Description

BSE notifies trading members of part redemption of non-convertible debentures and payment of interest for SRG Housing Finance Limited, with reduced face values effective March 2026.

Summary

BSE has notified trading members that SRG Housing Finance Limited has fixed record dates for part redemption of non-convertible debentures (NCDs) and payment of interest on two series of privately placed debentures. Trading in these debentures will be conducted at a reduced face value from the respective effective dates.

Key Points

  • Two series of SRG Housing Finance Limited NCDs 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 carry a coupon rate of 11.52% and mature in 2031
  • Trading members must note the reduced face values for post-effective-date trading

Regulatory Changes

No new regulatory changes introduced. This is a standard corporate action notification under BSE’s debt segment operational procedures.

Compliance Requirements

  • Trading members must update their systems to reflect the reduced face values for both debenture series from the respective effective dates
  • Trades on and after the effective dates must be executed at the revised (reduced) face values
  • Members should communicate the record dates and revised face values to relevant clients holding these instruments

Important Dates

  • Series 1 (INE559N07066):
    • Record Date: 09 March 2026
    • Effective Date for Reduced Face Value: 09 March 2026
    • Settlement No.: DR-835/2025-2026
  • Series 2 (INE559N07058):
    • Record Date: 14 March 2026
    • Effective Date for Reduced Face Value: 13 March 2026
    • Settlement No.: DR-839/2025-2026

Impact Assessment

The impact is limited to holders and traders of these two specific privately placed NCD series of SRG Housing Finance Limited. Post the effective dates, the face value of the debentures will be reduced to Rs. 92,424.24 and Rs. 89,393.94 respectively, reflecting the partial principal repayment. This is a routine debt market corporate action with no broader market implications. Members dealing in SRG Housing Finance debt instruments must ensure accurate pricing and settlement using the revised face values.

Impact Justification

Routine part redemption of privately placed NCDs affecting holders of two specific debenture series; reduced face value impacts trading in these instruments from specified effective dates.