Description

LAKADIA BANASKANTHA TRANSCO LIMITED has fixed record date December 12, 2025 for part redemption of debentures and interest payment, with reduced face value of Rs. 96,982 per debenture.

Summary

BSE has notified that LAKADIA BANASKANTHA TRANSCO LIMITED has set December 12, 2025 as the record date for part redemption of its non-convertible debentures (ISIN: INE0C5208014, Code: 976884) with 7.70% coupon maturing March 31, 2043. Following the part redemption, trading in these debentures will commence with a reduced face value of Rs. 96,982 per debenture effective December 12, 2025 (Settlement No. DR-776/2025-2026). The record date also applies to interest payment.

Key Points

  • Company: LAKADIA BANASKANTHA TRANSCO LIMITED
  • Debenture Series: LBTL-7.70%-31-3-43-PVT
  • ISIN: INE0C5208014
  • BSE Code: 976884
  • Record Date: December 12, 2025
  • Purpose: Part redemption of debentures and payment of interest
  • Reduced Face Value: Rs. 96,982 per debenture (post-redemption)
  • Effective Date: December 12, 2025
  • Settlement Number: DR-776/2025-2026

Regulatory Changes

No regulatory changes announced. This is a standard corporate action notification.

Compliance Requirements

  • Trading members must note that trading in the debentures will occur with reduced face value effective from December 12, 2025
  • Debenture holders as of record date (December 12, 2025) will be eligible for part redemption proceeds and interest payment
  • Trading systems should reflect the new reduced face value of Rs. 96,982 per debenture from the effective date

Important Dates

  • Notice Date: December 9, 2025
  • Record Date: December 12, 2025 (for part redemption and interest payment eligibility)
  • Effective Date for Reduced Face Value: December 12, 2025 (Settlement No. DR-776/2025-2026)

Impact Assessment

Market Impact: Minimal. This is a routine debt corporate action affecting a specific privately placed debenture series of a transmission company. The part redemption represents scheduled debt servicing.

Investor Impact: Debenture holders on record date will receive part redemption proceeds and interest payment. Post-redemption, the outstanding principal per debenture will be Rs. 96,982, reducing the face value and future interest obligations proportionately.

Operational Impact: Trading members need to update their systems to reflect the reduced face value from December 12, 2025 to ensure accurate pricing and settlement of trades.

Impact Justification

Routine debt corporate action affecting specific debenture holders of a private transmission company. Limited market-wide impact as it pertains to a single debt instrument.