Description

GREAVES FINANCE LIMITED has fixed record date of November 13, 2025 for part redemption and interest payment on non-convertible debentures. Trading will commence with reduced face value of Rs. 91,666 per debenture from the same date.

Summary

GREAVES FINANCE LIMITED has announced part redemption of its non-convertible debentures (ISIN: INE1QWF07014, Code: 977162) with a record date of November 13, 2025. Following the part redemption and interest payment, the debentures will trade with a reduced face value of Rs. 91,666 per debenture effective from November 13, 2025 under settlement number DR-755/2025-2026.

Key Points

  • Company: GREAVES FINANCE LIMITED
  • ISIN: INE1QWF07014
  • Scrip Code: 977162
  • Debenture Series: GFL-10.50%-29-9-27-PVT
  • Record Date: November 13, 2025
  • Purpose: Part redemption of debentures and payment of interest
  • Reduced Face Value: Rs. 91,666 per debenture
  • Effective Date: November 13, 2025
  • Settlement Number: DR-755/2025-2026

Regulatory Changes

No regulatory changes. This is a standard corporate action for debt securities involving part redemption of debentures.

Compliance Requirements

  • Trading members must note that trading in the debentures will be conducted with the reduced face value effective from November 13, 2025
  • All trading and settlement systems must reflect the new face value of Rs. 91,666 per debenture from the effective date
  • Debenture holders on record as of November 13, 2025 will be eligible for interest payment and part redemption proceeds

Important Dates

  • November 6, 2025: Notice date and circular issued
  • November 13, 2025: Record date for part redemption and interest payment
  • November 13, 2025: Effective date for trading with reduced face value (Settlement DR-755/2025-2026)

Impact Assessment

Market Impact: Low to medium. This corporate action is specific to holders of GREAVES FINANCE LIMITED debentures and does not affect equity markets or broader debt market operations.

Investor Impact: Medium for debenture holders. Investors holding these debentures will receive partial redemption proceeds and interest payment. The reduced face value will affect the nominal value of their holdings, though they receive compensation through the redemption amount.

Trading Impact: Trading members must ensure their systems are updated to reflect the reduced face value from November 13, 2025. Any trades executed on or after this date will be at the new face value of Rs. 91,666 per debenture.

Liquidity Impact: Minimal. The part redemption reduces the outstanding amount of the debenture issue, which may marginally affect liquidity in this specific security.

Impact Justification

Part redemption affects specific debenture holders of GREAVES FINANCE LIMITED with reduced face value impacting trading from November 13, 2025. Limited impact to broader market but important for debenture holders.