Description
MIDLAND MICROFIN LIMITED announces part redemption of debentures with reduced face value effective December 26, 2025, with record date of December 27, 2025.
Summary
MIDLAND MICROFIN LIMITED has announced part redemption of its Non-Convertible Debentures (ISIN: INE884Q07715, Code: 975816) with a record date of December 27, 2025. Trading in the debentures will commence with reduced face value of Rs. 28,570 per debenture effective from December 26, 2025 (Settlement No. DR-785/2025-2026). The part redemption will also include payment of interest to eligible debenture holders.
Key Points
- Company: MIDLAND MICROFIN LIMITED
- Security: MML-8.69%-11-7-26-PVT (Non-Convertible Debentures)
- ISIN: INE884Q07715
- BSE Code: 975816
- Record Date: December 27, 2025
- Reduced Face Value: Rs. 28,570 per debenture
- Effective Date for Reduced Face Value Trading: December 26, 2025
- Settlement Number: DR-785/2025-2026
- Purpose: Part redemption of debentures and payment of interest
Regulatory Changes
No regulatory changes introduced. This is a standard corporate action notification for part redemption of debentures as per existing framework.
Compliance Requirements
- Trading members must note that trading in MIDLAND MICROFIN LIMITED debentures will be conducted with reduced face value from December 26, 2025
- Trading members should update their systems to reflect the new face value of Rs. 28,570 per debenture
- Debenture holders as on record date (December 27, 2025) will be eligible for interest payment and part redemption proceeds
Important Dates
- December 15, 2025: Circular issue date
- December 26, 2025: Effective date for trading with reduced face value (Settlement No. DR-785/2025-2026)
- December 27, 2025: Record date for determining eligible debenture holders for interest payment and part redemption
Impact Assessment
Market Impact: Medium - affects holders of specific debentures of MIDLAND MICROFIN LIMITED. Trading will continue with reduced face value post-redemption.
Operational Impact: Trading members need to ensure their systems reflect the reduced face value from December 26, 2025. Debenture holders will receive part redemption proceeds and interest payment, reducing their outstanding investment in these securities.
Investor Impact: Eligible debenture holders (as on record date) will receive partial principal repayment along with interest. Post-redemption, the face value per debenture will be reduced to Rs. 28,570, affecting future interest calculations and final redemption amounts.
Impact Justification
Part redemption of debentures affects debt security holders with face value reduction. Limited to specific debenture holders of MIDLAND MICROFIN LIMITED.