Description

AAVAS FINANCIERS LIMITED has fixed record date for payment of interest and part redemption of non-convertible debentures with reduced face value effective December 11, 2025.

Summary

BSE has notified that AAVAS FINANCIERS LIMITED has set December 11, 2025 as the record date for payment of interest and part redemption of its non-convertible debentures (ISIN: INE216P07290, Scrip Code: 976856). Following the part redemption, trading in these debentures will commence with a reduced face value of Rs. 90,000 per debenture effective from December 11, 2025 under settlement number DR-775/2025-2026.

Key Points

  • Debenture: AVFL-7.40%-26-6-30-PVT (ISIN: INE216P07290, Scrip Code: 976856)
  • Record date: December 11, 2025
  • Purpose: Part redemption of debentures and payment of interest
  • New reduced face value: Rs. 90,000 per debenture
  • Effective date for reduced face value trading: December 11, 2025
  • Settlement number: DR-775/2025-2026
  • Notice number: 20251202-13
  • Segment: Debt

Regulatory Changes

No regulatory changes. This is a routine corporate action notification for debenture holders.

Compliance Requirements

  • Trading members must note that trading in AAVAS FINANCIERS LIMITED debentures will be conducted with the reduced face value effective from December 11, 2025
  • Trading members should update their systems to reflect the new face value of Rs. 90,000 per debenture for all trades executed on or after the effective date

Important Dates

  • Notice Date: December 2, 2025
  • Record Date: December 11, 2025 (for interest payment and part redemption eligibility)
  • Effective Date for Reduced Face Value: December 11, 2025
  • Settlement Number: DR-775/2025-2026

Impact Assessment

Market Impact: Low - This is a company-specific corporate action affecting only the holders of AAVAS FINANCIERS LIMITED’s 7.40% non-convertible debentures maturing in 2030. It does not impact equity markets or other debt instruments.

Operational Impact: Medium for debenture holders - Investors holding these debentures as of the record date will receive interest payment and partial principal redemption. Post-redemption, the face value will be reduced to Rs. 90,000 per debenture, which will affect future interest calculations and trading prices.

Trading Impact: Trading members need to ensure their systems reflect the reduced face value from December 11, 2025 onwards to ensure accurate pricing and settlement.

Impact Justification

Routine corporate action affecting specific debenture holders of AAVAS FINANCIERS LIMITED. Limited market-wide impact as it pertains to debt instrument holders only.