Description
BSE notice regarding 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 with a record date of September 4, 2025. The debentures will trade with a reduced face value of Rs. 3333.34 per debenture effective from the same date.
Key Points
- Company: MIDLAND MICROFIN LIMITED
- ISIN: INE884Q07731 (Code: 976024)
- Record date: September 4, 2025
- Purpose: Part redemption of debentures and payment of interest
- New face value: Rs. 3333.34 per debenture
- Settlement number: DR-708/2025-2026
Regulatory Changes
Trading in the company’s debentures will commence with reduced face value from September 4, 2025, reflecting the partial redemption.
Compliance Requirements
Trading members must note the change in face value for trading purposes effective from the specified date.
Important Dates
- Record Date: September 4, 2025
- Effective Date for Reduced Face Value: September 4, 2025
- Notice Date: August 20, 2025
Impact Assessment
This corporate action affects holders of MIDLAND MICROFIN debentures, providing partial redemption proceeds and interest payments. The reduced face value reflects the return of capital to debenture holders while maintaining their investment position in the remaining principal amount.
Impact Justification
Affects trading of specific debentures with face value reduction