Description
STEEL EXCHANGE INDIA LTD. has fixed record date for part redemption and interest payment on debentures, with reduced face value effective from January 2, 2026.
Summary
STEEL EXCHANGE INDIA LTD. has announced part redemption of its non-convertible debentures along with interest payment. The record date is fixed as January 2, 2026, and trading in the debentures will commence with reduced face value from the same date.
Key Points
- Company: STEEL EXCHANGE INDIA LTD.
- Debenture Code: SEIL-18.75%-31-3-28-PVT
- ISIN: INE503B07036 (960441)
- Record Date: January 2, 2026
- Purpose: Part redemption of debentures and payment of interest
- Reduced Face Value: Rs. 509,438/- per debenture
- Effective Date: January 2, 2026
- Settlement Number: DR-790/2025-2026
Regulatory Changes
No regulatory changes introduced. This is a routine corporate action notice.
Compliance Requirements
- Trading members must note that trading in the debentures will be conducted with the reduced face value effective from January 2, 2026
- Debenture holders as per the record date of January 2, 2026 will be eligible for interest payment and part redemption
Important Dates
- Record Date: January 2, 2026
- Effective Date for Reduced Face Value: January 2, 2026
- Settlement Number: DR-790/2025-2026
Impact Assessment
This is a company-specific corporate action with minimal market-wide impact. The part redemption affects only the debenture holders of STEEL EXCHANGE INDIA LTD. Trading members need to update their systems to reflect the reduced face value of Rs. 509,438/- per debenture from January 2, 2026. This is a routine debt market event related to scheduled debenture servicing.
Impact Justification
Routine corporate action affecting specific debenture holders of a single company with limited market-wide impact