Description

BSE notifies trading members of record dates for part redemption and interest payment on two series of IKF Finance Limited non-convertible debentures, with reduced face values effective March 2026.

Summary

BSE has notified trading members that IKF Finance Limited has fixed record dates for part redemption and interest payment on two series of non-convertible debentures. Trading in these debentures will continue with reduced face values effective from the respective record dates.

Key Points

  • Two NCD series of IKF Finance Limited are subject to part redemption and interest payment
  • Series 1 (ifl-9.95%-27-3-27-pvt, ISIN INE859C07162, Code 975569): Record date 12/03/2026, reduced face value Rs. 33,334 per debenture, Settlement DR-838/2025-2026
  • Series 2 (IKFFL-9.9%-30-12-27-PVT, ISIN INE859C07212, Code 976301): Record date 16/03/2026, reduced face value Rs. 58,333.35 per debenture, Settlement DR-840/2025-2026
  • Trading will resume with reduced face values effective from the respective record dates

Regulatory Changes

No new regulatory changes introduced. This is a standard corporate action notification under existing BSE debt segment rules for part redemption of privately placed NCDs.

Compliance Requirements

  • Trading members must note the record dates and updated face values for both debenture series
  • Trades in these instruments from the effective dates must reflect the reduced face values
  • Members should update their systems to reflect the new face values and settlement numbers

Important Dates

  • 12 March 2026: Record date and effective date for IKF Finance ifl-9.95%-27-3-27-pvt (INE859C07162); reduced face value Rs. 33,334; Settlement DR-838/2025-2026
  • 16 March 2026: Record date and effective date for IKF Finance IKFFL-9.9%-30-12-27-PVT (INE859C07212); reduced face value Rs. 58,333.35; Settlement DR-840/2025-2026

Impact Assessment

This circular impacts holders and traders of two specific IKF Finance Limited NCD series in the BSE debt segment. The reduced face values indicate partial principal repayment alongside interest payments. Market impact is limited to participants directly holding or trading these specific debenture series. Investors should account for the revised face values in their valuation and settlement calculations from the respective effective dates.

Impact Justification

Routine part redemption of NCDs affecting holders of two specific debenture series of IKF Finance Limited; impacts trading in these instruments with reduced face value from respective record dates.