Description

Muthoot Microfin Limited has fixed December 16, 2025 as the record date for part redemption of debentures and interest payment, with reduced face value effective from the same date.

Summary

Muthoot Microfin Limited has announced part redemption of its Non-Convertible Debentures (ISIN: INE046W07255, Scrip Code: 974966) with a record date of December 16, 2025. The debentures, carrying 10.75% interest maturing on July 7, 2026, will have their face value reduced from Rs. 100,000 to Rs. 25,000 per debenture effective December 16, 2025. Trading in these debentures will commence with the reduced face value from the effective date.

Key Points

  • Company: Muthoot Microfin Limited
  • Security: MML-10.75%-7-7-26-PVT (Non-Convertible Debentures)
  • ISIN: INE046W07255
  • Scrip Code: 974966
  • Record Date: December 16, 2025
  • Purpose: Part redemption of debentures and payment of interest
  • Reduced Face Value: Rs. 25,000 per debenture (from Rs. 100,000)
  • Effective Date: December 16, 2025
  • Settlement Number: DR-778/2025-2026
  • Notice Number: 20251211-64

Regulatory Changes

No regulatory framework changes. This is a standard corporate action notification for debt securities under existing BSE regulations for part redemption of debentures.

Compliance Requirements

  • Trading members must note the reduced face value effective December 16, 2025
  • All trading in the debentures from December 16, 2025 onwards will be at the reduced face value of Rs. 25,000 per debenture
  • Debenture holders as on record date (December 16, 2025) will be eligible for part redemption proceeds and interest payment
  • Trading members must ensure proper settlement under DR-778/2025-2026

Important Dates

  • December 11, 2025: Circular notification date
  • December 16, 2025: Record date for part redemption and interest payment eligibility
  • December 16, 2025: Effective date for trading with reduced face value (Rs. 25,000)
  • Settlement Number: DR-778/2025-2026

Impact Assessment

Market Impact: Moderate impact limited to debenture holders of Muthoot Microfin Limited. The 75% reduction in face value (from Rs. 100,000 to Rs. 25,000) indicates a substantial part redemption, returning capital to investors while keeping the debentures active until maturity on July 7, 2026.

Investor Impact: Debenture holders on record date will receive partial redemption proceeds along with accrued interest. Post-redemption, the investment amount per debenture reduces significantly, which may affect portfolio allocations and interest income calculations.

Trading Impact: Trading members must update their systems to reflect the reduced face value from December 16, 2025. All post-redemption trading will occur at the new face value, affecting transaction sizes and calculations.

Impact Justification

Part redemption affects debenture holders of Muthoot Microfin with reduced face value from Rs. 100,000 to Rs. 25,000 per debenture, impacting debt segment trading