Description
EarlySalary Services Private Limited has fixed record dates for part redemption and interest payment on two series of Non-Convertible Debentures, with reduced face values effective from March 13, 2026.
Summary
BSE Notice No. 20260311-62 informs trading members that EarlySalary Services Private Limited has fixed record dates for the part redemption of Non-Convertible Debentures (NCDs) and payment of interest on two series of privately placed debentures. Trading in these debentures will occur with a reduced face value from the respective effective dates.
Key Points
- Two NCD series of EarlySalary Services Private Limited are undergoing part redemption
- Series 1 (ESPL-11.82%-27-12-26-PVT, ISIN INE01YL07300, Code 976137): Record date 13/03/2026, reduced face value Rs. 33,333.33 per debenture, effective 13/03/2026 under DR-839/2025-2026
- Series 2 (ESPL-10.50%-28-01-28-PVT, ISIN INE01YL07425, Code 977496): Record date 14/03/2026, reduced face value Rs. 88,888.89 per debenture, effective 13/03/2026 under DR-839/2025-2026
- Both series will trade with reduced face values from the effective date
- Settlement number DR-839/2025-2026 applies to both series
Regulatory Changes
No new regulatory changes introduced. This is a routine corporate action under existing BSE debt market regulations governing part redemption of listed NCDs.
Compliance Requirements
- Trading members must note the updated reduced face values for both NCD series
- Trades in these debentures from the effective date must reflect the reduced face value
- Members should update their systems to reflect the new face values effective 13/03/2026
Important Dates
| Series | Record Date | Effective Date | Settlement No. |
|---|---|---|---|
| ESPL-11.82%-27-12-26-PVT (INE01YL07300) | 13/03/2026 | 13/03/2026 | DR-839/2025-2026 |
| ESPL-10.50%-28-01-28-PVT (INE01YL07425) | 14/03/2026 | 13/03/2026 | DR-839/2025-2026 |
Impact Assessment
This circular affects holders of EarlySalary Services Private Limited’s privately placed NCDs. The part redemption reduces the outstanding face value of both series, with debenture holders receiving partial principal repayment along with accrued interest. Trading members dealing in these debt instruments must update face values in their systems from 13/03/2026. Impact is limited to existing holders of these specific NCD series and does not affect equity markets or broader debt market operations.
Impact Justification
Routine part redemption of privately placed NCDs affecting existing debenture holders; two series impacted with specific reduced face values and record dates in mid-March 2026.