Description

BSE notifies trading members that Suruchi Properties Pvt Ltd has fixed a record date for part redemption of its Non-Convertible Debentures, with trading in debentures to continue at a reduced face value effective 11 March 2026.

Summary

BSE has informed trading members that Suruchi Properties Pvt Ltd has fixed a record date of 11 March 2026 for the part redemption of its Non-Convertible Debentures (NCDs). Following the redemption, trading in these debentures will continue at a reduced face value of Rs. 85,796 per debenture, effective 11 March 2026.

Key Points

  • Company: Suruchi Properties Pvt Ltd
  • Instrument: Non-Convertible Debentures (SPPL-10%-11-6-28-PVT, ISIN: INE217T07027, Code: 976775)
  • Record Date: 11 March 2026
  • Purpose: Part Redemption of Debentures
  • Reduced Face Value: Rs. 85,796 per debenture
  • Effective Date: 11 March 2026
  • Settlement Number: DR-837/2025-2026

Regulatory Changes

No new regulatory changes introduced. This is an operational notice under existing BSE debt segment guidelines for corporate actions involving part redemption of listed debentures.

Compliance Requirements

  • Trading members must note that trading in the debentures of Suruchi Properties Pvt Ltd will be conducted at the reduced face value of Rs. 85,796 per debenture with effect from 11 March 2026.
  • Members should update their systems to reflect the revised face value from the effective date.

Important Dates

  • Record Date: 11 March 2026
  • Effective Date for Reduced Face Value Trading: 11 March 2026
  • Settlement: DR-837/2025-2026
  • Notice Date: 10 March 2026

Impact Assessment

This part redemption reduces the face value of each NCD of Suruchi Properties Pvt Ltd to Rs. 85,796, indicating a partial return of principal to debenture holders. The impact is limited to holders of this specific private NCD instrument. Trading members dealing in this instrument must ensure trades from 11 March 2026 onwards reflect the new reduced face value to avoid settlement discrepancies.

Impact Justification

Routine part redemption of private NCDs affecting debenture holders of Suruchi Properties Pvt Ltd; reduces face value per debenture significantly but limited to a single private company's debt instrument.