Description
Greaves Finance Limited has fixed record dates for part redemption and interest payment on two series of Non-Convertible Debentures, with reduced face values effective from March 13, 2026.
Summary
Greaves Finance Limited has announced part redemption of two series of Non-Convertible Debentures along with payment of interest. Trading in these debentures will occur at reduced face values effective March 13, 2026, with respective record dates of March 14 and March 15, 2026.
Key Points
- Two NCD series of Greaves Finance Limited are undergoing part redemption with simultaneous interest payment
- Series 1: GFL-10.50%-29-9-27-PVT (ISIN: INE1QWF07014, Scrip Code: 977162) — reduced face value of Rs. 74,998 per debenture
- Series 2: GFL-11.50%-30-04-27-UL-PVT (ISIN: INE1QWF07022, Scrip Code: 977441) — reduced face value of Rs. 54,166.63 per debenture
- Both series will trade at reduced face value from March 13, 2026 under Settlement No. DR-839/2025-2026
Regulatory Changes
No new regulatory changes. This is a standard corporate action under BSE’s debt segment guidelines for part redemption of privately placed NCDs.
Compliance Requirements
- Trading members must note the reduced face values for both NCD series effective March 13, 2026
- All trades in these debentures from the effective date must reflect the reduced face values as notified
Important Dates
| Series | Record Date | Effective Date for Reduced Face Value | Settlement No. |
|---|---|---|---|
| GFL-10.50%-29-9-27-PVT (INE1QWF07014) | March 14, 2026 | March 13, 2026 | DR-839/2025-2026 |
| GFL-11.50%-30-04-27-UL-PVT (INE1QWF07022) | March 15, 2026 | March 13, 2026 | DR-839/2025-2026 |
Impact Assessment
This is a routine partial redemption event for existing NCD holders of Greaves Finance Limited. The reduced face values reflect the partial return of principal to debenture holders. Trading members dealing in these scrips must update their systems to reflect the new reduced face values from March 13, 2026. The impact is limited to existing holders of these two privately placed NCD series and does not affect broader market operations.
Impact Justification
Routine part redemption and interest payment corporate action affecting two NCD series of Greaves Finance Limited; impacts existing debenture holders with reduced face values but is a planned scheduled event.