Description
AAVAS FINANCIERS LIMITED has fixed record date for payment of interest and part redemption on non-convertible debentures. Trading in debentures will be with reduced face value effective January 5, 2026.
Summary
AAVAS FINANCIERS LIMITED has announced part redemption of its non-convertible debentures (ISIN: INE216P07233, Scrip Code: 974985) along with payment of interest. The record date has been fixed as January 5, 2026, and trading in these debentures will commence with a reduced face value of Rs. 50,000 per debenture effective from the same date under settlement number DR-791/2025-2026.
Key Points
- Part redemption of non-convertible debentures with coupon rate of 8.35% maturing on July 20, 2028
- ISIN: INE216P07233, BSE Scrip Code: 974985
- Debentures are privately placed
- Reduced face value set at Rs. 50,000 per debenture post-redemption
- Trading members notified of the face value adjustment
Regulatory Changes
No new regulatory changes. This is a corporate action notice regarding debt instrument adjustment in accordance with standard procedures for part redemption of debentures.
Compliance Requirements
- Trading members must note the reduced face value effective from January 5, 2026
- All trading in AAVAS FINANCIERS LIMITED debentures must reflect the new face value of Rs. 50,000 per debenture from the effective date
- Trading members should update their systems to reflect the face value reduction for settlement DR-791/2025-2026
Important Dates
- Notice Date: January 1, 2026
- Record Date: January 5, 2026
- Effective Date for Reduced Face Value: January 5, 2026
- Settlement Number: DR-791/2025-2026
Impact Assessment
Market Impact: Medium - Affects holders of AAVAS FINANCIERS LIMITED non-convertible debentures (AFL-8.35%-20-7-28-PVT). The part redemption provides liquidity to debenture holders while reducing the outstanding principal amount.
Operational Impact: Medium - Trading members must adjust their systems to reflect the reduced face value of Rs. 50,000 per debenture from January 5, 2026. This requires updates to trading platforms and position tracking systems.
Investor Impact: Medium - Debenture holders on record as of January 5, 2026 will receive partial redemption proceeds along with interest payment. Post-redemption, the face value per debenture will be reduced to Rs. 50,000, affecting yield calculations and position valuations for remaining holdings.
Impact Justification
Part redemption of debentures affecting debt instrument holders of AAVAS FINANCIERS LIMITED. Face value reduction from original to Rs. 50,000 per debenture impacts trading parameters for existing debenture holders.