Description

BSE notifies trading members of Piramal Finance Limited's record date for part redemption of Non-Convertible Debentures and payment of interest, with reduced face value effective 12 March 2026.

Summary

BSE has informed trading members that Piramal Finance Limited has fixed a record date of 12 March 2026 for the purpose of part redemption of its Non-Convertible Debentures (NCDs) and payment of interest. Trading in these debentures will be conducted with a reduced face value effective from 12 March 2026.

Key Points

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

Regulatory Changes

No new regulatory changes introduced. This is a standard corporate action notification pursuant to existing BSE debt market regulations governing part redemption and interest payment on listed NCDs.

Compliance Requirements

  • Trading members must note that from 12 March 2026, trading in the specified debentures (ISIN INE516Y07444) will occur with a reduced face value of Rs. 775/- per debenture.
  • Members should update their systems and inform clients accordingly prior to the effective date.

Important Dates

  • Record Date: 12 March 2026
  • Effective Date for Reduced Face Value Trading: 12 March 2026
  • Settlement Number: DR-838/2025-2026
  • Circular Date: 09 March 2026

Impact Assessment

This corporate action directly affects holders of Piramal Finance Limited’s NCD series PFL-6.75%-26-9-31-PVT (ISIN INE516Y07444). From 12 March 2026, the face value of each debenture will be reduced to Rs. 775/-, reflecting the part redemption amount paid out. Market participants trading in this instrument on or after the effective date must account for the revised face value in pricing and settlement. The impact is limited to holders of this specific NCD series and does not affect equity or other debt instruments of the company.

Impact Justification

Routine corporate action affecting a specific NCD series of Piramal Finance Limited; impacts holders of ISIN INE516Y07444 with reduced face value from the record date.