Description
Steel Exchange India Ltd announces partial redemption of debentures with reduced face value effective July 29, 2025.
Summary
Steel Exchange India Ltd has announced partial redemption of its debentures (SCRIP CODE: SEIL-18.75%-31-3-28-PVT, ISIN: INE503B07036) with a reduced face value of Rs. 603,215 per debenture effective July 29, 2025.
Key Points
- Company: Steel Exchange India Ltd
- Debenture ISIN: INE503B07036 (960441)
- New reduced face value: Rs. 603,215 per debenture
- Effective date: July 29, 2025
- Reference: DR-683/2025-2026
Regulatory Changes
No regulatory framework changes - standard corporate action procedure for partial debenture redemption.
Compliance Requirements
- Trading members must note the reduced face value for trading purposes
- Debentures will trade with the new reduced face value from July 29, 2025
- All trading members are required to take note of this change
Important Dates
- Notice Date: July 28, 2025
- Effective Date: July 29, 2025 (trading with reduced face value begins)
Impact Assessment
Limited impact as this affects only one company’s specific debenture series. Trading members need to update their systems to reflect the new face value for accurate pricing and settlement of these debt securities.
Impact Justification
Affects specific debenture trading parameters but limited to one company's debt securities