Description

Piramal Finance Limited has fixed a record date for part redemption of non-convertible debentures and payment of interest, with trading to continue at a reduced face value from 12 March 2026.

Summary

Piramal Finance Limited has announced a record date of 12 March 2026 for the part redemption of its Non-Convertible Debentures (NCDs) and simultaneous payment of interest. Following the redemption, trading in the debentures will continue at a reduced face value of Rs. 775 per debenture effective from the same date.

Key Points

  • Company: Piramal Finance Limited
  • Debenture Series: PFL-6.75%-26-9-31-PVT (Scrip Code: 973491, ISIN: INE516Y07444)
  • Record Date: 12 March 2026
  • Purpose: Part Redemption of Debentures and Payment of Interest
  • Reduced Face Value: Rs. 775 per debenture
  • Effective Date for Reduced Face Value: 12 March 2026
  • Settlement Number: DR-838/2025-2026

Regulatory Changes

No new regulatory changes introduced. This circular is a standard corporate action notification under BSE’s listing compliance framework for debt securities.

Compliance Requirements

  • Trading members are required to note the change in face value effective 12 March 2026.
  • All trades in the debentures on or after the effective date must reflect the reduced face value of Rs. 775 per debenture.

Important Dates

  • Record Date: 12 March 2026
  • Effective Date for Reduced Face Value: 12 March 2026
  • Settlement: DR-838/2025-2026

Impact Assessment

This part redemption reduces the face value of the Piramal Finance NCD (6.75% series) from its current level to Rs. 775 per debenture. Existing debenture holders will receive a partial principal repayment along with accrued interest on the record date. Trading members and debenture holders should update their records to reflect the new reduced face value for all subsequent transactions. Impact is limited to holders of this specific NCD series.

Impact Justification

Routine part redemption of NCD with reduced face value affecting debenture holders of Piramal Finance Limited; no broad market impact but directly relevant to holders of this specific debenture series.