Description
BSE notifies trading members of the part redemption of Non-Convertible Debentures of Laxmi India Finance Limited with a reduced face value effective March 13, 2026.
Summary
BSE has informed trading members that Laxmi India Finance Limited has fixed a Record Date of March 13, 2026, for the purpose of payment of interest and part redemption of its Non-Convertible Debentures (NCDs). Trading in the debentures will continue with a reduced face value effective from the same date.
Key Points
- Company: Laxmi India Finance Limited
- ISIN: INE06WU07064 (Scrip Code: 975797)
- Record Date: March 13, 2026
- Purpose: Part Redemption of Debentures and Payment of Interest
- Reduced Face Value: Rs. 41,666.67 per Debenture
- Effective Date: March 13, 2026
- Settlement Number: DR-839/2025-2026
Regulatory Changes
No new regulatory changes. This is a standard corporate action notification under BSE’s debt market segment rules.
Compliance Requirements
- Trading members must note that debentures of Laxmi India Finance Limited (ISIN: INE06WU07064) will trade with a reduced face value of Rs. 41,666.67 per debenture with effect from March 13, 2026.
- Members must ensure settlement and trade reporting reflect the updated reduced face value from the effective date.
Important Dates
- Record Date: March 13, 2026
- Effective Date for Reduced Face Value: March 13, 2026
- Settlement Reference: DR-839/2025-2026
Impact Assessment
This action impacts holders of Laxmi India Finance Limited NCDs (ISIN INE06WU07064, Scrip Code 975797). The reduced face value of Rs. 41,666.67 per debenture takes effect on the record date. Market impact is limited to the specific debenture holders and does not affect equity market participants. Trading members must update their systems to reflect the new face value for all transactions from March 13, 2026 onwards.
Impact Justification
Routine part redemption of NCDs affecting existing debenture holders with a reduced face value; limited to a specific ISIN and a small number of debenture holders.