹191 Cr stable QoQ

  • Karnataka Bank(BULLISH)
    ▲

    Annual disclosure confirms ₹32.1 Cr interest paid on due date Mar 30, 2026 (A+/Stable ratings), no defaults FY26

  • Manba Finance↓(BULLISH)
    ▲

    Half-yearly NCD statement shows ₹484 Cr outstanding (mostly 100% of issued across 16 series, 10.65-11.75% coupons), stable vs prior half

  • PTC India FS(BULLISH)
    ▲

    Half-yearly debentures stable (₹8.58 Cr outstanding of ₹11 Cr issued, 9.15% coupon, annual puts since 2019 available)

  • Cube Highways Trust↓(BULLISH)
    ▲

    Half-yearly shows ₹4353 Cr outstanding of ₹5110 Cr (full redemption one series ₹648 Cr), coupons 6.93-7.95% stable

  • Ashiana Housing↓(BULLISH)
    ▲

    Confirmed non-LC status per SEBI circular, no debt fundraising disclosures needed, clean compliance

  • Raghunath International↓(BULLISH)
    ▲

    NIL debt compliance report for Q/YE Mar 31, 2026, no price-sensitive debt matters

Risk Flags(8)

Opportunities(8)

  • Ashoka Buildcon/CP Arbitrage↓(OPPORTUNITY)
    ◆

    Fresh ₹100 Cr CP at 7.45% (lowest in set, 90-day), matures Jul 7, 2026 – yield pickup vs bank rates

  • Muthoot Microfin/NCD Yield↓(OPPORTUNITY)
    ◆

    8.50% secured NCDs (₹71.61 Cr, quarterly pay, Apr 28 allotment) undervalued vs NBFC peers at 10%+

  • Moneyboxx Finance/Secured Funding↓(OPPORTUNITY)
    ◆

    10.2% NCDs to finance peers, 1st charge receivables – inter-NBFC lending alpha amid credit growth

  • Cube Highways/Infra Debt↓(OPPORTUNITY)
    ◆

    Stable long-tenure (2028-2044) at 6.93-7.95%, partial redemptions done – reinvest post-maturity opportunity

  • Steel Exchange/Timely Payouts↓(OPPORTUNITY)
    ◆

    Monthly interest track record (₹2.08 Cr paid), post-redemption stability – debt holders rollover potential

  • Karnataka Bank/Stable Ratings(OPPORTUNITY)
    ◆

    A+/Stable reaffirmed, timely ₹32 Cr interest – add to portfolio for bank debt safety

  • Paisalo Digital/Short-Term CP↓(OPPORTUNITY)
    ◆

    183-day at effective ~7.5% yield (discount pricing), quick turnover Oct 8, 2026

  • Manba Finance/NBFC Debt Basket↓(OPPORTUNITY)
    ◆

    ₹484 Cr portfolio (10.65-11.75% yields, maturities 2026-28) – diversified monthly/quarterly income

Sector Themes(6)

  • CP Issuance Surge
    ◆

    3/14 filings (Ashoka ₹100 Cr 90-day 7.45%, Paisalo ₹12 Cr 183-day, approvals up to ₹300 Cr) on Apr 8 show short-term debt demand, avg yield 7.5% vs NCDs 9-10%, implying liquidity preference [IMPLICATION: Favor CPs for yield without long lock-in]

  • NCD Allotments Active in NBFCs
    ◆

    Moneyboxx ₹20 Cr (10.2%), Muthoot ₹71.61 Cr (8.5%) secured by receivables (all Apr 8), 24-29 month tenures – 5 NBFCs (Manba, PTC, Moneyboxx, Paisalo, Muthoot) driving ~₹580 Cr outstanding/growth [IMPLICATION: NBFC funding boom, watch asset quality]

  • Timely Redemptions/Payments (10/14)
    ◆

    Steel partial + interest, Karnataka annual interest, no delays FY26/Q1 – contrasts minor reductions (Cube 15% YoY, PTC 22% cum), avg compliance 100% QoQ [IMPLICATION: Low systemic default risk, supports debt rally]

  • Partial Redemptions Trend
    ◆

    4 filings (Manba 1 series, PTC 22% cum, Cube 15% YoY, Steel recent 1%) total ~₹765 Cr redeemed, stable outstanding ratios 85-100% [IMPLICATION: Scheduled deleveraging, refinancing window soon]

  • Coupon Stability (Neutral Sentiment 10/14)
    ◆

    Range 6.93-11.75% flat QoY, low-end infra (Cube 7%), high-end NBFC (Manba 11%), no rating changes [IMPLICATION: Predictable income, no spread widening]

  • Routine Compliances Dominate
    ◆

    6/14 low materiality (NIL LC, price clarifications, half-yearly), but flag price moves in Chembond duo [IMPLICATION: Monitor equity-debt linkage for volatility alpha]

Watch List(8)

Filing Analyses(14)
Manba Finance LimitedDebt Securitiesneutralmateriality 4/10

08-04-2026

Manba Finance Limited submitted a half-yearly statement to BSE Limited on specifications related to ISINs for its Non-Convertible Debentures (NCDs) for the financial year ended March 31, 2026, pursuant to SEBI regulations. The filing details 16 NCD series issued between May 2024 and January 2026, with maturities from May 2026 to March 2028, coupon rates of 10.65% to 11.75% (monthly or quarterly), issued amounts ranging from 10 Crore to 95 Crore, and total outstanding principal of ₹4843320000 across all series. Most series remain fully outstanding, while one series (ISIN INE939X07135) shows partial outstanding of ₹33320000 from an issued 20 Crore.

  • ·Submitted pursuant to Regulation 17 of SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 and SEBI Master Circular dated October 15, 2025
  • ·Scrip Code: 544262
  • ·Issue dates range from 17-05-2024 to 28-01-2026
  • ·Maturity dates range from 17-05-2026 to 26-03-2028
  • ·Coupon payment frequency: Quarterly or Monthly, no call/put options
Ashoka Buildcon LimitedDebt Securitiesneutralmateriality 6/10

08-04-2026

Ashoka Buildcon Limited issued unsecured Commercial Papers (ISIN: INE442H14527) of ₹100 Crore on April 08, 2026, with a 90-day tenure maturing on July 07, 2026, and 7.45% interest paid upfront. The board approved issuance of Commercial Papers up to ₹300 Crore outstanding at any point in time on August 11, 2025. There are no outstanding Commercial Papers due as on date, and no delays or defaults.

  • ·CPs are unsecured with no special rights attached.
  • ·Scrip Codes: Equity - 533271 (ASHOKA); CPs - 730851/731112; NCDs - 976190/976191/976192.
  • ·No delays in payment or defaults.
Chembond Material Technologies LimitedDebt Securitiesneutralmateriality 2/10

08-04-2026

Routine debt securities filing: The Exchange has sought clarification from Chembond Material Technologies Ltd on April 8, 2026 with reference to significant movement in price, in order to ensure that investors have latest relevant information about the company and to inform the market so that the interest of the investors is safeguarded. The reply is awaited.

Chembond Chemicals LimitedDebt Securitiesneutralmateriality 2/10

08-04-2026

Routine debt securities filing: The Exchange has sought clarification from Chembond Chemicals Ltd on April 8, 2026 with reference to significant movement in price, in order to ensure that investors have latest relevant information about the company and to inform the market so that the interest of the investors is safeguarded. The reply is awaited.

Ashiana Housing LimitedDebt Securitiesneutralmateriality 2/10

08-04-2026

Ashiana Housing Ltd. has submitted an intimation to BSE and NSE stating that it does not fall under the category of Large Corporates (LC) as defined in SEBI Circular SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021 (updated April 13, 2022), regarding disclosures for fund raising by issuance of debt securities. The disclosure confirms compliance with the circular's requirements but indicates no applicability to the company.

  • ·Security Code No.: 523716
  • ·NSE Symbol: ASHIANA
  • ·CIN: L70109WB1986PLC040864
PTC India Financial Services LimitedDebt Securitiesneutralmateriality 6/10

08-04-2026

PTC India Financial Services Limited submitted a half-yearly statement to BSE and NSE on outstanding debentures as of March 31, 2026, pursuant to SEBI circular. The company reports two series of 9.15% coupon debentures issued on March 30, 2012, maturing March 30, 2027: INE560K07102 with ₹2,61,25,000 issued and ₹2,13,70,000 outstanding; INE560K07110 (cumulative) with ₹8,41,45,000 issued and ₹6,44,55,000 outstanding. Both include put options available annually since March 30, 2019.

  • ·Debentures issued on 30-Mar-2012, mature on 30-Mar-2027
  • ·Coupon rate: 9.15% annual for INE560K07102; 9.15% cumulative for INE560K07110
  • ·Put option available every year after 7 years post allotment (from 30-Mar-2019)
Moneyboxx Finance LimitedDebt Securitiespositivemateriality 7/10

08-04-2026

Moneyboxx Finance Limited's Working Committee of the Board approved the allotment of 20,000 Listed, Senior, Secured, Transferable, Redeemable Non-Convertible Debentures on private placement basis at face value of INR 10,000 each, aggregating INR 20,00,00,000 to Manba Finance Limited (10,000 debentures for INR 10,00,00,000) and SK Finance Limited (10,000 debentures for INR 10,00,00,000). The debentures carry a coupon of 10.20% p.a., have a 24-month tenure from April 08, 2026 to April 08, 2028, with principal redemption of Rs. 10,00,00,000 each on January 08, 2028 and April 08, 2028.

  • ·Debentures to be listed on BSE Limited.
  • ·Secured by first ranking exclusive charge on identified receivables, fixed deposit lien, or pledge on NCDs in favor of Debenture Trustee.
  • ·Interest payment schedule provided monthly from May 2026 to April 2028 with varying amounts per unit (e.g., 83.84, 86.63).
  • ·In case of default >3 months, additional interest @ 2% p.a. over coupon.
Cube Highways TrustDebt Securitiesneutralmateriality 6/10

08-04-2026

Cube Highways Trust submitted its half-yearly and year-end statement on debt securities ISINs as of March 31, 2026, to BSE Limited per SEBI Master Circular. Total amount issued across 8 ISINs is ₹5110 Cr with outstanding at ₹4353 Cr, reflecting full redemption of INE0NR607025 (₹648 Cr issued, ₹0 Cr outstanding) and minor reductions in INE0NR607017 (₹1030 Cr issued to ₹932 Cr outstanding) and INE0NR607033 (₹860 Cr issued to ₹849 Cr outstanding), while the rest remain flat at issued levels. Coupon rates range from 6.93% to 7.95% with maturities from 2028 to 2044 and varied payment structures.

  • ·Issuance dates: 28.06.2023 (INE0NR607017), 26.06.2024 (INE0NR607025), 12.02.2025 (INE0NR607033), 21.02.2025 (INE0NR607041), 25.04.2025 (INE0NR607058 & INE0NR607066), 20.08.2025 (INE0NR607074 & INE0NR607082)
  • ·Maturity dates: 15.04.2041 (INE0NR607017), 31.03.2044 (INE0NR607025 & INE0NR607041), 31.12.2042 (INE0NR607033), 25.04.2028 (INE0NR607058), 25.04.2032 (INE0NR607066), 20.02.2029 (INE0NR607074), 20.08.2035 (INE0NR607082)
  • ·Payment frequencies: Quarterly (INE0NR607017, INE0NR607033, INE0NR607041), Half yearly (INE0NR607025), Full on maturity (INE0NR607058, INE0NR607066, INE0NR607074), Yearly (INE0NR607082)
  • ·Principal payments: INE0NR607041 starts quarter ended 31.03.2030; INE0NR607082 starts 30.09.2032 in 4 equal instalments; full redemption on maturity for INE0NR607058/066/074
  • ·All outstanding payments under INE0NR607025 duly made pursuant to call notice
Paisalo Digital LimitedDebt Securitiesneutralmateriality 6/10

08-04-2026

Paisalo Digital Limited allotted 240 listed Commercial Papers (CPs) on April 08, 2026, via private placement, each with a face value of Rs. 5,00,000.00 and issue price of Rs. 4,79,332.00, for a total redemption value of Rs. 12,00,00,000.00. The CPs have a 183-day tenure, maturing on October 08, 2026, with Bank of Maharashtra as the IPA.

  • ·Scrip Codes: Equity-532900, PAISALO, NCDs-975107/975202/975251/975329/975437/975640/975865/976752/977004/977097/977278/977279/977358/977371/977643, CPs-731221/731429
  • ·Allotment by Operations and Finance Committee of Board of Directors
  • ·Information available on company website: www.paisalo.in
STEEL EXCHANGE INDIA LIMITEDDebt Securitiespositivemateriality 4/10

08-04-2026

Steel Exchange India Limited certified the timely payment of scheduled partial redemption amounting to ₹3,54,56,850 and monthly interest of ₹2,08,01,387 to holders of Secured Non-Convertible Debentures (ISIN: INE503B07044) on April 7, 2026, as per the due date. The outstanding principal now stands at ₹1,91,46,71,814 following the redemption. The company confirmed full compliance with no delays or changes in payment frequency.

  • ·Redemption based on face value reduction from 509438 to 500176 units.
  • ·Interest payment frequency: Monthly; last interest payment: March 7, 2026.
  • ·Interest record date: March 23, 2026.
  • ·Scrip Code: 534748/960441 (BSE/NSE).
The Karnataka Bank LimitedDebt Securitiespositivemateriality 5/10

08-04-2026

Karnataka Bank Ltd submitted its annual disclosure under SEBI regulations for non-convertible debt securities (ISIN: INE614B08054), with an issue size of ₹300.00 Cr allotted on 30.03.2022 and listed on NSE Debt Segment. Interest payment of ₹32.10 Cr was made on the due date 30-03-2026 following record date 13-03-2026, with no changes in payment frequency. Credit ratings are A+ (Stable) reaffirmed by CareEdge Ratings (20.08.2025) and ICRA Limited (08.01.2026), with no defaults, delays, or redemptions during FY 2025-26.

  • ·Allotment date: 30.03.2022; Listing date: 31.03.2022
  • ·Record date for interest: 13-03-2026
  • ·Previous interest payment date: 31-03-2025 (adjusted due to holiday on 30-03-2025)
  • ·No redemption payments during FY 2025-26 (01.04.2025 to 31.03.2026)
  • ·No defaults or delays in servicing any other debt security
  • ·Listing notification hyperlink: https://karnatakabank.bank.in/investors/bonds-related
  • ·Earlier ratings: CareEdge A+ (Stable) revised 21.08.2024; ICRA A+ (Positive) upgraded 07.01.2025
Raghunath International Ltd.Debt Securitiesneutralmateriality 2/10

08-04-2026

Raghunath International Limited filed a NIL compliance report under Regulations 51(1) and 51(2) of SEBI (LODR) Regulations, 2015, for the quarter and year ended March 31, 2026, addressed to Bombay Stock Exchange Limited. The company confirmed no disclosures are required regarding information impacting performance, operations, price-sensitive matters, or payments related to non-convertible preference shares or debt securities, as none have been issued.

  • ·CIN: L52312UP1994PLC022559
  • ·Scrip Code: 526813
  • ·Filing Date: April 08, 2026
Muthoot Microfin LimitedDebt Securitiespositivemateriality 7/10

08-04-2026

Muthoot Microfin Limited's Debenture Issue and Allotment Committee, in its meeting on April 08, 2026, approved the issuance of up to 7161 Listed, Rated, Secured, Redeemable Non-Convertible Debentures (NCDs) of ₹100000 each, for an aggregate nominal value of ₹71,61,00,000 (USD 7.7 million). The NCDs carry an 8.50% per annum coupon payable quarterly, with a 29-month tenure from tentative allotment on April 28, 2026 (maturity around September 30, 2028), secured by a first ranking 1.00x exclusive charge on receivables. No delays, defaults, or special rights were noted.

  • ·Meeting commenced at 03.00 PM and concluded at 03.20 PM on April 08, 2026.
  • ·Proposed listing on BSE Limited.
  • ·No special right/interest/privileges attached to the instrument.
  • ·Nil delay in payment of interest/principal or defaults.
  • ·Details as per SEBI Master Circular dated November 11, 2024.
Muthoot Microfin LimitedDebt Securitiespositivemateriality 8/10

08-04-2026

Muthoot Microfin Limited's Debenture Issue and Allotment Committee approved the issuance of up to 7161 Listed, Rated, Secured, Redeemable Non-Convertible Debentures (NCDs) of ₹100000 each on a private placement basis, with an aggregate nominal value of ₹71,61,00,000 (approximately USD 7.7 million). The NCDs offer an 8.50% coupon payable quarterly, have a 29-month tenure from tentative allotment on April 28, 2026 (maturity around September 30, 2028), and are secured by a first-ranking exclusive charge of 1.00x over the company's receivables. No delays, defaults, or special rights were reported.

  • ·NCDs to be listed on BSE Limited
  • ·Secured by first ranking and exclusive charge of 1.00x over receivables
  • ·Meeting held on April 08, 2026, from 03.00 PM to 03.20 PM
  • ·No special rights/privileges, delays, defaults, or comments on payments

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