Description

BSE notifies trading members of a record date for part redemption and interest payment on NCDs of Vistaar Financial Services Pvt Ltd, with reduced face value effective March 2, 2026.

Summary

BSE has informed trading members that Vistaar Financial Services Pvt Ltd has fixed a record date of March 3, 2026, for the purpose of payment of interest and part redemption of its Non-Convertible Debentures (NCDs). Trading in the debentures will be conducted at a reduced face value effective March 2, 2026.

Key Points

  • Company: Vistaar Financial Services Pvt Ltd
  • Scrip / ISIN: VFSL-9.65-18-6-26-PVT / INE016P07229 (Code: 975745)
  • Record Date: March 3, 2026
  • Purpose: Part Redemption of Debentures and Payment of Interest
  • Reduced Face Value: Rs. 25,000 per Debenture
  • Effective Date for Reduced Face Value: March 2, 2026
  • Settlement Number: DR-831/2025-2026

Regulatory Changes

No new regulatory changes introduced. This is a standard corporate action notification in line with existing BSE debt market procedures for part redemption events.

Compliance Requirements

  • Trading members must ensure all trades in the specified debenture (VFSL-9.65-18-6-26-PVT) are executed at the reduced face value of Rs. 25,000 per debenture with effect from March 2, 2026.
  • Members should update their systems to reflect the reduced face value ahead of the effective date.

Important Dates

  • February 23, 2026: Notice issued by BSE
  • March 2, 2026: Effective date for trading at reduced face value (Settlement: DR-831/2025-2026)
  • March 3, 2026: Record date for part redemption and interest payment

Impact Assessment

This action affects holders of Vistaar Financial Services Pvt Ltd NCDs (ISIN: INE016P07229). The part redemption reduces the face value of the debenture to Rs. 25,000 per unit, impacting the market price and yield calculations for existing holders. The impact is limited to participants in the BSE debt segment trading this specific privately placed instrument. No broader market disruption is anticipated.

Impact Justification

Routine part redemption of privately placed NCDs with a defined record date and reduced face value; impacts debenture holders and trading members dealing in VISTAAR FINANCIAL SERVICES debt instruments.