Description

Northern Arc Capital Ltd. has fixed record date for part redemption of debentures and interest payment, with reduced face value effective from November 28, 2025.

Summary

Northern Arc Capital Ltd. has announced part redemption of its Non-Convertible Debentures (ISIN: INE850M07475) along with interest payment. The record date is set as November 29, 2025, and trading in these debentures will be with reduced face value effective from November 28, 2025 (Settlement DR-766/2025-2026).

Key Points

  • Company: NORTHERN ARC CAPITAL LTD.
  • Security Code: 975743
  • ISIN: INE850M07475
  • Debenture Series: NACL-9.18%-14-6-29-PVT
  • Record Date: November 29, 2025
  • Purpose: Part Redemption of Debentures and Payment of Interest
  • Reduced Face Value: Rs. 80,000 per debenture
  • Original Face Value: Rs. 100,000 per debenture (implied)
  • Redemption Amount: Rs. 20,000 per debenture
  • Effective Date: November 28, 2025
  • Settlement Number: DR-766/2025-2026

Regulatory Changes

No regulatory changes. This is a standard corporate action notification as per existing regulations.

Compliance Requirements

  • Trading Members must note that trading in these debentures will be conducted with the reduced face value of Rs. 80,000 per debenture from November 28, 2025
  • Trading Members should update their systems to reflect the reduced face value
  • Debenture holders as on the record date (November 29, 2025) will be eligible for interest payment and part redemption

Important Dates

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

Impact Assessment

Debenture Holders: Holders will receive partial redemption of Rs. 20,000 per debenture plus interest payment. Post-redemption, each debenture will have a face value of Rs. 80,000 instead of Rs. 100,000.

Market Impact: Limited market impact as this is a scheduled corporate action specific to Northern Arc Capital’s debentures. Trading will continue with adjusted face value.

Operational Impact: Trading members need to ensure their systems reflect the reduced face value from November 28, 2025 to prevent settlement issues.

Impact Justification

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