Description
BSE notifies trading members of the record date for part redemption and interest payment on NCDs of Finnable Credit Private Limited, with reduced face value effective 24 February 2026.
Summary
BSE has informed trading members that Finnable Credit Private Limited has fixed a record date of 24 February 2026 for the payment of interest and part redemption of its Non-Convertible Debentures. Trading in these debentures will be conducted with a reduced face value effective from the same date.
Key Points
- Company: Finnable Credit Private Limited
- Instrument: FCPL-12.25%-11-6-28-PVT (ISIN: INE14H407074, Scrip Code: 977363)
- Record Date: 24 February 2026
- Purpose: Part Redemption of Debentures and Payment of Interest
- Reduced Face Value: Rs. 90,000 per Debenture
- Effective Date: 24 February 2026
- Settlement Number: DR-827/2025-2026
Regulatory Changes
No new regulatory changes introduced. This is a standard corporate action notification pursuant to BSE listing and trading norms for debt instruments.
Compliance Requirements
- Trading members must note that from 24 February 2026, trades in the specified debenture (INE14H407074) will be executed at the reduced face value of Rs. 90,000 per debenture.
- Members should update their systems and inform clients holding this instrument accordingly.
Important Dates
- Record Date: 24 February 2026
- Effective Date for Reduced Face Value Trading: 24 February 2026
- Circular Date: 20 February 2026
Impact Assessment
The impact is confined to holders of Finnable Credit Private Limited’s NCD series FCPL-12.25%-11-6-28-PVT. The partial redemption reduces the face value per debenture to Rs. 90,000, affecting accrued interest calculations and secondary market pricing for this instrument from the effective date. Broader market impact is negligible given the privately placed nature of the instrument.
Impact Justification
Routine corporate action affecting a single privately placed NCD instrument; impact is limited to holders of this specific debenture series.