Description

BELSTAR MICROFINANCE LIMITED has fixed record date for part redemption of debentures and interest payment, with trading to commence at reduced face value of Rs. 87,500 per debenture from October 28, 2025.

Summary

BELSTAR MICROFINANCE LIMITED has announced a part redemption of its Non-Convertible Debentures (ISIN: INE443L07190, Code: 977020) with a record date of October 28, 2025. Trading members are notified that trading in these debentures will commence with a reduced face value of Rs. 87,500 per debenture effective from October 28, 2025, under settlement number DR-744/2025-2026.

Key Points

  • Company: BELSTAR MICROFINANCE LIMITED
  • Security Code: BML-9.1%-12-8-27-PVT (977020)
  • ISIN: INE443L07190
  • Corporate Action: Part Redemption of Debentures and Payment of Interest
  • Record Date: October 28, 2025
  • Reduced Face Value: Rs. 87,500 per debenture
  • Effective Date: October 28, 2025
  • Settlement Number: DR-744/2025-2026

Regulatory Changes

No regulatory changes. This is a corporate action notice regarding debenture redemption.

Compliance Requirements

  • Trading members must note that trading in BELSTAR MICROFINANCE LIMITED debentures will be conducted at the reduced face value from the effective date
  • All market participants must update their systems to reflect the new face value of Rs. 87,500 per debenture
  • Debenture holders on record as of October 28, 2025 will be eligible for interest payment and part redemption

Important Dates

  • October 24, 2025: Notice Date
  • October 28, 2025: Record Date for part redemption and interest payment
  • October 28, 2025: Effective date for trading at reduced face value (Settlement DR-744/2025-2026)

Impact Assessment

Market Impact: Medium - This part redemption will affect investors holding these specific debentures. The face value reduction from the original amount to Rs. 87,500 per debenture indicates a partial return of principal to debenture holders.

Operational Impact: Trading members must adjust their systems to reflect the reduced face value for all transactions from October 28, 2025 onwards. The settlement will be processed under DR-744/2025-2026.

Investor Impact: Debenture holders on record will receive part redemption proceeds plus accrued interest. Post-redemption, the debentures will continue trading at the reduced face value until maturity (August 12, 2027, based on the security code nomenclature).

Impact Justification

Routine corporate action affecting debenture holders with part redemption reducing face value; impacts debt security investors but is a standard scheduled event