Description

BSE notifies part redemption and interest payment for Mahaveer Finance India Limited debentures with record date February 3, 2026, reducing face value to Rs. 5000 per debenture.

Summary

BSE has issued a notice regarding part redemption of non-convertible debentures issued by Mahaveer Finance India Limited. The company has fixed a record date of February 3, 2026 for payment of interest and part redemption. Trading in these debentures will commence with reduced face value effective from the same date.

Key Points

  • Company: Mahaveer Finance India Limited
  • ISIN: INE911L07121 (Code: 976428)
  • Security: MFIL-11.6%-18-2-27-PVT debentures
  • Record Date: February 3, 2026
  • Purpose: Part redemption of debentures and payment of interest
  • Reduced Face Value: Rs. 5,000 per debenture
  • Effective Date: February 3, 2026 (Settlement No. DR-812/2025-2026)

Regulatory Changes

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

Compliance Requirements

  • Trading members must note that trading in the debentures will be conducted at reduced face value of Rs. 5,000 per debenture effective from February 3, 2026
  • Debenture holders as on record date will be eligible for interest payment and part redemption proceeds

Important Dates

  • January 28, 2026: Notice issued
  • February 3, 2026: Record date for interest payment and part redemption
  • February 3, 2026: Effective date for trading with reduced face value (Settlement DR-812/2025-2026)

Impact Assessment

This is a routine corporate action with limited market impact, affecting only holders of Mahaveer Finance India Limited’s non-convertible debentures. The part redemption reduces the face value to Rs. 5,000 per debenture, returning capital to debenture holders while maintaining the security in trading with adjusted valuation. Trading members need to update their systems to reflect the new face value for accurate pricing and settlement.

Impact Justification

Routine corporate action affecting single company's debenture holders only, with standard part redemption process reducing face value