Description

SAMMAAN FINSERVE LIMITED has fixed record date for payment of interest and part redemption of non-convertible debentures with reduced face value effective January 19, 2026.

Summary

SAMMAAN FINSERVE LIMITED has announced part redemption of four series of non-convertible debentures along with interest payment. The record date is January 19, 2026, and trading will commence with reduced face value from the same date. Each debenture’s face value will be reduced from Rs. 1,000 to Rs. 400 following the part redemption.

Key Points

  • Part redemption affects four debenture series of SAMMAAN FINSERVE LIMITED
  • Record date fixed as January 19, 2026 for both interest payment and part redemption
  • Reduced face value of Rs. 400 per debenture (from Rs. 1,000) effective from January 19, 2026
  • Settlement number: DR-801/2025-2026
  • All four debentures have maturity date of February 2, 2028

Debenture Details

SFIL-9.80%-02-02-28-NCD

  • ISIN: INE244L07317
  • Scrip Code: 938410
  • Coupon Rate: 9.80%
  • Reduced Face Value: Rs. 400

SFIL-10.30%-2-2-28-NCD

  • ISIN: INE244L07283
  • Scrip Code: 938414
  • Coupon Rate: 10.30%
  • Reduced Face Value: Rs. 400

SFIL-9.40%-2-2-28-NCD

  • ISIN: INE244L07408
  • Scrip Code: 938418
  • Coupon Rate: 9.40%
  • Reduced Face Value: Rs. 400

SFIL-9.85%-2-2-28-NCD

  • ISIN: INE244L07416
  • Scrip Code: 938422
  • Coupon Rate: 9.85%
  • Reduced Face Value: Rs. 400

Important Dates

  • Record Date: January 19, 2026
  • Effective Date for Reduced Face Value: January 19, 2026
  • Settlement Number: DR-801/2025-2026
  • Maturity Date: February 2, 2028 (all series)

Compliance Requirements

  • Trading members must note that trading in these debentures will be conducted with reduced face value of Rs. 400 per debenture from January 19, 2026
  • Members should update their systems to reflect the new face value for accurate trading and settlement

Impact Assessment

This is a standard debt corporate action involving part redemption of approximately 60% of the original face value (Rs. 600 out of Rs. 1,000). Debenture holders will receive partial redemption proceeds along with accrued interest. The reduced face value will affect future interest calculations and trading prices. Trading members need to ensure proper system updates to handle the face value change for accurate position tracking and settlement.

Impact Justification

Routine debt corporate action affecting four debenture series with part redemption and face value reduction from Rs. 1000 to Rs. 400 per debenture