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 to occur at reduced face value effective 11 March 2026.

Summary

BSE has notified 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 (ISIN: INE217T07027, Scrip Code: 976775). Following this redemption, trading in the debentures will continue at a reduced face value of Rs. 85,796 per debenture effective the same date.

Key Points

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

Regulatory Changes

No new regulatory changes introduced. This is a corporate action notice under the existing framework for part redemption of listed debt securities on BSE’s Debt Market Segment.

Compliance Requirements

  • Trading members must note that from 11 March 2026, all trades in Suruchi Properties Pvt Ltd debentures (ISIN: INE217T07027) must be executed at the reduced face value of Rs. 85,796 per debenture.
  • Members should update their systems to reflect the new face value for settlement purposes under Settlement No. DR-837/2025-2026.

Important Dates

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

Impact Assessment

This part redemption affects holders of Suruchi Properties Pvt Ltd’s 10% NCDs maturing on 11 June 2028. The face value is reduced to Rs. 85,796 per debenture following partial principal repayment. Impact is limited to existing debenture holders and counterparties trading this specific instrument on BSE’s Debt Market Segment. No broader market or equity segment impact is expected.

Impact Justification

Routine part redemption of privately placed NCDs affecting only holders of SPPL-10%-11-6-28-PVT debentures; limited market-wide impact but material for existing debenture holders due to reduced face value.