Description

BSE notifies trading members of the record date for part redemption and interest payment on NCDs of Vistaar Financial Services Pvt Ltd, with trading to continue at reduced face value from 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 part redemption of its Non-Convertible Debentures (NCDs) and payment of interest. Following the redemption, trading in the debentures will continue at a reduced face value of Rs. 25,000 per debenture effective March 2, 2026.

Key Points

  • Company: Vistaar Financial Services Pvt Ltd
  • Instrument: NCD series VFSL-9.65-18-6-26-PVT (ISIN: INE016P07229, Scrip 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
  • Notice Number: 20260223-36

Regulatory Changes

No new regulatory changes introduced. 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 change in face value effective March 2, 2026.
  • All trades in the debenture on and after March 2, 2026 must reflect the reduced face value of Rs. 25,000 per debenture.
  • Members should update their systems to reflect the new face value under Settlement No. DR-831/2025-2026.

Important Dates

  • February 23, 2026: BSE notice issued
  • March 2, 2026: Effective date for trading at reduced face value (Settlement No. DR-831/2025-2026)
  • March 3, 2026: Record date for part redemption and interest payment

Impact Assessment

The impact is limited to holders and traders of the specific NCD series (VFSL-9.65-18-6-26-PVT). This is a routine debt market corporate action with no broader market implications. Trading members dealing in this instrument must update face value in their systems from March 2, 2026 to avoid settlement discrepancies.

Impact Justification

Routine part redemption of privately placed NCDs affecting a single issuer's debt instrument; limited market impact confined to holders of the specific debenture series.