Description

Piramal Finance Limited announces part redemption of debentures with record date of December 4, 2025, reducing face value to Rs. 250,000 per debenture.

Summary

Piramal Finance Limited has announced the part redemption of its 9.25% Non-Convertible Debentures maturing on March 19, 2026. The record date has been fixed as December 4, 2025, for both payment of interest and part redemption. Following the redemption, the debentures will trade with a reduced face value of Rs. 250,000 per debenture effective from December 4, 2025.

Key Points

  • Company: Piramal Finance Limited
  • ISIN: INE516Y07279
  • BSE Code: 973073
  • Debenture Series: PFL-9.25%-19-3-26-PVT
  • Record Date: December 4, 2025
  • Purpose: Part redemption of debentures and payment of interest
  • Reduced Face Value: Rs. 250,000 per debenture
  • Effective Date: December 4, 2025
  • Settlement Number: DR-770/2025-2026

Regulatory Changes

No regulatory changes announced. This is a corporate action notification related to debenture redemption.

Compliance Requirements

  • Trading members are required to note that trading in the debentures will be conducted with the reduced face value effective from December 4, 2025
  • Trading members must ensure proper adjustment of face value in their systems for settlement DR-770/2025-2026

Important Dates

  • November 21, 2025: Circular issue date
  • December 4, 2025: Record date for interest payment and part redemption
  • December 4, 2025: Effective date for trading with reduced face value (Settlement DR-770/2025-2026)

Impact Assessment

This part redemption will impact holders of Piramal Finance Limited’s 9.25% debentures maturing in March 2026. The reduction in face value to Rs. 250,000 per debenture indicates a partial return of principal to debenture holders along with interest payment. Trading members and debenture holders need to account for the reduced face value in their holdings and trading activities from the effective date. This is a standard corporate action with medium impact limited to specific debenture holders and does not affect the broader equity market.

Impact Justification

Routine corporate action affecting debenture holders with part redemption and interest payment, impacting specific debt securities of Piramal Finance Limited