Description
BSE notifies trading members of record dates and reduced face values for part redemption of two series of Non-Convertible Debentures of SRG Housing Finance Limited, effective March 2026.
Summary
BSE has notified trading members that SRG Housing Finance Limited has fixed record dates for the payment of interest and part redemption of two series of Non-Convertible Debentures (NCDs). Trading in these debentures will occur with reduced face values from the respective effective dates.
Key Points
- Two NCD series of SRG Housing Finance Limited are subject to part redemption and interest payment
- Series 1 (INE559N07066, Code 977242): Record date 09/03/2026, reduced face value Rs. 92,424.24 per debenture, effective 09/03/2026 under settlement DR-835/2025-2026
- Series 2 (INE559N07058, Code 977076): Record date 14/03/2026, reduced face value Rs. 89,393.94 per debenture, effective 13/03/2026 under settlement DR-839/2025-2026
- Both series are privately placed NCDs with coupon rate 11.52%
- Notice issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations
Regulatory Changes
No new regulatory changes. This is a routine corporate action notification pursuant to existing BSE debt segment listing requirements.
Compliance Requirements
- Trading members must note the revised (reduced) face values for both NCD series from their respective effective dates
- Settlement and trading in these debentures must reflect the reduced face values post the effective dates
- Members should update records for settlement numbers DR-835/2025-2026 and DR-839/2025-2026 accordingly
Important Dates
| Series | ISIN | Record Date | Effective Date | Settlement No. |
|---|---|---|---|---|
| SRGHFL-11.52%-24-4-31-PVT | INE559N07066 (977242) | 09 Mar 2026 | 09 Mar 2026 | DR-835/2025-2026 |
| SRGHFL-11.52%-01-03-31-PVT | INE559N07058 (977076) | 14 Mar 2026 | 13 Mar 2026 | DR-839/2025-2026 |
Impact Assessment
This circular primarily affects holders and traders of SRG Housing Finance Limited’s privately placed NCDs in the BSE debt segment. The part redemption reduces the outstanding face value per debenture, which impacts pricing and settlement calculations. The effect is limited to debt segment participants dealing in these two specific series and does not affect equity markets broadly.
Impact Justification
Routine part redemption of privately placed NCDs affecting debt segment trading members; impacts holders of two specific debenture series with reduced face values effective March 2026.