Description
BSE announces listing of seven series of secured redeemable non-convertible debentures issued by Sakthi Finance Limited with varying maturity periods and coupon rates.
Summary
BSE has announced the listing of seven series of Secured Redeemable Non-Convertible Debentures (NCDs) issued by Sakthi Finance Limited. The debentures have face value of ₹1,000 each, varying coupon rates from 9.00% to 10.25% per annum, and maturity periods ranging from 2 to 7 years. All debentures were allotted on August 29, 2025.
Key Points
- Seven series of secured NCDs with total issuance of over 13 lakh debentures
- Face value: ₹1,000 per NCD across all series
- Coupon rates: 9.00% to 10.25% per annum
- Both monthly and cumulative interest payment options available
- Maturity periods: 2 years (Series I, III), 3 years (Series VII), 5 years (Series II, IV, V), and 7 years (Series VI)
- Credit rating: [ICRA] BBB (Stable)
- Market lot: One NCD
Regulatory Changes
No regulatory changes announced. This is a standard listing notification.
Compliance Requirements
- Debentures are now available for trading on BSE
- Standard compliance requirements for listed debt securities apply
- Interest payments as per specified frequency (monthly or at maturity)
Important Dates
- Allotment Date: August 29, 2025
- First Interest Payment: October 1, 2025 (for monthly series) or at maturity (for cumulative series)
- Maturity Dates: Range from August 29, 2027 to September 29, 2032
- Redemption amounts vary by series based on interest structure
Impact Assessment
Low market impact as this represents routine debt security listing. Provides additional investment options for debt market participants seeking secured corporate bonds with ICRA BBB rating. The varying maturity profiles and interest payment structures offer flexibility for different investor preferences.
Impact Justification
Standard NCD listing announcement affecting debt market participants and Sakthi Finance investors