Description

IKF HOME FINANCE LTD announces part redemption of debentures and interest payment with record date November 23, 2025, reducing face value to Rs. 25,000.03 per debenture.

Summary

IKF HOME FINANCE LTD has announced part redemption of its Non-Convertible Debentures (ISIN: INE02VP08022, Scrip Code: 975067) along with interest payment. The record date is set for November 23, 2025, and trading in these debentures will commence with a reduced face value effective from November 21, 2025.

Key Points

  • Debenture series: IKFHFL-10.85%-31-8-26-PVT (10.85% coupon rate, maturity August 31, 2026)
  • ISIN: INE02VP08022, Scrip Code: 975067
  • Record date for part redemption and interest payment: November 23, 2025
  • Reduced face value: Rs. 25,000.03 per debenture
  • Effective date for reduced face value trading: November 21, 2025
  • Settlement number: DR-761/2025-2026

Regulatory Changes

No regulatory framework changes. This is a standard corporate action for debt securities involving partial repayment of principal.

Compliance Requirements

  • Trading members must note that debentures will trade with reduced face value from the effective date
  • Debenture holders on record as of November 23, 2025 will be eligible for part redemption proceeds and interest payment
  • Trading members should update systems to reflect the new face value of Rs. 25,000.03 per debenture

Important Dates

  • November 20, 2025: Circular notice date
  • November 21, 2025: Effective date for trading with reduced face value (Settlement DR-761/2025-2026)
  • November 23, 2025: Record date for part redemption and interest payment eligibility

Impact Assessment

Market Impact: Medium - Affects holders of IKF HOME FINANCE LTD debentures in the debt segment. The part redemption reduces the outstanding principal amount per debenture.

Operational Impact: Trading members must ensure their systems reflect the reduced face value from November 21, 2025 to prevent settlement discrepancies. Debenture holders will receive partial principal repayment along with accrued interest, reducing their exposure to this instrument while maintaining their holdings at the reduced face value.

Impact Justification

Part redemption affects debenture holders with specific record date requirements and face value adjustment, impacting debt segment trading