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 13, 2025.

Summary

Spandana Sphoorty Financial Limited has announced part redemption of its non-convertible debentures (ISIN: INE572J07752, Code: 975990) with a record date of October 13, 2025. The debentures will trade with a reduced face value of Rs. 63,636.36 per debenture effective from the same date. The company will also pay interest to eligible debenture holders as per the record date.

Key Points

  • ISIN: INE572J07752 (BSE Code: 975990)
  • Security: SSFL 10.75% debentures maturing April 15, 2027 (Private placement)
  • Record Date: October 13, 2025
  • Reduced Face Value: Rs. 63,636.36 per debenture (post part redemption)
  • Effective Date: October 13, 2025
  • Settlement Number: DR-734/2025-2026
  • Trading will be with reduced face value from October 13, 2025

Regulatory Changes

No regulatory changes. This is a standard corporate action notice for part redemption of debentures.

Compliance Requirements

  • Trading members must note that trading in the debentures will be conducted with the reduced face value effective October 13, 2025
  • The reduced face value of Rs. 63,636.36 per debenture must be applied in all trading systems from the effective date
  • Settlement number DR-734/2025-2026 should be used for transactions post the effective date

Important Dates

  • October 13, 2025: Record date for interest payment and part redemption eligibility
  • October 13, 2025: Effective date for trading with reduced face value
  • Settlement DR-734/2025-2026: Applicable settlement number

Impact Assessment

Market Impact: Medium - Affects debenture holders and trading members dealing with Spandana Sphoorty Financial Limited’s non-convertible debentures.

Operational Impact: Trading members must update their systems to reflect the reduced face value of Rs. 63,636.36 per debenture from October 13, 2025. The part redemption will reduce the outstanding principal amount while maintaining the 10.75% coupon rate on the reduced face value until maturity in April 2027.

Investor Impact: Debenture holders on record as of October 13, 2025 will receive partial principal repayment along with interest payment, improving liquidity while maintaining exposure to the remaining principal amount.

Impact Justification

Routine corporate action affecting debenture holders with part redemption and interest payment, requiring face value adjustment in trading system