Description

Part redemption of debentures with reduced face value from Rs. 100,000 to Rs. 54,545.45 per debenture, effective January 13, 2026.

Summary

SPANDANA SPHOORTY FINANCIAL LIMITED has announced part redemption of its Non-Convertible Debentures (ISIN: INE572J07752, Code: 975990) with a record date of January 13, 2026. The face value of the debentures will be reduced from Rs. 100,000 to Rs. 54,545.45 per debenture, representing a 45.45% reduction. Trading in these debentures will commence with the reduced face value effective January 13, 2026.

Key Points

  • Company: SPANDANA SPHOORTY FINANCIAL LIMITED (SSFL)
  • Security Code: 975990
  • ISIN: INE572J07752 (10.75% debentures maturing April 15, 2027)
  • Record Date: January 13, 2026
  • Purpose: Part redemption of debentures and payment of interest
  • New Face Value: Rs. 54,545.45 per debenture (reduced from Rs. 100,000)
  • Reduction Amount: Rs. 45,454.55 per debenture (45.45% reduction)
  • Settlement: DR-797/2025-2026

Regulatory Changes

No regulatory changes introduced by this circular. This is a standard corporate action notification for part redemption of debt securities.

Compliance Requirements

  • Trading Members must note that trading in the debentures will be with reduced face value effective January 13, 2026
  • All systems and records must be updated to reflect the new face value of Rs. 54,545.45 per debenture
  • Debenture holders on record as of January 13, 2026 will be eligible for interest payment and part redemption proceeds

Important Dates

  • Notice Date: January 7, 2026 (Circular issued January 5, 2026)
  • Record Date: January 13, 2026
  • Effective Date for Reduced Face Value: January 13, 2026
  • Settlement: DR-797/2025-2026

Impact Assessment

Debenture Holders: Investors holding these debentures will receive partial redemption proceeds of Rs. 45,454.55 per debenture (45.45% of original face value) along with accrued interest. Post-redemption, each debenture will have a reduced face value of Rs. 54,545.45.

Market Impact: The part redemption reduces the outstanding principal amount, which may affect liquidity and trading volumes in these securities. Debenture holders will need to adjust their portfolio valuations and yield calculations based on the new reduced face value.

Trading Impact: From January 13, 2026, all trading in these debentures will reflect the reduced face value, requiring system updates by brokers and trading members to ensure accurate pricing and settlement.

Impact Justification

Routine corporate action affecting debenture holders with part redemption and interest payment. Material impact on debenture face value (45.45% reduction).