Description

Fedbank Financial Services Limited has fixed a record date of 11 March 2026 for part redemption of its Non-Convertible Debentures, with trading to continue at a reduced face value of Rs. 31,250 per debenture effective the same date.

Summary

BSE has notified trading members that Fedbank Financial Services Limited has fixed a record date for part redemption of its Non-Convertible Debentures (NCDs). Following the redemption, trading in the debentures will continue at a reduced face value effective 11 March 2026.

Key Points

  • Company: Fedbank Financial Services Limited
  • Debenture series: FFSL-SBIMCLR8.25%-26-6-27-PVT
  • ISIN: INE007N07041 (BSE scrip code: 974927)
  • Record date for part redemption: 11 March 2026
  • Reduced face value post-redemption: Rs. 31,250 per debenture
  • Effective date for reduced face value trading: 11 March 2026
  • Settlement reference: DR-837/2025-2026

Regulatory Changes

No new regulatory framework introduced. This is a standard corporate action notice under BSE’s debt market segment procedures for part redemption of listed NCDs.

Compliance Requirements

  • Trading members must note the reduced face value of Rs. 31,250 per debenture effective 11 March 2026.
  • All trades in ISIN INE007N07041 on or after the effective date must reflect the revised face value.
  • Settlement of trades must reference DR-837/2025-2026 for the applicable period.

Important Dates

  • Record Date: 11 March 2026
  • Effective Date for Reduced Face Value Trading: 11 March 2026
  • Circular Date: 02 March 2026

Impact Assessment

This part redemption reduces the face value of each debenture in the FFSL-SBIMCLR8.25%-26-6-27-PVT series to Rs. 31,250, impacting the market price and accrued interest calculations for existing holders. Traders and investors in the BSE debt segment holding this ISIN must update their systems to reflect the new face value from 11 March 2026. The impact is contained to holders of this specific debenture series and does not affect equity shareholders of Fedbank Financial Services Limited.

Impact Justification

Routine part redemption of NCDs affecting debenture holders and traders in the debt segment; reduced face value impacts pricing and settlement but is limited to a single debenture series.