Description

BSE notification regarding part redemption and interest payment for two series of non-convertible debentures issued by MANBA FINANCE LIMITED with revised face values effective November 2025.

Summary

BSE has issued a notice regarding part redemption of two series of non-convertible debentures issued by MANBA FINANCE LIMITED. Trading in these debentures will commence with reduced face values from the effective dates in November 2025, following part redemption and interest payment to debenture holders.

Key Points

  • Two debenture series of MANBA FINANCE LIMITED are subject to part redemption
  • MFL-11.75%-26-6-26-PVT (ISIN: INE939X07135) face value reduces to Rs. 38,884 per debenture
  • MFL-12.6%-27-12-25-PVT (ISIN: INE939X07101) face value reduces to Rs. 4,167 per debenture
  • Both redemptions include interest payment to debenture holders
  • Trading will commence with reduced face values from respective effective dates

Regulatory Changes

No regulatory framework changes. This is a standard corporate action under existing debt market regulations.

Compliance Requirements

  • Trading members must note the reduced face values for the affected debentures
  • Trading in debentures will be conducted with reduced face values from the effective dates
  • Settlement procedures will follow the specified settlement numbers (DR-752/2025-2026 and DR-754/2025-2026)

Important Dates

  • November 10, 2025: Record date for MFL-11.75%-26-6-26-PVT (ISIN: INE939X07135); effective date for reduced face value of Rs. 38,884 per debenture (Settlement: DR-752/2025-2026)
  • November 12, 2025: Record date for MFL-12.6%-27-12-25-PVT (ISIN: INE939X07101); effective date for reduced face value of Rs. 4,167 per debenture (Settlement: DR-754/2025-2026)

Impact Assessment

Market Impact: Limited to holders of these specific debenture series. The part redemption reduces outstanding principal, returning capital to investors while maintaining the instruments in circulation at lower face values.

Operational Impact: Trading members must update their systems to reflect the new face values from the effective dates. Debenture holders on the record dates will receive part redemption proceeds plus accrued interest, improving liquidity for those investors.

Impact Justification

Affects holders of two specific debenture series with face value reductions; routine corporate action for debt securities with limited broader market impact