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 from October 13, 2025.

Summary

SPANDANA SPHOORTY FINANCIAL LIMITED has announced part redemption of its non-convertible debentures (ISIN: INE572J07752, Code: 975990) along with interest payment. The record date is set for October 13, 2025, and trading in these debentures will commence with reduced face value from the same date.

Key Points

  • Company: SPANDANA SPHOORTY FINANCIAL LIMITED
  • Security: Non-Convertible Debentures (SSFL-10.75%-15-4-27-PVT)
  • ISIN: INE572J07752
  • BSE Code: 975990
  • Record Date: October 13, 2025
  • Purpose: Part redemption of debentures and payment of interest
  • New Reduced Face Value: Rs. 63,636.36 per debenture
  • Effective Date: October 13, 2025
  • Settlement Number: DR-734/2025-2026

Regulatory Changes

No regulatory changes. This is a standard corporate action for debt securities.

Compliance Requirements

  • Trading members must note that trading in the company’s debentures will be conducted with the reduced face value of Rs. 63,636.36 per debenture effective from October 13, 2025
  • Debenture holders on record as of October 13, 2025 will be eligible for interest payment and part redemption

Important Dates

  • October 9, 2025: Notice date
  • October 13, 2025: Record date for interest payment and part redemption
  • October 13, 2025: Effective date for trading with reduced face value (Settlement DR-734/2025-2026)

Impact Assessment

This corporate action has medium impact limited to holders of SPANDANA SPHOORTY FINANCIAL LIMITED debentures. The part redemption reduces the outstanding face value per debenture to Rs. 63,636.36, returning capital to debenture holders while maintaining the security in trading. Trading members dealing in debt segment securities should update their systems to reflect the new face value. The maturity date of the debentures (April 15, 2027, as indicated by the security name) remains unchanged.

Impact Justification

Part redemption of debentures affects debt security holders with reduced face value. Medium impact limited to specific debenture holders of SPANDANA SPHOORTY FINANCIAL LIMITED.