Description

IKF Finance Limited announces part redemption of non-convertible debentures with record date January 2, 2026. Face value reduced to Rs. 58,333.35 per debenture effective January 2, 2026.

Summary

IKF Finance Limited has announced part redemption of its 9% Non-Convertible Debentures maturing on October 17, 2027. The record date for payment of interest and part redemption is January 2, 2026. Following the part redemption, the debentures will trade with a reduced face value of Rs. 58,333.35 per debenture effective January 2, 2026.

Key Points

  • Company: IKF Finance Limited
  • Debenture Code: IKFFL-9%-17-10-27-PVT
  • ISIN: INE859C07196 (Security Code: 976110)
  • Corporate Action: Part Redemption and Interest Payment
  • Record Date: January 2, 2026
  • Reduced Face Value: Rs. 58,333.35 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 debentures will trade with reduced face value from the effective date
  • All trading systems should reflect the updated face value of Rs. 58,333.35 per debenture starting January 2, 2026
  • Debenture holders on record as of January 2, 2026 will be eligible for interest payment and part redemption proceeds

Important Dates

  • Record Date: January 2, 2026 - Determination of eligible debenture holders for interest payment and part redemption
  • Effective Date: January 2, 2026 - Trading commences with reduced face value (Settlement: DR-790/2025-2026)

Impact Assessment

Market Impact: Low - This is a company-specific corporate action affecting only the debenture holders of IKF Finance Limited. The part redemption is a standard debt servicing activity.

Operational Impact: Minimal - Trading members need to update their systems to reflect the reduced face value. The debenture will continue trading on the debt segment with modified parameters.

Investor Impact: Positive for debenture holders who will receive partial redemption proceeds along with interest payment on the record date. The reduced face value reflects the return of principal to investors.

Impact Justification

Routine corporate action affecting specific debenture holders of IKF Finance Limited. Limited market-wide impact as it concerns a single private placement debt instrument.