Description

NORTHERN ARC CAPITAL LTD. announces part redemption of non-convertible debentures with reduced face value effective November 28, 2025.

Summary

NORTHERN ARC CAPITAL LTD. has announced part redemption of its non-convertible debentures (ISIN: INE850M07475, Code: 975743) along with interest payment. The record date is set for November 29, 2025, and trading will commence with reduced face value from November 28, 2025 (Settlement No. DR-766/2025-2026). The face value will be reduced from Rs. 100,000 to Rs. 80,000 per debenture.

Key Points

  • Company: NORTHERN ARC CAPITAL LTD.
  • Security Code: 975743 (NACL-9.18%-14-6-29-PVT)
  • ISIN: INE850M07475
  • Purpose: Part redemption of debentures and payment of interest
  • Record Date: November 29, 2025
  • Effective Date: November 28, 2025
  • Settlement Number: DR-766/2025-2026
  • Reduced Face Value: Rs. 80,000 per debenture (from Rs. 100,000)

Regulatory Changes

No regulatory changes announced. This is a standard corporate action notice for debt securities.

Compliance Requirements

  • Trading members must note that trading in the debentures will be conducted with the reduced face value effective from November 28, 2025
  • All trading and settlement systems must reflect the new face value of Rs. 80,000 per debenture from the effective date
  • Debenture holders on record as of November 29, 2025 will be eligible for interest payment and part redemption

Important Dates

  • November 25, 2025: Circular issue date
  • November 28, 2025: Effective date for trading with reduced face value (Settlement DR-766/2025-2026)
  • November 29, 2025: Record date for interest payment and part redemption

Impact Assessment

Market Impact: Medium - Affects holders of NORTHERN ARC CAPITAL debentures. The 20% reduction in face value (from Rs. 100,000 to Rs. 80,000) represents partial capital return to debenture holders.

Operational Impact: Trading members and clearing systems need to update face value parameters for this security. The debenture will continue trading but at the reduced face value, which affects pricing and settlement calculations.

Investor Impact: Debenture holders will receive partial redemption proceeds along with interest payment, improving liquidity while maintaining exposure to the remaining principal amount.

Impact Justification

Routine corporate action affecting specific debenture holders with part redemption and face value reduction from Rs. 100,000 to Rs. 80,000 per debenture