Description

Spandana Sphoorty Financial Limited has fixed record date for payment of interest and part redemption of non-convertible debentures with reduced face value effective October 9, 2025.

Summary

Spandana Sphoorty Financial Limited has announced part redemption of its non-convertible debentures (ISIN: INE572J07745, Scrip Code: 974793) along with payment of interest. The record date has been fixed as October 9, 2025, and trading in these debentures will commence with reduced face value of Rs. 28,575 per debenture effective from the same date.

Key Points

  • Debenture series: SSFL-11.10%-24-4-26-PVT
  • ISIN: INE572J07745
  • Scrip Code: 974793
  • Record date: October 9, 2025
  • Reduced face value: Rs. 28,575 per debenture
  • Effective date: October 9, 2025
  • Settlement number: DR-732/2025-2026
  • Purpose: Part redemption of debentures and payment of interest

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Trading members must note that trading in the debentures will be conducted with reduced face value effective from October 9, 2025
  • All trades executed on or after the effective date must reflect the reduced face value of Rs. 28,575 per debenture
  • Debenture holders as on the record date (October 9, 2025) will be eligible for interest payment and part redemption

Important Dates

  • Record Date: October 9, 2025 - Eligibility date for interest payment and part redemption
  • Effective Date: October 9, 2025 - Trading commences with reduced face value (Settlement DR-732/2025-2026)

Impact Assessment

Debenture Holders: Holders of these debentures will receive partial redemption along with interest payment. The face value reduction to Rs. 28,575 indicates partial principal repayment.

Trading Impact: Trading members must adjust their systems to reflect the new reduced face value for all transactions from October 9, 2025 onwards. This will affect pricing, settlement, and reporting of these securities.

Market Impact: Medium impact limited to holders of this specific debenture series. The part redemption provides liquidity to debenture holders while the company reduces its debt obligation.

Impact Justification

Part redemption affects debenture holders of Spandana Sphoorty Financial Limited with face value reduction from original amount to Rs. 28,575 per debenture, requiring attention from debt investors and trading members.