Description
STEEL EXCHANGE INDIA LTD. has fixed Record Date for part redemption of debentures and payment of interest, with reduced face value effective January 2, 2026.
Summary
STEEL EXCHANGE INDIA LTD. has announced part redemption of its Non-Convertible Debentures (ISIN: INE503B07036, Code: 960441) along with interest payment. The record date has been set as January 2, 2026, and trading in these debentures will commence with reduced face value from the same date.
Key Points
- Debenture: SEIL-18.75%-31-3-28-PVT (INE503B07036)
- 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. This is a corporate action announcement.
Compliance Requirements
- Trading members must note that trading in the debentures will be conducted with reduced face value effective January 2, 2026
- Members should update their systems to reflect the new face value for settlement purposes
Important Dates
- Record Date: January 2, 2026 - For determining eligibility for part redemption and interest payment
- Effective Date: January 2, 2026 - Trading commences with reduced face value (Settlement DR-790/2025-2026)
Impact Assessment
Impact: Medium
This corporate action affects holders of STEEL EXCHANGE INDIA LTD. debentures. The part redemption will reduce the outstanding face value to Rs. 509,438/- per debenture. Debenture holders as of the record date will receive partial redemption proceeds and accrued interest. Trading members need to ensure their systems reflect the updated face value for accurate settlement from January 2, 2026 onwards. The action has limited broader market impact but is significant for specific debenture investors.
Impact Justification
Routine corporate action affecting specific debenture holders of STEEL EXCHANGE INDIA LTD. with material change in face value