Description
BSE notifies trading members of IKF Finance Limited's record dates for part redemption and interest payment on two series of non-convertible debentures, with reduced face values effective March 12 and March 16, 2026.
Summary
BSE has informed trading members that IKF Finance Limited has fixed record dates for the payment of interest and part redemption on two series of non-convertible debentures. Trading in the debentures will occur at reduced face values from the respective effective dates.
Key Points
- Two NCD series of IKF Finance Limited are undergoing part redemption with simultaneous interest payment
- Series 1 (INE859C07162 / Code 975569): Record date March 12, 2026; reduced face value Rs. 33,334 per debenture
- Series 2 (INE859C07212 / Code 976301): Record date March 16, 2026; reduced face value Rs. 58,333.35 per debenture
- Trading in both debenture series will be with reduced face value effective from their respective record dates
- Circular issued under Notice No. 20260309-19 dated March 09, 2026
Regulatory Changes
No new regulatory changes introduced. This is a standard corporate action notification under BSE’s debt segment framework requiring trading members to update debenture face values in their systems.
Compliance Requirements
- Trading members must update trading systems to reflect the reduced face values for both NCD series from their respective effective dates
- Members must ensure settlement occurs under the correct settlement numbers: DR-838/2025-2026 (Series 1) and DR-840/2025-2026 (Series 2)
Important Dates
| Series | ISIN | Record Date | Effective Date | Settlement No. |
|---|---|---|---|---|
| ifl-9.95%-27-3-27-pvt | INE859C07162 (975569) | 12/03/2026 | 12/03/2026 | DR-838/2025-2026 |
| IKFFL-9.9%-30-12-27-PVT | INE859C07212 (976301) | 16/03/2026 | 16/03/2026 | DR-840/2025-2026 |
Impact Assessment
This circular has a moderate and targeted impact, affecting only holders and traders of IKF Finance Limited’s two specific NCD series. Debenture holders will receive part principal repayment along with accrued interest on the respective record dates. Post-redemption, trading will continue in the debentures at reduced face values, which may affect pricing and yield calculations. The staggered effective dates (March 12 and March 16) require trading members to make two separate system updates.
Impact Justification
Routine part redemption of debentures affecting two NCD series with specific record dates; impacts debenture holders and trading members dealing in IKF Finance debt instruments.