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). The record date has been fixed as 13 March 2026, after which trading in the debentures will occur at a reduced face value of Rs. 5555.56 per debenture.

Key Points

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

Regulatory Changes

No new regulatory changes introduced. This is a standard corporate action under BSE’s debt segment procedures for part redemption of listed NCDs.

Compliance Requirements

  • Trading members must note that from 13 March 2026, debentures of Navi Finserv Limited (ISIN INE342T07585) will trade at the reduced face value of Rs. 5555.56 per debenture.
  • Members should update their systems to reflect the revised face value effective the settlement DR-839/2025-2026.

Important Dates

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

Impact Assessment

This part redemption affects holders of Navi Finserv’s NCD series NFL-11.16%-27-6-27-PVT. Post-redemption, the face value per debenture is reduced to Rs. 5555.56, reflecting a partial return of principal to debenture holders. Trading members and investors holding this ISIN must account for the new face value in valuations and settlement from 13 March 2026 onwards. The impact is limited to holders of this specific debenture series.

Impact Justification

Routine part redemption of NCDs affecting holders of Navi Finserv's specific debenture series; reduces face value but does not indicate financial distress or broad market impact.