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 along with interest payment. The debentures (ISIN: INE850M07475, Security Code: 975743) will trade with a reduced face value of Rs. 80,000 per debenture effective November 28, 2025. The record date for determining eligible debenture holders is November 29, 2025.
Key Points
- Company: NORTHERN ARC CAPITAL LTD.
- Security: 9.18% Non-Convertible Debentures maturing on June 14, 2029
- ISIN: INE850M07475
- BSE Security Code: 975743
- Purpose: Part redemption of debentures and payment of interest
- Reduced face value: Rs. 80,000 per debenture (from original value)
- Settlement: DR-766/2025-2026
Regulatory Changes
No regulatory changes introduced. This is a standard corporate action notification as per existing debt market regulations.
Compliance Requirements
- Trading members must note the reduced face value for trading purposes
- Debentures will trade with reduced face value from the effective date
- Members must ensure proper settlement and adjustment in client accounts
Important Dates
- Notice Date: November 25, 2025
- Effective Date of Reduced Face Value: November 28, 2025
- Record Date: November 29, 2025
- Settlement Number: DR-766/2025-2026
Impact Assessment
Market Impact: Medium - affects trading and valuation of specific debentures of NORTHERN ARC CAPITAL LTD.
Operational Impact: Trading members and debenture holders need to adjust their records for the reduced face value. The part redemption will result in capital return to debenture holders while maintaining their holding in the security at reduced face value. Interest payment will also be processed to eligible holders as per the record date.
Impact Justification
Routine corporate action affecting debenture holders of NORTHERN ARC CAPITAL LTD. with specific impact on face value and trading parameters