Description
SATIN CREDITCARE NETWORK LIMITED has set record date of December 15, 2025 for part redemption and interest payment on debentures with reduced face value of Rs. 500,000 per debenture.
Summary
SATIN CREDITCARE NETWORK LIMITED has announced part redemption of its non-convertible debentures (ISIN: INE836B08202) with a record date of December 15, 2025. The debentures will trade with a reduced face value of Rs. 500,000 per debenture effective from December 15, 2025 (Settlement No. DR-777/2025-2026). This corporate action includes both part redemption and payment of interest on the debentures bearing 15.50% interest rate maturing on December 31, 2026.
Key Points
- Debenture: SCNL-15.50%-31-12-26-PVT (ISIN: INE836B08202, Code: 959126)
- Interest Rate: 15.50% per annum
- Maturity Date: December 31, 2026
- Record Date: December 15, 2025
- Reduced Face Value: Rs. 500,000 per debenture
- Effective Date: December 15, 2025
- Settlement Number: DR-777/2025-2026
- Purpose: Part redemption of debentures and payment of interest
Regulatory Changes
No regulatory changes announced. This is a standard corporate action notice.
Compliance Requirements
- Trading members must note that trading in the debentures will be conducted with the reduced face value effective from December 15, 2025
- Debentureholders as on the record date (December 15, 2025) will be eligible for the part redemption proceeds and interest payment
- Trading members should update their systems to reflect the reduced face value for settlement purposes
Important Dates
- Record Date: December 15, 2025 - Determination of eligible debentureholders for part redemption and interest payment
- Effective Date: December 15, 2025 - Date from which debentures will trade with reduced face value of Rs. 500,000
- Settlement: DR-777/2025-2026
- Circular Date: December 10, 2025
Impact Assessment
Debentureholders Impact: Debentureholders as on record date will receive part redemption proceeds along with interest payment, reducing their exposure to the instrument. The reduced face value of Rs. 500,000 will apply to subsequent trading.
Market Impact: Limited impact as this affects only holders of specific debentures (ISIN: INE836B08202). Trading will continue with adjusted face value post the effective date.
Liquidity Impact: Part redemption will return capital to debentureholders while reducing the outstanding amount of this debt security in the market. The remaining debentures will continue to trade until final maturity on December 31, 2026.
Impact Justification
Routine corporate action affecting specific debenture holders with part redemption and interest payment; limited market-wide impact but important for debentureholders