Description

Piramal Finance Limited has fixed a record date for part redemption and interest payment on Non-Convertible Debentures with reduced face value effective November 27, 2025.

Summary

Piramal Finance Limited has announced part redemption of its Non-Convertible Debentures (ISIN: INE516Y07261) along with interest payment. The record date has been set for November 27, 2025, and trading in these debentures will occur with a reduced face value effective from the same date.

Key Points

  • Company: Piramal Finance Limited
  • Security Code: 973053
  • ISIN: INE516Y07261 (PF-9.25%-12-3-26-PVT)
  • Record Date: November 27, 2025
  • Purpose: Part redemption of debentures and payment of interest
  • Reduced Face Value: Rs. 250,000 per debenture
  • Effective Date: November 27, 2025
  • Settlement Number: DR-765/2025-2026

Regulatory Changes

No regulatory changes introduced. This is a corporate action notification for existing debt securities.

Compliance Requirements

  • Trading members must note that trading in the debentures will be conducted with reduced face value from the effective date
  • All trades executed on or after November 27, 2025 will reflect the reduced face value of Rs. 250,000 per debenture
  • Trading members should update their systems accordingly to reflect the reduced face value

Important Dates

  • Record Date: November 27, 2025 - Date for determining eligibility for part redemption and interest payment
  • Effective Date: November 27, 2025 - Date from which trading will be with reduced face value
  • Settlement: DR-765/2025-2026

Impact Assessment

Impact on Debenture Holders: Holders as of the record date will receive part redemption proceeds and accrued interest. Post-redemption, the face value of each debenture will be reduced to Rs. 250,000.

Trading Impact: From November 27, 2025, all market transactions in these debentures will reflect the reduced face value. Trading members and investors need to account for this reduction in their valuations and transaction calculations.

Market Liquidity: The part redemption may affect liquidity in these specific debentures as the outstanding principal amount is reduced.

Impact Justification

Routine debt instrument part redemption affecting specific debenture holders of Piramal Finance Limited with face value reduction