Description
MANBA FINANCE LIMITED has fixed record date for payment of interest and part redemption of non-convertible debentures with reduced face value effective December 16, 2025.
Summary
MANBA FINANCE LIMITED has announced part redemption of its non-convertible debentures (INE939X07119, Scrip Code: 975425) along with interest payment. The record date is set for December 16, 2025, and trading in these debentures will commence with reduced face value from the same date. The face value will be reduced to Rs. 11,111.11 per debenture.
Key Points
- Security: MFL-13.25%-28-2-26-PVT (INE939X07119)
- Scrip Code: 975425
- Record Date: December 16, 2025
- Purpose: Part redemption of debentures and payment of interest
- New Reduced Face Value: Rs. 11,111.11 per debenture
- Effective Date: December 16, 2025
- Settlement Number: DR-778/2025-2026
- Trading with reduced face value begins from December 16, 2025
Regulatory Changes
No regulatory changes announced. This is a standard corporate action for debt securities involving part redemption.
Compliance Requirements
- Trading members must note that trading in MANBA FINANCE LIMITED debentures will be conducted with reduced face value effective December 16, 2025
- Trading members are informed to adjust their systems and records to reflect the reduced face value
- Debenture holders on record as of December 16, 2025 will be eligible for interest payment and part redemption
Important Dates
- December 11, 2025: Circular notification date
- December 16, 2025: Record date for interest payment and part redemption
- December 16, 2025: Effective date for trading with reduced face value (Settlement No. DR-778/2025-2026)
Impact Assessment
Impact on Debenture Holders: Debenture holders on the record date will receive part redemption proceeds and interest payment. The face value reduction from the original amount to Rs. 11,111.11 per debenture represents a partial return of principal.
Trading Impact: Trading members must ensure their systems reflect the reduced face value from December 16, 2025. All trades executed on or after this date will be based on the new reduced face value of Rs. 11,111.11 per debenture.
Market Operations: This is a routine corporate action for debt securities. The part redemption reduces the outstanding principal amount while maintaining the debenture listing with adjusted parameters.
Impact Justification
Part redemption of debentures affects debt security holders of MANBA FINANCE LIMITED with specific record date and reduced face value, impacting debenture trading and investor returns