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 announced part redemption of its non-convertible debentures (ISIN: INE572J07752, Code: 975990) along with interest payment. The debentures will trade with reduced face value of Rs. 54,545.45 per debenture effective January 13, 2026 under settlement number DR-797/2025-2026.
Key Points
- Record date fixed for part redemption and interest payment: January 13, 2026
- ISIN: INE572J07752
- BSE Code: 975990
- Debenture Series: SSFL-10.75%-15-4-27-PVT
- New reduced face value: Rs. 54,545.45 per debenture
- Effective date for reduced face value trading: January 13, 2026
- Settlement number: DR-797/2025-2026
Regulatory Changes
No regulatory framework changes. This is a corporate action in accordance with existing debenture terms.
Compliance Requirements
- Trading members must note that trading in the debentures will be conducted with reduced face value from the effective date
- All trades executed on or after January 13, 2026 will reflect the reduced face value of Rs. 54,545.45
Important Dates
- Notice Date: January 7, 2026 (Notice issued January 5, 2026)
- Record Date: January 13, 2026
- Effective Date for Reduced Face Value: January 13, 2026
- Settlement Number: DR-797/2025-2026
Impact Assessment
Debenture Holders: Existing holders will receive partial redemption proceeds and interest payment. The face value reduction reflects the partial repayment of principal.
Market Impact: Limited to holders of this specific debenture series. Trading will continue with the reduced face value post record date. This is a routine corporate action for debt securities and does not indicate financial distress.
Impact Justification
Part redemption affects debenture holders with face value reduction. Important for debt investors but limited to specific security.