Description
MIDLAND MICROFIN LIMITED has fixed record date for interest payment and part redemption of non-convertible debentures with reduced face value effective September 4, 2025.
Summary
MIDLAND MICROFIN LIMITED has announced part redemption of its non-convertible debentures along with interest payment. The company has fixed September 4, 2025, as the record date for determining eligible debenture holders. Trading in the debentures will commence with a reduced face value of Rs. 3,333.34 per debenture from the effective date.
Key Points
- Company: MIDLAND MICROFIN LIMITED
- Debenture Code: MML-12.25%-19-3-26-PVT (ISIN: INE884Q07731, BSE Code: 976024)
- Record Date: September 4, 2025
- Purpose: Part redemption of debentures and interest payment
- New reduced face value: Rs. 3,333.34 per debenture
- Effective date: September 4, 2025
- Settlement number: DR-708/2025-2026
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Trading members must note that debenture trading will be at reduced face value from September 4, 2025
- Debenture holders as of record date (September 4, 2025) will be eligible for interest payment and part redemption
Important Dates
- Record Date: September 4, 2025
- Effective Date for Reduced Face Value Trading: September 4, 2025
- Settlement: DR-708/2025-2026
Impact Assessment
This part redemption will reduce the outstanding debenture amount for MIDLAND MICROFIN LIMITED. Debenture holders will receive partial repayment along with accrued interest. The reduced face value will affect future trading prices and yield calculations for remaining debenture tenure.
Impact Justification
Affects debenture holders of MIDLAND MICROFIN LIMITED with specific redemption terms and reduced face value