Description

GREAVES FINANCE LIMITED has fixed record date for payment of interest and part redemption of non-convertible debentures with reduced face value effective from January 13, 2026.

Summary

GREAVES FINANCE LIMITED has announced part redemption of its non-convertible debentures (ISIN: INE1QWF07014, Code: 977162) along with interest payment. The record date has been fixed as January 13, 2026. Trading in these debentures will commence with a reduced face value of Rs. 83,332 per debenture effective from January 13, 2026 under settlement DR-797/2025-2026.

Key Points

  • Company: GREAVES FINANCE LIMITED
  • ISIN: INE1QWF07014 (Code: 977162)
  • Debenture Series: GFL-10.50%-29-9-27-PVT
  • Record Date: January 13, 2026
  • Purpose: Part redemption of debentures and payment of interest
  • New reduced face value: Rs. 83,332 per debenture
  • Effective date: January 13, 2026
  • Settlement number: DR-797/2025-2026

Regulatory Changes

No regulatory changes. This is a standard corporate action for debt securities.

Compliance Requirements

  • Trading members must note that trading in the debentures will be conducted with the reduced face value effective from January 13, 2026
  • Members should update their systems to reflect the new face value of Rs. 83,332 per debenture
  • All trading and settlement activities must account for the reduced face value from the effective date

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

Market Impact: Low - This circular affects only holders of specific debentures of GREAVES FINANCE LIMITED. The part redemption is a scheduled corporate action with no unexpected market implications.

Operational Impact: Low - Trading members need to update their systems to reflect the reduced face value for this specific ISIN. The change is straightforward and routine for debt securities undergoing partial redemption.

Investor Impact: Debenture holders will receive partial redemption proceeds and interest payment as per the record date. Post-redemption, the face value per debenture will be reduced to Rs. 83,332.

Impact Justification

Routine corporate action affecting specific debenture holders of GREAVES FINANCE LIMITED only, with limited broader market impact.