Description

STAR HOUSING FINANCE LIMITED has fixed record dates for payment of interest and part redemption of two series of non-convertible debentures with reduced face values effective December 2025.

Summary

STAR HOUSING FINANCE LIMITED has announced part redemption of two series of non-convertible debentures along with interest payments. The company has fixed record dates for both series, and trading in these debentures will commence with reduced face values from the specified effective dates in December 2025.

Key Points

  • Two series of non-convertible debentures are subject to part redemption and interest payment
  • SHFL-13.10%-19-4-27-PVT (ISIN: INE526R07017, Code: 975161): Face value reduced to Rs. 38,095.25 per debenture
  • SHFL-13.35%-25-11-27-PVT (ISIN: INE526R07025, Code: 975503): Face value reduced to Rs. 75,000 per debenture
  • Trading members must note the reduced face values effective from respective settlement dates
  • Circular issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations

Regulatory Changes

No regulatory changes. This is a corporate action notification for part redemption of debentures.

Compliance Requirements

  • Trading members must ensure trading in the debentures reflects the reduced face values from the effective dates
  • Members should update their systems to reflect the new face values for settlement purposes
  • Record date requirements must be observed for determining eligible debenture holders

Important Dates

  • December 4, 2025: Record date for SHFL-13.10%-19-4-27-PVT debentures; effective date for reduced face value (Settlement No. DR-770/2025-2026)
  • December 10, 2025: Record date for SHFL-13.35%-25-11-27-PVT debentures; effective date for reduced face value (Settlement No. DR-774/2025-2026)
  • November 25, 2025: Circular issue date

Impact Assessment

Debenture Holders: Direct impact on holders of these specific debenture series who will receive part redemption proceeds and interest payments. The reduced face values will affect the outstanding principal amount.

Trading Impact: Trading members must adjust their systems to reflect reduced face values from December 4 and 10, 2025 respectively. This affects pricing, settlement, and position calculations.

Liquidity: Part redemption reduces the outstanding debenture amount in circulation, potentially affecting secondary market liquidity for these securities.

Market Segment: Limited to debt segment; no impact on equity markets or other trading segments.

Impact Justification

Affects debenture holders of STAR HOUSING FINANCE LIMITED with specific redemption and interest payment schedules. Material impact on debt security holders but limited to specific securities.