Description

Spandana Sphoorty Financial Limited has fixed record date for part redemption of debentures and interest payment, with reduced face value effective from October 13, 2025.

Summary

SPANDANA SPHOORTY FINANCIAL LIMITED has announced a 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. This corporate action also includes payment of interest to debenture holders.

Key Points

  • Security: SPANDANA SPHOORTY FINANCIAL LIMITED 10.75% debentures maturing April 15, 2027
  • ISIN: INE572J07752
  • BSE Code: 975990
  • Record Date: October 13, 2025
  • Reduced Face Value: Rs. 63,636.36 per debenture
  • Effective Date: October 13, 2025
  • Settlement Number: DR-734/2025-2026
  • Purpose: Part redemption of debentures and payment of interest

Regulatory Changes

No regulatory framework changes. This is a routine corporate action notification.

Compliance Requirements

  • Trading members must note that debentures will trade with reduced face value effective from October 13, 2025
  • All trading systems and records must reflect the new face value of Rs. 63,636.36 per debenture from the effective date
  • Members should inform clients holding these debentures about the part redemption and interest payment

Important Dates

  • Record Date: October 13, 2025
  • Effective Date for Reduced Face Value: October 13, 2025
  • Settlement: DR-734/2025-2026

Impact Assessment

This corporate action has medium impact limited to holders of SPANDANA SPHOORTY FINANCIAL LIMITED’s 10.75% debentures. Debenture holders on record as of October 13, 2025 will receive:

  1. Part redemption proceeds (reducing face value to Rs. 63,636.36)
  2. Interest payment due on these debentures

Trading members need to update their systems to reflect the reduced face value for all trades executed from October 13, 2025 onwards. The redemption provides partial liquidity to debenture holders while the instrument continues to trade at the reduced face value until final maturity in April 2027.

Impact Justification

Routine corporate action affecting debenture holders with face value reduction from partial redemption. Medium impact limited to debt instrument holders of this specific company.