Description

Satin Finserv Limited has fixed a record date of 14 March 2026 for part redemption of non-convertible debentures and payment of interest, with trading in reduced face value effective from 13 March 2026.

Summary

Satin Finserv Limited has announced a record date for part redemption of its Non-Convertible Debentures (NCDs) and simultaneous payment of interest. Trading members are informed that the debentures will trade with a reduced face value from the effective date. The notice was issued by BSE under Notice No. 20260311-5.

Key Points

  • Company: Satin Finserv Limited
  • Instrument: NCD – SFL-10.95%-29-9-27-PVT, ISIN: INE03K307074 (Scrip Code: 977169)
  • Record Date: 14 March 2026
  • Purpose: Part Redemption of Debentures and Payment of Interest
  • Reduced Face Value: Rs. 75,000 per Debenture
  • Effective Date for Reduced Face Value Trading: 13 March 2026
  • Settlement Number: DR-839/2025-2026

Regulatory Changes

No new regulatory changes introduced. This is a standard corporate action notification under BSE’s debt segment operational framework requiring trading members to update the face value of the instrument in their systems.

Compliance Requirements

  • Trading members must ensure that from 13 March 2026, the debentures of Satin Finserv Limited (ISIN: INE03K307074) are traded at the reduced face value of Rs. 75,000 per debenture.
  • Members should update their systems to reflect the new face value effective from the settlement date DR-839/2025-2026.

Important Dates

  • Record Date: 14 March 2026 – for determining eligible debenture holders for part redemption and interest payment
  • Effective Date for Reduced Face Value Trading: 13 March 2026
  • Settlement Number: DR-839/2025-2026

Impact Assessment

This is a routine corporate action affecting holders of Satin Finserv Limited’s 10.95% NCDs maturing on 29 September 2027. The part redemption reduces the face value to Rs. 75,000 per debenture, which will be reflected in the trading price from 13 March 2026. Impact is limited to existing NCD holders and debt market participants trading this specific instrument. No broader market disruption is anticipated.

Impact Justification

Routine part redemption of NCDs affecting existing debenture holders; reduced face value impacts trading but is limited to a specific debt instrument of Satin Finserv Limited.