Description
BSE announces part redemption of non-convertible debentures with reduced face value from Rs. 100,000 to Rs. 66,000 per debenture.
Summary
Sylvanus Properties Limited has announced part redemption of its non-convertible debentures with record date of August 26, 2025. The debentures will trade with reduced face value from Rs. 100,000 to Rs. 66,000 per debenture effective from the record date.
Key Points
- Company: Sylvanus Properties Limited (Code: SPL-13.50%-3-1-28-PVT)
- ISIN: INE826M07038 (976314)
- Debenture interest rate: 13.50%
- Face value reduction from Rs. 100,000 to Rs. 66,000 per debenture
- Effective date aligns with record date
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Trading members must note the reduced face value trading effective from August 26, 2025
- Settlement under DR-702/2025-2026 for the reduced face value
Important Dates
- Record Date: August 26, 2025
- Effective Date for Reduced Face Value: August 26, 2025
- Settlement Number: DR-702/2025-2026
Impact Assessment
Debenture holders will receive partial redemption resulting in 34% reduction in face value (from Rs. 100,000 to Rs. 66,000). This corporate action affects debt security trading and valuation for existing investors in Sylvanus Properties Limited debentures.
Impact Justification
Significant corporate action affecting debenture holders with substantial face value reduction