Description

MMFSL has fixed December 9, 2025 as the record date for part redemption of debentures and interest payment, with reduced face value of Rs. 250,000 per debenture effective from the same date.

Summary

Mahindra & Mahindra Financial Services Limited (MMFSL) has announced part redemption of its 6.35% Non-Convertible Debentures maturing on June 24, 2026 (ISIN: INE774D07UD5, Code: 973265). The record date has been fixed as December 9, 2025 for the purpose of payment of interest and part redemption. Trading in these debentures will be conducted with reduced face value effective from December 9, 2025.

Key Points

  • Company: Mahindra & Mahindra Financial Services Limited
  • Security: 6.35% Non-Convertible Debentures (Private)
  • ISIN: INE774D07UD5
  • BSE Code: 973265
  • Record Date: December 9, 2025
  • Purpose: Part redemption of debentures and payment of interest
  • Reduced Face Value: Rs. 250,000 per debenture
  • Effective Date: December 9, 2025
  • Settlement Number: DR-773/2025-2026

Regulatory Changes

No regulatory changes are introduced by this circular. This is a standard corporate action notification.

Compliance Requirements

  • Trading members must note that trading in MMFSL debentures (INE774D07UD5) will be conducted with reduced face value of Rs. 250,000 per debenture from December 9, 2025
  • Members should update their systems to reflect the reduced face value for trading settlement DR-773/2025-2026
  • Debenture holders on record as of December 9, 2025 will be eligible for interest payment and part redemption

Important Dates

  • December 1, 2025: Circular issued
  • December 9, 2025: Record date for part redemption and interest payment
  • December 9, 2025: Effective date for trading with reduced face value (Settlement DR-773/2025-2026)

Impact Assessment

Market Impact: Limited to holders of specific MMFSL debentures; routine debt servicing action with no broader market implications.

Operational Impact: Trading members must adjust their systems to reflect the reduced face value for these debentures from December 9, 2025. The part redemption will return capital to debenture holders while the remaining face value continues to trade.

Investor Impact: Debenture holders will receive partial redemption payment along with interest payment, reducing their exposure to this security. The reduced face value indicates a partial return of principal while the debenture continues to remain outstanding until its maturity date of June 24, 2026.

Impact Justification

Routine corporate action affecting specific debenture holders with part redemption and interest payment; impacts debt segment only