Description
BSE notifies trading members about part redemption of BIRLA CORPORATION LTD. non-convertible debentures with reduced face value effective August 1, 2025.
Summary
BSE has notified trading members that BIRLA CORPORATION LTD. has fixed the record date for part redemption of its 9.25% non-convertible debentures maturing on August 18, 2026. The debentures will trade with a reduced face value of Rs. 400,000 per debenture effective August 1, 2025, with record date set for August 3, 2025.
Key Points
- BIRLA CORPORATION LTD. (Code: BFL-9.25%-18-08-26-PVT, ISIN: INE340A07084) debentures affected
- Part redemption coupled with interest payment on same record date
- Reduced face value of Rs. 400,000 per debenture post-redemption
- Settlement number DR-686/2025-2026 assigned for the corporate action
Regulatory Changes
No regulatory changes announced - this is a standard corporate action notification for debenture redemption.
Compliance Requirements
- Trading members must note the reduced face value effective from August 1, 2025
- All trading in the specified debentures must reflect the new face value from the effective date
- Members should update their systems to reflect the corporate action details
Important Dates
- Record Date: August 3, 2025 - for determining eligible debenture holders
- Effective Date: August 1, 2025 - trading with reduced face value begins
- Settlement Number: DR-686/2025-2026
Impact Assessment
This corporate action has medium impact on debenture holders and trading operations. The part redemption reduces the outstanding principal amount while providing interim returns to investors. Trading members need to update their systems to reflect the new face value, but this is a routine corporate action with standard operational procedures.
Impact Justification
Standard corporate action affecting specific debenture holders with clear operational impact on trading