Description
BSE informs trading members that Greaves Finance Limited has fixed record dates for part redemption and interest payment on two series of Non-Convertible Debentures, with reduced face values effective March 13, 2026.
Summary
Greaves Finance Limited has announced part redemption and interest payment for two series of Non-Convertible Debentures (NCDs). Trading members are informed that trading in these debentures will be conducted with a reduced face value effective March 13, 2026, under settlement DR-839/2025-2026.
Key Points
- Two NCD series of Greaves Finance Limited are subject to part redemption and interest payment
- Both series will trade with reduced face values effective March 13, 2026
- Series 1 (INE1QWF07014, Code 977162): Reduced face value of Rs. 74,998 per debenture; Record Date March 14, 2026
- Series 2 (INE1QWF07022, Code 977441): Reduced face value of Rs. 54,166.63 per debenture; Record Date March 15, 2026
- Both settlements fall under DR-839/2025-2026
Regulatory Changes
No new regulatory changes. This is a standard corporate action notification under existing BSE listing compliance requirements for debt segment instruments.
Compliance Requirements
- Trading members must update their systems to reflect the reduced face values for both NCD series effective March 13, 2026
- Settlement DR-839/2025-2026 applies to both series
- Members must ensure trades from the effective date onward reflect the revised face values
Important Dates
| Series | Record Date | Effective Date for Reduced FV | Settlement |
|---|---|---|---|
| GFL-10.50%-29-9-27-PVT (INE1QWF07014 / 977162) | March 14, 2026 | March 13, 2026 | DR-839/2025-2026 |
| GFL-11.50%-30-04-27-UL-PVT (INE1QWF07022 / 977441) | March 15, 2026 | March 13, 2026 | DR-839/2025-2026 |
Impact Assessment
This circular affects holders of Greaves Finance Limited NCDs in the debt segment. The part redemption reduces the outstanding principal per debenture, and trading from March 13, 2026 onward must reflect the new reduced face values. Impact is limited to existing NCD holders and trading members dealing in these specific privately placed instruments. No broader market or equity segment impact is expected.
Impact Justification
Routine part redemption of privately placed NCDs affecting existing debenture holders; reduced face values are specific and operationally significant for settlement purposes.