Description

PIRAMAL FINANCE LIMITED has fixed record date for payment of interest and part redemption of non-convertible debentures with reduced face value effective December 4, 2025.

Summary

PIRAMAL FINANCE LIMITED has announced part redemption of its non-convertible debentures (ISIN: INE516Y07279, Code: 973073) with a record date of December 4, 2025. The debentures will trade with a reduced face value of Rs. 250,000 per debenture effective from December 4, 2025 (Settlement No. DR-770/2025-2026). This action also includes payment of interest to eligible debenture holders.

Key Points

  • Company: PIRAMAL FINANCE LIMITED
  • Security: 9.25% Non-Convertible Debentures maturing March 19, 2026
  • ISIN: INE516Y07279
  • BSE Code: 973073
  • Record Date: December 4, 2025
  • Purpose: Part redemption of debentures and payment of interest
  • Reduced face value: Rs. 250,000 per debenture
  • Trading with reduced face value begins: December 4, 2025
  • Settlement Number: DR-770/2025-2026

Regulatory Changes

No regulatory changes. This is a corporate action notification as per standard debt market procedures.

Compliance Requirements

  • Trading members must note that debentures will trade with reduced face value from the effective date
  • Debenture holders on record as of December 4, 2025 will be eligible for interest payment and part redemption
  • Trading members should adjust their systems to reflect the reduced face value of Rs. 250,000 per debenture

Important Dates

  • November 21, 2025: Circular notice date
  • December 4, 2025: Record date for eligibility
  • December 4, 2025: Effective date for trading with reduced face value
  • Settlement DR-770/2025-2026: Applicable settlement number

Impact Assessment

This part redemption affects holders of PIRAMAL FINANCE LIMITED’s 9.25% debentures. The reduction in face value to Rs. 250,000 per debenture indicates partial capital return to investors along with accrued interest payment. Impact is limited to debenture holders of this specific security. Trading members need to update their systems to reflect the reduced face value for accurate trade processing and settlement from the effective date.

Impact Justification

Part redemption of debentures with reduced face value affects debt security holders but is a routine corporate action with limited broader market impact