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 of 14 March 2026 for the purpose of part redemption of its Non-Convertible Debentures (NCDs) and payment of interest. Trading members are informed that debentures will trade with a reduced face value effective from 13 March 2026 under settlement DR-839/2025-2026.

Key Points

  • Company: Satin Finserv Limited
  • Debenture: SFL-10.95%-29-9-27-PVT (ISIN: INE03K307074, 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. This is a standard corporate action notification in accordance with BSE listing requirements for debt securities.

Compliance Requirements

  • Trading members must note the change in face value effective 13 March 2026
  • All trades in the debenture (ISIN: INE03K307074) on or after 13 March 2026 must reflect the reduced face value of Rs. 75,000 per debenture
  • Members should update their systems to reflect the new face value under settlement DR-839/2025-2026

Important Dates

  • Record Date: 14 March 2026 (for part redemption and interest payment eligibility)
  • Effective Date for Reduced Face Value: 13 March 2026
  • Circular Date: 11 March 2026

Impact Assessment

This is a routine corporate action affecting holders of Satin Finserv Limited’s 10.95% NCDs maturing 29 September 2027. The part redemption reduces the face value of each debenture to Rs. 75,000, impacting the notional value and subsequent coupon calculations for remaining holders. Market impact is limited to existing NCD holders; equity investors are not directly affected.

Impact Justification

Routine corporate action involving part redemption and interest payment on NCDs; affects existing debenture holders with reduced face value trading from 13 March 2026.