Description

BSE notifies trading members that Piramal Finance Limited has fixed a record date of March 12, 2026 for part redemption and interest payment on its NCDs, with reduced face value effective from the same date.

Summary

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

Key Points

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

Regulatory Changes

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

Compliance Requirements

  • Trading members must note that from March 12, 2026, trading in the specified Piramal Finance Limited debentures (ISIN: INE516Y07444) will be conducted at the reduced face value of Rs. 775/- per debenture.
  • Members must update their systems to reflect the reduced face value effective from Settlement No. DR-838/2025-2026.

Important Dates

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

Impact Assessment

This part redemption reduces the face value of Piramal Finance Limited’s 6.75% NCD series from its original face value to Rs. 775/- per debenture, indicating a partial principal repayment to debenture holders. The impact is limited to holders of this specific privately placed debenture series (ISIN: INE516Y07444, Scrip Code: 973491). Secondary market trading in these debentures post the record date will reflect the lower face value, affecting pricing and yield calculations for any residual holdings.

Impact Justification

Routine part redemption of privately placed NCDs affecting a specific debenture series of Piramal Finance Limited; impacts existing debenture holders with reduced face value from Rs. 1000 to Rs. 775 per debenture.