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 13 March 2026.
Summary
BSE has notified trading members that Lakadia Banaskantha Transco Limited has fixed a record date for part redemption of its non-convertible debentures (NCDs) and payment of interest. Trading in these debentures will occur with a reduced face value effective 13 March 2026.
Key Points
- Company: Lakadia Banaskantha Transco Limited
- Instrument: LBTL-7.70%-31-3-43-PVT (ISIN: INE0C5208014, Scrip Code: 976884)
- Record Date: 13 March 2026
- Purpose: Part Redemption of Debentures and Payment of Interest
- Reduced Face Value: Rs. 95,473 per debenture
- Effective Date: 13 March 2026
- Settlement: DR-839/2025-2026
Regulatory Changes
No new regulatory changes. This is a standard corporate action notice under BSE’s debt segment procedures for part redemption of privately placed NCDs.
Compliance Requirements
- Trading members must note that debentures of Lakadia Banaskantha Transco Limited will trade with a reduced face value of Rs. 95,473 per debenture from 13 March 2026 onwards.
- Members should update their systems to reflect the revised face value for settlement purposes under DR-839/2025-2026.
Important Dates
- Record Date: 13 March 2026
- Effective Date for Reduced Face Value: 13 March 2026
- Notice Date: 11 March 2026
Impact Assessment
This part redemption affects holders of ISIN INE0C5208014 (Lakadia Banaskantha Transco Limited 7.70% NCD maturing 31 March 2043). The face value reduction reflects a partial principal repayment along with an interest payment. Impact is limited to holders of this specific privately placed debt instrument; broader market impact is minimal.
Impact Justification
Routine corporate action affecting a specific privately placed NCD; impacts holders of ISIN INE0C5208014 with a significant face value reduction to Rs. 95,473 per debenture effective 13 March 2026.