Description

BSE notifies trading members of part redemption of non-convertible debentures and payment of interest by Lakadia Banaskantha Transco Limited, with reduced face value effective from March 13, 2026.

Summary

BSE has informed trading members that Lakadia Banaskantha Transco Limited has fixed a Record Date of March 13, 2026 for part redemption of its Non-Convertible Debentures and payment of interest. Trading in these debentures will commence with a reduced face value effective from March 13, 2026.

Key Points

  • Company: Lakadia Banaskantha Transco Limited
  • Debenture Series: LBTL-7.70%-31-3-43-PVT (ISIN: INE0C5208014, Code: 976884)
  • Record Date: March 13, 2026
  • Purpose: Part Redemption of Debentures and Payment of Interest
  • Reduced Face Value: Rs. 95,473/- per Debenture
  • Effective Date: March 13, 2026
  • Settlement: DR-839/2025-2026

Regulatory Changes

No new regulatory changes introduced. This is a standard corporate action notification under BSE’s debt market segment rules requiring disclosure of record dates and reduced face values for part-redeemed debentures.

Compliance Requirements

  • Trading members must note that debentures of Lakadia Banaskantha Transco Limited will trade at the reduced face value of Rs. 95,473/- per debenture from March 13, 2026 onwards.
  • Members should update their systems to reflect the new reduced face value effective from the settlement DR-839/2025-2026.

Important Dates

  • Record Date: March 13, 2026 — for part redemption and interest payment
  • Effective Date for Reduced Face Value: March 13, 2026
  • Circular Date: March 11, 2026

Impact Assessment

This action affects holders of the LBTL-7.70%-31-3-43-PVT NCD series. Debenture holders as of the record date (March 13, 2026) will receive partial redemption proceeds along with interest. Post-redemption, the face value of the instrument is reduced to Rs. 95,473/- per debenture, which lowers the outstanding principal and will be reflected in secondary market trading from the effective date. The impact is limited to holders of this specific private placement debenture series in the debt market segment.

Impact Justification

Routine corporate action affecting a specific private NCD with reduced face value; impacts holders of this debenture series but limited to a single issuer's debt instrument.