Description
BSE notifies part redemption and interest payment for MAS Financial Services Limited debentures with reduced face values effective September 4, 2025.
Summary
MAS Financial Services Limited has announced part redemption of its non-convertible debentures along with interest payment. Two series of debentures will have reduced face values effective from September 4, 2025, with record date set for September 6, 2025.
Key Points
- Record date for interest payment and part redemption: September 6, 2025
- Effective date for reduced face value trading: September 4, 2025
- Settlement number: DR-708/2025-2026
- Two debenture series affected with different ISIN codes
Regulatory Changes
No regulatory framework changes - standard corporate action procedure for debenture redemption.
Compliance Requirements
- Trading members must note the reduced face values for trading
- Debentures will trade with reduced face value from the effective date
- Proper settlement procedures to be followed as per BSE guidelines
Important Dates
- September 4, 2025: Effective date for reduced face value trading
- September 6, 2025: Record date for interest payment and part redemption
- Settlement: DR-708/2025-2026
Impact Assessment
Medium impact limited to MAS Financial Services debenture holders. The part redemption will reduce the outstanding principal amount, with MFSL-3 Months Bank MCLR series reducing to Rs. 62,500 per debenture and MFSL-1 MMCLR series reducing to Rs. 87,500 per debenture. This is a routine corporate action that provides liquidity to debenture holders while reducing the company’s debt burden.
Impact Justification
Routine corporate action affecting specific debenture holders with clear settlement dates