Description

MIDLAND MICROFIN LIMITED has announced part redemption of debentures with reduced face value effective December 26, 2025. Record date set for December 27, 2025 for interest payment and redemption.

Summary

MIDLAND MICROFIN LIMITED has fixed the record date for part redemption of its non-convertible debentures and payment of interest. Trading in the debentures will commence with reduced face value from December 26, 2025. The debentures (ISIN: INE884Q07715, Code: 975816, Series: MML-8.69%-11-7-26-PVT) will have a reduced face value of Rs. 28,570 per debenture effective from settlement DR-785/2025-2026.

Key Points

  • Company: MIDLAND MICROFIN LIMITED
  • Debenture Code: 975816
  • ISIN: INE884Q07715
  • Series: MML-8.69%-11-7-26-PVT
  • Record Date: December 27, 2025
  • Purpose: Part redemption of debentures and payment of interest
  • Reduced Face Value: Rs. 28,570 per debenture
  • Effective Date: December 26, 2025
  • Settlement Number: DR-785/2025-2026

Regulatory Changes

No regulatory changes announced. This is a corporate action notification.

Compliance Requirements

  • Trading members must note that trading in the debentures will be conducted with reduced face value effective from December 26, 2025
  • All transactions from the effective date onwards must reflect the new face value of Rs. 28,570 per debenture

Important Dates

  • December 15, 2025: Circular issue date
  • December 26, 2025: Effective date for trading with reduced face value (Settlement DR-785/2025-2026)
  • December 27, 2025: Record date for interest payment and part redemption

Impact Assessment

Market Impact: Medium - affects holders and traders of MIDLAND MICROFIN LIMITED debentures. The part redemption reduces the outstanding face value, which will impact the liquidity and trading characteristics of these debt securities.

Investor Impact: Debenture holders will receive partial redemption proceeds and interest payment as per the record date. Post-redemption, the reduced face value will affect future interest calculations and the principal amount outstanding.

Operational Impact: Trading systems and member platforms need to update the face value from December 26, 2025 to ensure accurate pricing and settlement of transactions.

Impact Justification

Affects debenture holders of MIDLAND MICROFIN LIMITED with specific redemption and interest payment. Material corporate action but limited to debt instrument holders of a single issuer.