Description

MANBA FINANCE LIMITED has fixed record date for payment of interest and part redemption of non-convertible debentures with reduced face value effective January 16, 2026.

Summary

MANBA FINANCE LIMITED has announced part redemption of its non-convertible debentures (ISIN: INE939X07119, Code: 975425, Series: MFL-13.25%-28-2-26-PVT) along with payment of interest. The record date is set for January 16, 2026, and trading in these debentures will commence with a reduced face value from the same date.

Key Points

  • Record date for part redemption and interest payment: January 16, 2026
  • ISIN: INE939X07119
  • Debenture Code: 975425
  • Series: MFL-13.25%-28-2-26-PVT (13.25% coupon rate, maturity February 28, 2026)
  • New reduced face value: Rs. 5,555.56 per debenture
  • Effective date of reduced face value: January 16, 2026
  • Settlement number: DR-800/2025-2026
  • Circular issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations

Regulatory Changes

No regulatory framework changes. This is a standard corporate action notification.

Compliance Requirements

  • Trading members must note that trading in MANBA FINANCE LIMITED debentures will be conducted with the reduced face value of Rs. 5,555.56 per debenture effective January 16, 2026
  • Members should update their systems to reflect the new face value for settlement purposes
  • Debenture holders on record as of January 16, 2026 will be eligible for interest payment and part redemption

Important Dates

  • January 8, 2026: Notice date
  • January 16, 2026: Record date for determining eligible debenture holders
  • January 16, 2026: Effective date for trading with reduced face value (Settlement DR-800/2025-2026)
  • February 28, 2026: Original maturity date of debenture series

Impact Assessment

Market Impact: Low to medium. This is a routine corporate action affecting only holders of this specific debenture series.

Investor Impact: Medium for debenture holders. Investors holding these debentures will receive partial redemption proceeds and interest payment. The face value reduction from the original amount to Rs. 5,555.56 indicates a significant partial redemption.

Operational Impact: Trading members need to update their systems to reflect the new face value for accurate settlement and trading. The proximity of this part redemption to the final maturity date (February 28, 2026) suggests this may be one of the final redemption installments before full maturity.

Impact Justification

Routine corporate action affecting specific debenture holders of MANBA FINANCE LIMITED with part redemption and interest payment. Limited market-wide impact but significant for debenture holders.