Description

BSE notifies trading members of part redemption of Non-Convertible Debentures and payment of interest for Mumbai Urja Marg Limited, with reduced face values effective March 13, 2026.

Summary

BSE has notified trading members that Mumbai Urja Marg Limited has fixed a Record Date of March 15, 2026 for part redemption of Non-Convertible Debentures and payment of interest. Trading in these debentures will occur with reduced face values effective March 13, 2026 under Settlement DR-839/2025-2026.

Key Points

  • Two NCD instruments of Mumbai Urja Marg Limited are subject to part redemption and interest payment
  • Record Date fixed: March 15, 2026
  • Effective date for reduced face value trading: March 13, 2026
  • Settlement number: DR-839/2025-2026
  • MUML-RESET RATE-30-9-38-PVT (INE0F6K08063, Code: 976241): Reduced face value of Rs. 95,838.40 per debenture
  • MUML-7.85%-RESET RATE-30-09-38 (INE0F6K08071, Code: 977069): Reduced face value of Rs. 98,070/- per debenture

Regulatory Changes

No new regulatory changes. This is a routine corporate action notification under BSE’s listing compliance framework.

Compliance Requirements

  • Trading members must note the reduced face values for both NCD instruments effective March 13, 2026
  • All trades in these debentures from the effective date must reflect the revised face values
  • Members should update their systems to reflect the new face values for settlement purposes

Important Dates

  • March 11, 2026: Notice date
  • March 13, 2026: Effective date for reduced face value trading (Settlement DR-839/2025-2026)
  • March 15, 2026: Record Date for part redemption and payment of interest

Impact Assessment

This circular impacts holders and traders of Mumbai Urja Marg Limited’s NCDs. The part redemption reduces the face value of both instruments, meaning debenture holders will receive partial principal repayment along with interest on the record date. Traders must account for the lower face value when transacting from March 13, 2026. The impact is limited to participants in the debt market segment holding these specific instruments.

Impact Justification

Routine part redemption and interest payment affecting two NCD instruments of Mumbai Urja Marg Limited; impacts holders of these specific debentures with reduced face values from March 13, 2026.