Description

BSE notifies trading members of the part redemption of NCDs of Spandana Sphoorty Financial Limited with a record date of 02/03/2026, reducing the face value to Rs. 87,500 per debenture effective 02/03/2026.

Summary

BSE has informed trading members that Spandana Sphoorty Financial Limited has fixed a record date for the payment of interest and part redemption of its Non-Convertible Debentures (NCDs). Following the redemption, trading in these debentures will occur at a reduced face value of Rs. 87,500 per debenture effective 02/03/2026.

Key Points

  • Company: Spandana Sphoorty Financial Limited
  • Debenture Series: SSFL-11.25%-17-12-27-PVT (ISIN: INE572J07778, Scrip Code: 977387)
  • Record Date: 02/03/2026
  • Purpose: Part Redemption of Debentures and Payment of Interest
  • Reduced Face Value: Rs. 87,500 per debenture
  • Effective Date for Reduced Face Value Trading: 02/03/2026
  • Settlement Number: DR-831/2025-2026
  • Coupon Rate: 11.25%
  • Maturity Date: 17 December 2027

Regulatory Changes

No new regulatory changes. This is a standard corporate action notification under BSE’s debt market segment procedures for part redemption events.

Compliance Requirements

  • Trading members must note the reduced face value of Rs. 87,500 per debenture effective from 02/03/2026.
  • All trades in ISIN INE572J07778 on and after 02/03/2026 must reflect the revised face value.
  • Members should update their systems to account for the new settlement reference DR-831/2025-2026.

Important Dates

  • Record Date: 02/03/2026 — Determines eligibility for interest payment and part redemption
  • Effective Date for Reduced Face Value Trading: 02/03/2026
  • Circular Date: 20 February 2026

Impact Assessment

This part redemption reduces the face value of each debenture from its current level to Rs. 87,500, indicating a partial principal repayment to debenture holders. The impact is contained to holders of this specific NCD series and traders in the BSE debt segment. The 11.25% coupon and December 2027 maturity remain unchanged. Existing holders will receive a partial principal payout along with accrued interest on the record date. Post-redemption, the outstanding principal per debenture decreases, which will be reflected in the trading price.

Impact Justification

Routine corporate action involving part redemption of privately placed NCDs affecting debenture holders and traders in the debt segment; reduced face value impacts trading price reference.