Description

BSE notifies part redemption and interest payment for three series of non-convertible debentures issued by SATYA MICROCAPITAL LIMITED with reduced face values effective from specified dates.

Summary

BSE has issued a notice regarding part redemption of three series of non-convertible debentures issued by SATYA MICROCAPITAL LIMITED. The company has fixed record dates for payment of interest and part redemption, with trading to commence at reduced face values from specified effective dates. This is a routine debt servicing event affecting existing debenture holders.

Key Points

  • Three debenture series of SATYA MICROCAPITAL LIMITED undergoing part redemption
  • Trading will continue with reduced face values after redemption
  • Record dates established for determining eligible debenture holders
  • Interest payments accompanying the part redemptions
  • Notice applies to debt segment trading members

Regulatory Changes

No regulatory changes introduced. This is a corporate action notification under existing debt market procedures.

Compliance Requirements

  • Trading members must note the reduced face values effective from specified dates
  • Transactions on and after effective dates must reflect the new reduced face values
  • Members to ensure proper settlement under designated settlement numbers

Important Dates

Debenture Series 1: SML-12%-28-2-26-PVT (ISIN: INE982X07424)

  • Record Date: December 20, 2025
  • Effective Date: December 19, 2025
  • Settlement Number: DR-781/2025-2026
  • Reduced Face Value: Rs. 8,333.32 per debenture

Debenture Series 2: SML-14.27%-8-7-26-PVT (ISIN: INE982X08034)

  • Record Date: December 31, 2025
  • Effective Date: December 31, 2025
  • Settlement Number: DR-788/2025-2026
  • Reduced Face Value: Rs. 3.60 per debenture

Debenture Series 3: SML-14.27%-8-7-26-PVT (ISIN: INE982X08042)

  • Record Date: December 31, 2025
  • Effective Date: December 31, 2025
  • Settlement Number: DR-788/2025-2026
  • Reduced Face Value: Rs. 3.60 per debenture

Impact Assessment

Debenture Holders: Positive impact through scheduled interest income and partial principal repayment. Reduces outstanding principal exposure.

Trading Operations: Moderate operational impact requiring systems update to reflect new face values and ensure accurate pricing and settlement.

Liquidity: Minimal impact on secondary market liquidity. Reduced face values may affect quote conventions but trading continues normally.

Credit Profile: Demonstrates issuer’s ability to service debt obligations on schedule, supporting creditworthiness perception.

Impact Justification

Routine debt servicing event affecting three debenture series with scheduled part redemptions and interest payments. Material for debenture holders but limited broader market impact.