Description
BSE notice on part redemption of 16 different non-convertible debentures of Sammaan Capital Limited with reduced face values effective September 11, 2025.
Summary
BSE has announced part redemption of 16 different non-convertible debenture series of SAMMAAN CAPITAL LIMITED. The company has fixed September 11, 2025 as the record date for payment of interest and part redemption. Trading in these debentures will commence with reduced face values effective from the same date.
Key Points
- 16 different debenture series affected with various interest rates (9.02% to 10.75%)
- Record date: September 11, 2025
- Settlement number: DR-713/2025-2026
- Face value reductions vary by series: Rs. 333.34, Rs. 600, Rs. 714.28, and Rs. 800 per debenture
- All debentures have maturity dates between 2026-2033
Regulatory Changes
No regulatory framework changes. This is a standard corporate action for debt securities.
Compliance Requirements
- Trading members must note the reduced face values effective September 11, 2025
- All trading in affected debentures must reflect the new reduced face values
- Proper settlement procedures must be followed under DR-713/2025-2026
Important Dates
- Record Date: September 11, 2025
- Effective Date for Reduced Face Value: September 11, 2025
- Settlement: DR-713/2025-2026
Impact Assessment
Market Impact: Medium - affects 16 debenture series but limited to single issuer. Debenture holders will receive partial redemption proceeds plus accrued interest.
Trading Impact: Trading members must update systems to reflect new face values. Price quotations and trading volumes will need adjustment for the reduced face values.
Investor Impact: Positive for debenture holders as they receive partial early redemption while retaining exposure to remaining tenure with interest payments.
Impact Justification
Affects 16 debenture series with reduced face values, impacting debt market trading but limited to single issuer