Description
AAVAS FINANCIERS LIMITED has fixed record dates for part redemption and interest payment on two series of Non-Convertible Debentures, with trading in reduced face value effective March 10 and 11, 2026.
Summary
BSE has notified trading members that AAVAS FINANCIERS LIMITED has fixed record dates for part redemption and interest payment on two series of privately placed Non-Convertible Debentures (NCDs). Trading in these debentures will commence with a reduced face value from the respective effective dates.
Key Points
- Two NCD series of AAVAS FINANCIERS LIMITED are undergoing part redemption with simultaneous interest payment.
- Series 1 (AFL-6.25%-25-03-27-PVT, ISIN INE216P07225, Code 973863): Record date 10/03/2026, reduced face value Rs. 2,00,000 per debenture, effective 10/03/2026 under settlement DR-836/2025-2026.
- Series 2 (AVFL-7.40%-26-6-30-PVT, ISIN INE216P07290, Code 976856): Record date 11/03/2026, reduced face value Rs. 85,000 per debenture, effective 11/03/2026 under settlement DR-837/2025-2026.
- Trading members must note the reduced face values when dealing in these debentures from the respective effective dates.
Regulatory Changes
No new regulatory changes introduced. This is a corporate action notification under existing BSE debt market framework for part redemption of privately placed NCDs.
Compliance Requirements
- Trading members dealing in these NCD series must update their systems to reflect the reduced face values effective from the respective dates.
- Trades executed on or after the effective date must use the revised (reduced) face values for AFL-6.25%-25-03-27-PVT and AVFL-7.40%-26-6-30-PVT.
- Members should ensure settlement obligations align with the designated settlement numbers DR-836/2025-2026 and DR-837/2025-2026.
Important Dates
| Series | ISIN | Record Date | Effective Date | Settlement No. |
|---|---|---|---|---|
| AFL-6.25%-25-03-27-PVT (973863) | INE216P07225 | 10/03/2026 | 10/03/2026 | DR-836/2025-2026 |
| AVFL-7.40%-26-6-30-PVT (976856) | INE216P07290 | 11/03/2026 | 11/03/2026 | DR-837/2025-2026 |
Impact Assessment
This corporate action has a moderate, targeted impact on participants in the BSE debt segment holding or trading these two AAVAS FINANCIERS LIMITED NCD series. The reduced face values (Rs. 2,00,000 and Rs. 85,000 respectively) will affect pricing, settlement amounts, and portfolio valuations for affected debenture holders. Trading members must update reference data for these instruments ahead of the effective dates to avoid settlement discrepancies. No broad market impact is expected.
Impact Justification
Routine corporate action affecting holders of two specific NCD series of AAVAS FINANCIERS LIMITED; impacts trading members and debenture holders with reduced face value effective March 10-11, 2026.