Description

Navi Finserv Limited has fixed a record date of 13 March 2026 for part redemption of its Non-Convertible Debentures, with trading to continue at a reduced face value of Rs. 5555.56 per debenture effective the same date.

Summary

Navi Finserv Limited has announced a part redemption of its Non-Convertible Debentures (NCDs) with ISIN INE342T07585 (scrip code 976584). Trading members are informed that trading in these debentures will continue with a reduced face value effective 13 March 2026, following the record date for the part redemption.

Key Points

  • Company: Navi Finserv Limited
  • Debenture Series: NFL-11.16%-27-6-27-PVT (ISIN: INE342T07585, Code: 976584)
  • Record Date: 13 March 2026
  • Purpose: Part Redemption of Non-Convertible Debentures
  • Reduced Face Value: Rs. 5555.56 per debenture
  • Effective Date of Reduced Face Value: 13 March 2026
  • Settlement Reference: DR-839/2025-2026

Regulatory Changes

No new regulatory changes introduced. This circular is a routine corporate action notification under BSE’s debt segment operations.

Compliance Requirements

  • Trading members must note the reduced face value of Rs. 5555.56 per debenture effective 13 March 2026.
  • All trades in ISIN INE342T07585 from the effective date must reflect the revised face value.
  • Members should update their systems to reflect the settlement under DR-839/2025-2026.

Important Dates

  • Record Date: 13 March 2026
  • Effective Date for Reduced Face Value Trading: 13 March 2026
  • Circular Date: 11 March 2026

Impact Assessment

This part redemption results in a reduced face value for holders of Navi Finserv’s 11.16% NCD series maturing 27 June 2027. The reduction to Rs. 5555.56 per debenture reflects a partial principal repayment. Impact is limited to existing holders of this specific debenture series. Trading members and custodians holding these securities must update their records to reflect the new face value from 13 March 2026 onwards.

Impact Justification

Routine partial redemption of NCDs affecting holders of a specific debenture series; reduces face value but does not indicate distress or broad market impact.