Description

SRG Housing Finance Limited announces part redemption of non-convertible debentures with reduced face values effective December 2025.

Summary

SRG Housing Finance Limited has announced part redemption of its non-convertible debentures along with interest payment. Two series of debentures will have reduced face values effective from their respective dates in December 2025. Trading in these debentures will commence with the new reduced face values from the specified effective dates.

Key Points

  • Two series of SRG Housing Finance debentures undergoing part redemption
  • SRGHFL-11.52%-24-4-31-PVT (ISIN: INE559N07066, Code: 977242): Face value reduced to Rs. 96,969.70 per debenture
  • SRGHFL-11.52%-01-03-31-PVT (ISIN: INE559N07058, Code: 977076): Face value reduced to Rs. 93,939.39 per debenture
  • Part redemption includes payment of interest to eligible debenture holders
  • Trading members informed to note the reduced face values for trading purposes

Regulatory Changes

No regulatory changes introduced. This is a standard corporate action for debt securities involving partial redemption.

Compliance Requirements

  • Trading members must update their systems to reflect the reduced face values from the effective dates
  • Trading in the debentures must be conducted with the new reduced face values from the specified effective dates
  • Settlement numbers assigned: DR-773/2025-2026 and DR-776/2025-2026 for respective series

Important Dates

  • Record Date (Series 1): December 9, 2025 - For ISIN INE559N07066
  • Effective Date (Series 1): December 9, 2025 - Trading with reduced face value of Rs. 96,969.70
  • Record Date (Series 2): December 14, 2025 - For ISIN INE559N07058
  • Effective Date (Series 2): December 12, 2025 - Trading with reduced face value of Rs. 93,939.39
  • Circular Date: December 5, 2025

Impact Assessment

This corporate action has moderate impact limited to debt market participants holding SRG Housing Finance debentures. Debenture holders will receive partial redemption proceeds along with interest payments. The reduced face values will affect the pricing and trading of these securities going forward. Trading members need to ensure their systems are updated to prevent settlement issues. The staggered record and effective dates require careful attention to ensure correct processing for each series.

Impact Justification

Part redemption affects specific debenture holders with reduced face values. Limited to debt segment investors holding SRG Housing Finance debentures.