Description
BSE announces part redemption of non-convertible debentures with reduced face values effective September 4, 2025.
Summary
BSE has notified trading members about the part redemption of non-convertible debentures issued by MAS Financial Services Limited. The company has fixed September 6, 2025 as the record date for payment of interest and part redemption. Trading will commence with reduced face values from September 4, 2025.
Key Points
- Two series of debentures will be partially redeemed
- Record date: September 6, 2025
- Effective date for reduced face value trading: September 4, 2025
- Settlement number: DR-708/2025-2026
- Both series linked to bank MCLR rates
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 values effective from September 4, 2025
- Trading members should update their systems to reflect new face values
- Proper settlement procedures must be followed for the redemption process
Important Dates
- September 4, 2025: Effective date for trading with reduced face value
- September 6, 2025: Record date for interest payment and part redemption
- Settlement: DR-708/2025-2026
Impact Assessment
Limited impact restricted to holders of MAS Financial Services debentures. The reduced face values are:
- MFSL-3 Months Bank MCLR series: Rs. 62,500 per debenture
- MFSL-1 MMCLR series: Rs. 87,500 per debenture
This represents a routine corporate action affecting debt market participants holding these specific instruments.
Impact Justification
Affects trading of specific debentures with reduced face values but limited to debt instruments of one company