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 January 13, 2026.

Summary

SPANDANA SPHOORTY FINANCIAL LIMITED has set January 13, 2026 as the record date for part redemption of its non-convertible debentures (ISIN: INE572J07752, Code: 975990) and payment of interest. The debentures will trade with a reduced face value of Rs. 54,545.45 per debenture effective from January 13, 2026 under settlement number DR-797/2025-2026.

Key Points

  • Company: SPANDANA SPHOORTY FINANCIAL LIMITED
  • Security: 10.75% Non-Convertible Debentures maturing April 15, 2027
  • ISIN: INE572J07752
  • Scrip Code: 975990
  • Record Date: January 13, 2026
  • Reduced Face Value: Rs. 54,545.45 per debenture
  • Purpose: Part redemption of debentures and payment of interest
  • Settlement Number: DR-797/2025-2026

Regulatory Changes

No regulatory framework changes. This is a standard corporate action notice for part redemption of privately placed debentures.

Compliance Requirements

  • Trading members must note that trading in the debentures will be with reduced face value effective from January 13, 2026
  • Debenture holders on record as of January 13, 2026 will be eligible for interest payment and part redemption
  • Trading members should update their systems to reflect the new face value for settlement purposes

Important Dates

  • Notice Date: January 7, 2026 (Notice No: 20260107-10)
  • Record Date: January 13, 2026
  • Effective Date for Reduced Face Value: January 13, 2026
  • Settlement: DR-797/2025-2026
  • Debenture Maturity: April 15, 2027

Impact Assessment

Debenture Holders: Positive impact as holders will receive partial redemption proceeds along with interest payment. The reduced face value of Rs. 54,545.45 indicates a partial return of principal.

Market Impact: Limited market impact as this affects a specific privately placed debt security. Trading members need to adjust their systems for the new face value.

Liquidity: The part redemption provides liquidity to debenture holders while the securities continue to trade at the reduced face value until maturity in April 2027.

Issuer: SPANDANA SPHOORTY FINANCIAL LIMITED is meeting its debt obligations as per the debenture terms, demonstrating financial discipline in servicing its debt securities.

Impact Justification

Medium importance as this affects specific debenture holders of SPANDANA SPHOORTY FINANCIAL LIMITED with part redemption reducing face value from original to Rs. 54,545.45 per debenture