Description

MMFSL has set Record Date of December 9, 2025 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 fixed December 9, 2025 as the Record Date for part redemption of its Non-Convertible Debentures (ISIN: INE774D07UD5, Code: 973265) with 6.35% coupon maturing on June 24, 2026. Trading in these debentures will be conducted with a reduced face value of Rs. 250,000 per debenture effective from December 9, 2025. The company will also make interest payments to eligible debenture holders.

Key Points

  • Record Date set for December 9, 2025
  • Debenture ISIN: INE774D07UD5 (Code: 973265)
  • Debenture series: MMFSL-6.35%-24-6-26-PVT
  • Reduced face value: Rs. 250,000 per debenture
  • Effective date for reduced face value: December 9, 2025
  • Settlement number: DR-773/2025-2026
  • Dual purpose: Part redemption and interest payment

Regulatory Changes

No regulatory framework changes. This is a standard corporate action notification for part redemption of debt securities.

Compliance Requirements

  • Trading members must note that trading in MMFSL debentures will be conducted with reduced face value from the effective date
  • All transactions after December 9, 2025 must reflect the new reduced face value of Rs. 250,000 per debenture
  • Members should update their systems to reflect the change in face value for settlement DR-773/2025-2026

Important Dates

  • Notice Date: December 1, 2025
  • Record Date: December 9, 2025 - for determining eligibility for part redemption and interest payment
  • Effective Date: December 9, 2025 - trading begins with reduced face value
  • Settlement Number: DR-773/2025-2026

Impact Assessment

Market Impact: Medium - affects only holders of specific MMFSL debenture series (INE774D07UD5). The part redemption will return capital to debenture holders while the security continues to trade at reduced face value.

Operational Impact: Trading members need to update their systems to reflect the reduced face value for this specific debenture series. Investors holding these debentures as of the record date will receive part redemption proceeds along with interest payment.

Investor Impact: Positive for debenture holders who will receive partial return of capital along with interest payment. The reduced face value reflects the partial redemption, and the debenture will continue to trade until its maturity date of June 24, 2026.

Impact Justification

Part redemption affecting specific debenture holders with defined record date and reduced face value. Impact limited to debt security holders of MMFSL.