Description

BSE notifies trading members of part redemption and interest payment on two series of IKF Finance Limited 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 part redemption and interest payment on two series of Non-Convertible Debentures (NCDs). Trading in these debentures will occur at reduced face values effective from the respective record dates.

Key Points

  • Two NCD series of IKF Finance Limited are undergoing part redemption with simultaneous interest payments.
  • Series 1 (INE859C07162, code 975569): Record date March 12, 2026; reduced face value Rs. 33,334 per debenture; settlement DR-838/2025-2026.
  • Series 2 (INE859C07212, code 976301): Record date March 16, 2026; reduced face value Rs. 58,333.35 per debenture; settlement DR-840/2025-2026.
  • Both series are privately placed debentures traded on the Debt Market Segment of BSE.

Regulatory Changes

No new regulatory changes. This is a standard corporate action notification under existing BSE listing and compliance framework for debt securities.

Compliance Requirements

  • Trading members must note the reduced face values effective from the respective record dates.
  • Trades in the affected debenture series must be executed at the revised (reduced) face values from the effective dates onward.

Important Dates

  • March 12, 2026: Record date and effective date for IFL-9.95%-27-3-27-PVT (INE859C07162); reduced face value Rs. 33,334 per debenture.
  • March 16, 2026: Record date and effective date for IKFFL-9.9%-30-12-27-PVT (INE859C07212); reduced face value Rs. 58,333.35 per debenture.

Impact Assessment

This notice affects holders and traders of IKF Finance Limited’s two NCD series. From the effective dates, trading will reflect reduced face values, impacting pricing and settlement for debenture transactions. The impact is limited to participants in the BSE debt segment dealing in these specific securities. No broader market disruption is anticipated.

Impact Justification

Routine part redemption notice for two NCD series of IKF Finance Limited affecting debenture holders; trading will continue at reduced face values post record dates.