Description

BSE notifies change in ISIN and paid-up value for debt securities of Shriram Finance Limited effective October 30, 2025, following receipt of call money from debenture holders.

Summary

BSE has issued an update regarding debt securities of Shriram Finance Limited (Scrip Code: 974805). Following the receipt of call money from debenture holders, the ISIN and paid-up value of the listed debt securities will be revised effective October 30, 2025. This is a continuation of Exchange Notice No. 20230503-27 dated May 3, 2023.

Key Points

  • Scrip Code: 974805
  • Existing ISIN INE721A07RM9 will be changed to INE721A07SP0
  • Paid-up value revised from Rs. 5,000 per debenture to Rs. 1,00,000 per debenture
  • Change triggered by receipt of call money from debenture holders
  • Effective date: October 30, 2025
  • Notice references previous communication dated May 3, 2023

Regulatory Changes

No new regulatory framework changes. This is an operational update regarding securities identification and valuation following contractual call money provisions.

Compliance Requirements

  • Trading members must note the new ISIN code (INE721A07SP0) for transactions from October 30, 2025
  • All systems and records must be updated to reflect the revised paid-up value of Rs. 1,00,000 per debenture
  • Positions and holdings in these securities must be tracked under the new ISIN

Important Dates

  • Notice Date: October 29, 2025
  • Effective Date: October 30, 2025 (Thursday)
  • Reference Notice: May 3, 2023 (Exchange Notice No. 20230503-27)

Impact Assessment

Market Impact: Medium - affects holders and traders of specific Shriram Finance debentures. The 20-fold increase in paid-up value (from Rs. 5,000 to Rs. 1,00,000) represents a significant change in denomination structure.

Operational Impact: Trading members must update their systems to recognize the new ISIN and revised valuation. Existing positions will need to be tracked under the new identifier. The change ensures proper tracking of debt obligations following the call money mechanism being exercised by debenture holders.

Impact Justification

Administrative change affecting specific debt securities with ISIN modification and significant paid-up value increase from Rs. 5,000 to Rs. 1,00,000 per debenture