Description

BSE notice regarding part redemption of non-convertible debentures and interest payment for Spandana Sphoorty Financial Limited with reduced face value effective January 9, 2026.

Summary

BSE has issued a notice regarding the part redemption of non-convertible debentures issued by Spandana Sphoorty Financial Limited. The company has set a record date of January 9, 2026 for payment of interest and part redemption. Trading in these debentures will commence with a reduced face value of Rs. 14,290 per debenture effective from the same date.

Key Points

  • Company: Spandana Sphoorty Financial Limited
  • Security: SSFL-11.10%-24-4-26-PVT (ISIN: INE572J07745, Code: 974793)
  • Record Date: January 9, 2026
  • Purpose: Part redemption of debentures and payment of interest
  • Reduced Face Value: Rs. 14,290 per debenture
  • Effective Date: January 9, 2026
  • Settlement Number: DR-795/2025-2026
  • Notice Number: 20260106-7
  • Notice Date: January 6, 2026

Regulatory Changes

No new regulatory changes. This is a standard corporate action notification as per existing BSE listing requirements for debt securities.

Compliance Requirements

  • Trading members must note that trading in the debentures will be conducted with the reduced face value from the effective date
  • All transactions post January 9, 2026 must reflect the new face value of Rs. 14,290 per debenture
  • Trading members should update their systems to reflect the reduced face value for proper trade execution and settlement

Important Dates

  • January 6, 2026: Notice date
  • January 9, 2026: Record date for determining eligible debenture holders
  • January 9, 2026: Effective date for trading with reduced face value (Settlement DR-795/2025-2026)

Impact Assessment

Market Impact: Medium - affects debenture holders and trading members dealing with this specific security. The part redemption will result in a reduced outstanding principal amount.

Investor Impact: Debenture holders on record date will receive interest payment and partial principal redemption. Post-redemption, each debenture will have a face value of Rs. 14,290.

Operational Impact: Trading members need to ensure their systems reflect the reduced face value from the effective date to prevent settlement issues. The reduction in face value indicates partial return of principal to investors while the debentures remain outstanding.

Impact Justification

Part redemption affects debenture holders with reduced face value from original to Rs. 14,290 per debenture, impacting debt market operations