Description

BSE notifies trading members that Suruchi Properties Pvt Ltd has fixed a record date of 11 March 2026 for part redemption of its Non-Convertible Debentures, with trading to continue at a reduced face value of Rs. 85,796 per debenture from the same date.

Summary

BSE has informed trading members that Suruchi Properties Pvt Ltd (code: 976775) has set a record date of 11 March 2026 for the part redemption of its Non-Convertible Debentures (NCDs) listed on the Debt segment. Post-redemption, trading in these debentures will continue with a reduced face value of Rs. 85,796 per debenture effective 11 March 2026 under settlement DR-837/2025-2026.

Key Points

  • Issuer: Suruchi Properties Pvt Ltd
  • Instrument: Non-Convertible Debentures — SPPL-10%-11-6-28-PVT (ISIN: INE217T07027, BSE Code: 976775)
  • Corporate action: Part Redemption of Debentures
  • Record date: 11 March 2026
  • Reduced face value post-redemption: Rs. 85,796 per debenture
  • Effective date for trading at reduced face value: 11 March 2026
  • Settlement number: DR-837/2025-2026

Regulatory Changes

No new regulatory changes introduced. This is a standard corporate action notice under BSE’s debt market operations framework.

Compliance Requirements

  • Trading members must note the revised face value of Rs. 85,796 per debenture effective 11 March 2026.
  • All trades in SPPL-10%-11-6-28-PVT (ISIN: INE217T07027) from 11 March 2026 onwards must reflect the reduced face value.
  • Members should update their systems to account for the new face value under settlement DR-837/2025-2026.

Important Dates

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

Impact Assessment

This part redemption reduces the face value of the NCD from its original value to Rs. 85,796 per debenture, returning a portion of principal to debenture holders. The impact is limited to holders of Suruchi Properties Pvt Ltd’s privately placed NCDs and trading members active in the BSE debt segment for this instrument. Trading will continue normally at the new reduced face value from 11 March 2026, requiring system-level updates for affected members.

Impact Justification

Routine part redemption of privately placed NCDs affecting a single issuer; reduces face value and impacts NCD holders and trading members dealing in this specific debt instrument.