Description

SPANDANA SPHOORTY FINANCIAL LIMITED has fixed record date for part redemption and interest payment on 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 along with interest payment. The record date is set as October 13, 2025. Trading in the debentures will continue with a reduced face value of Rs. 63,636.36 per debenture effective from October 13, 2025 under settlement number DR-734/2025-2026.

Key Points

  • Part redemption of non-convertible debentures (ISIN: INE572J07752, Code: 975990)
  • Interest payment on debentures scheduled
  • Trading to continue with reduced face value post-redemption
  • Debenture series: SSFL-10.75%-15-4-27-PVT (10.75% coupon rate)
  • Settlement number: DR-734/2025-2026

Regulatory Changes

No regulatory changes. This is a routine corporate action as per the terms of the debenture issuance.

Compliance Requirements

  • Trading members must note the reduced face value for trading purposes
  • Transactions from October 13, 2025 onwards must reflect the new face value of Rs. 63,636.36 per debenture
  • Debenture holders on record as of October 13, 2025 will be eligible for part redemption and interest payment

Important Dates

  • Record Date: October 13, 2025 - Eligibility date for part redemption and interest payment
  • Effective Date of Reduced Face Value: October 13, 2025 - Trading begins with reduced face value of Rs. 63,636.36
  • Settlement Number: DR-734/2025-2026
  • Notice Date: October 09, 2025

Impact Assessment

Impact on Debenture Holders: Positive impact as holders receive partial capital return plus interest payment. Remaining debentures will have reduced face value for future trading and redemptions.

Impact on Trading: Medium impact - trading members must update systems to reflect the new face value of Rs. 63,636.36 per debenture from October 13, 2025. Price quotations and settlement calculations will need adjustment.

Market Impact: Limited broader market impact as this affects only holders of this specific debenture series. The part redemption improves liquidity for investors seeking to exit positions.

Impact Justification

Routine corporate action affecting debenture holders with part redemption and interest payment; impacts debt securities trading with reduced face value from specified date