Description

Notification of part redemption of two series of non-convertible debentures issued by Edelweiss Asset Reconstruction Company Limited with record date January 1, 2026 and reduced face values effective from the same date.

Summary

BSE has announced that Edelweiss Asset Reconstruction Company Limited will conduct part redemption of two series of non-convertible debentures with a record date of January 1, 2026. Trading in these debentures will commence with reduced face values effective from January 1, 2026 in settlement DR-789/2025-2026.

Key Points

  • Two debenture series affected: EARCL-2%-7-10-28-PVT (ISIN: INE015L07576) and EARC-2%-22-7-29-PVT (ISIN: INE015L07683)
  • Record date for part redemption and interest payment: January 1, 2026
  • Trading with reduced face value begins: January 1, 2026
  • Settlement number: DR-789/2025-2026
  • First debenture (958306) reduced face value: Rs. 186,644.43 per debenture
  • Second debenture (958889) reduced face value: Rs. 21,174.06 per debenture

Regulatory Changes

No regulatory framework changes. This is a standard corporate action notification for part redemption of debt securities.

Compliance Requirements

  • Trading members must note the reduced face values effective from January 1, 2026
  • Trading members should ensure systems reflect the new face values for both debenture series
  • All trades executed on or after January 1, 2026 must be at the reduced face values

Important Dates

  • Record Date: January 1, 2026 - Determination of debenture holders eligible for interest payment and part redemption
  • Effective Date of Reduced Face Value: January 1, 2026 (Settlement DR-789/2025-2026)
  • Circular Issue Date: December 30, 2025

Impact Assessment

Market Impact: Limited to holders of the two specific debenture series. The part redemption will return capital to debenture holders while reducing the outstanding principal amount.

Operational Impact: Trading members need to update their systems to reflect the reduced face values. The significant reduction in face values (from higher amounts to Rs. 186,644.43 and Rs. 21,174.06 respectively) indicates substantial partial redemption.

Investor Impact: Debenture holders on record as of January 1, 2026 will receive partial redemption proceeds and interest payment. Subsequent trading will be based on the reduced face values, affecting yield calculations and pricing.

Impact Justification

Routine corporate action affecting specific debenture holders of Edelweiss Asset Reconstruction Company Limited. Impact limited to holders of two specific debenture series with material face value reductions.