Description

BSE notifies part redemption of two series of Non-Convertible Debentures of EarlySalary Services Private Limited with record dates on 13th and 14th March 2026, effective from 13th March 2026 under Settlement DR-839/2025-2026.

Summary

BSE has informed trading members that EarlySalary Services Private Limited has fixed record dates for the payment of interest and part redemption of two series of its Non-Convertible Debentures (NCDs). Trading in the debentures will be with a reduced face value effective from 13th March 2026, under Settlement No. DR-839/2025-2026.

Key Points

  • Two NCD series of EarlySalary Services Private Limited are undergoing part redemption along with interest payment.
  • Series 1 (ESPL-11.82%-27-12-26-PVT, ISIN: INE01YL07300, Code: 976137): Record Date 13/03/2026, reduced face value of Rs. 33,333.33 per debenture, effective 13/03/2026.
  • Series 2 (ESPL-10.50%-28-01-28-PVT, ISIN: INE01YL07425, Code: 977496): Record Date 14/03/2026, reduced face value of Rs. 88,888.89 per debenture, effective 13/03/2026.
  • Both series fall under Settlement No. DR-839/2025-2026.
  • Notice issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations.

Regulatory Changes

No new regulatory changes introduced. This is a standard corporate action notification under BSE’s existing framework for part redemption of listed debt securities.

Compliance Requirements

  • Trading members must note the reduced face values effective from 13th March 2026.
  • Trades in both debenture series must reflect the reduced face value from the effective date onwards.
  • Members should update systems and client records to reflect revised face values for both ISIN codes.

Important Dates

  • Record Date (Series 1 – INE01YL07300): 13 March 2026
  • Record Date (Series 2 – INE01YL07425): 14 March 2026
  • Effective Date for Reduced Face Value (both series): 13 March 2026
  • Settlement No.: DR-839/2025-2026
  • Circular Date: 11 March 2026

Impact Assessment

This circular impacts holders of EarlySalary Services Private Limited NCDs across two series. The part redemption reduces outstanding principal per debenture (to Rs. 33,333.33 and Rs. 88,888.89 respectively), with trading reflecting the new reduced face values from 13th March 2026. Impact is limited to existing debenture holders and trading members dealing in these specific privately placed debt securities. Broader market impact is low given the private placement nature of these instruments.

Impact Justification

Routine part redemption of privately placed NCDs affecting existing debenture holders of EarlySalary Services; trading will continue at reduced face value from effective date.