Description

Spandana Sphoorty Financial Limited has fixed record date for payment of interest and part redemption of non-convertible debentures, with reduced face value effective from January 9, 2026.

Summary

Spandana Sphoorty Financial Limited has announced part redemption of its non-convertible debentures along with interest payment. The record date has been fixed as January 9, 2026, and trading in these debentures will commence with a reduced face value of Rs. 14,290 per debenture effective from the same date. This notice is issued to inform trading members about the corporate action and the reduced face value that will apply from the effective date.

Key Points

  • Company: Spandana Sphoorty Financial Limited
  • Security: Non-Convertible Debentures (ISIN: INE572J07745)
  • Security Code: SSFL-11.10%-24-4-26-PVT (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 Date: January 6, 2026

Regulatory Changes

No new regulatory changes introduced. This is a standard corporate action notice informing about part redemption of debentures as per existing regulations.

Compliance Requirements

  • Trading members must note that trading in the debentures will be conducted with the reduced face value of Rs. 14,290 per debenture from January 9, 2026
  • Trading members are required to update their systems to reflect the reduced face value for settlement number DR-795/2025-2026
  • All trades executed on or after the effective date must consider the new reduced face value

Important Dates

  • Notice Date: January 5, 2026 (issued January 6, 2026)
  • Record Date: January 9, 2026 - Determination of debenture holders eligible for interest payment and part redemption
  • Effective Date: January 9, 2026 - Trading commences with reduced face value of Rs. 14,290 per debenture
  • Settlement Number: DR-795/2025-2026

Impact Assessment

Debenture Holders: Existing debenture holders will receive partial redemption proceeds along with interest payment. The face value of their holdings will be reduced to Rs. 14,290 per debenture, representing a partial return of principal.

Market Impact: Limited to holders of this specific debt security. Trading will continue with the reduced face value, and all future transactions will be based on Rs. 14,290 per debenture. This is a routine corporate action for debt securities and does not indicate broader market implications.

Operational Impact: Trading members need to ensure their systems reflect the reduced face value from the effective date to ensure accurate settlement and valuation of positions in this security.

Impact Justification

Part redemption of debentures affects debt security holders of Spandana Sphoorty Financial Limited. The face value reduction from original value to Rs. 14,290 per debenture is significant for debenture holders. Medium impact as it affects specific debt instrument holders rather than broader market.