Description

BSE notifies part redemption and interest payment for Total Environment Constructions Private Limited NCDs with record date of March 16, 2026, resulting in reduced face value effective the same date.

Summary

BSE has notified trading members that Total Environment Constructions Private Limited has fixed a record date of March 16, 2026 for the purpose of part redemption of Non-Convertible Debentures (NCDs) and payment of interest. Trading in the debentures will continue with a reduced face value effective from March 16, 2026.

Key Points

  • Company: Total Environment Constructions Private Limited
  • Debenture Series: TECPL-13.53%-31-3-29-PVT (ISIN: INE257Y07049, Code: 975621)
  • Record Date: March 16, 2026
  • Purpose: Part Redemption of Debentures and Payment of Interest
  • Reduced Face Value: Rs. 85,714 per Debenture
  • Effective Date: March 16, 2026
  • Settlement Number: DR-840/2025-2026

Regulatory Changes

No new regulatory changes introduced. This is a corporate action notice under existing BSE debt market regulations governing part redemption of privately placed NCDs.

Compliance Requirements

  • Trading members must note the reduced face value of Rs. 85,714 per debenture effective from March 16, 2026.
  • All trades in the debentures on and after the effective date must reflect the reduced face value.
  • Members should update their systems and inform relevant clients holding these debentures.

Important Dates

  • Record Date: March 16, 2026
  • Effective Date for Reduced Face Value: March 16, 2026 (Settlement No. DR-840/2025-2026)
  • Notice Date: March 12, 2026

Impact Assessment

This part redemption affects holders of the TECPL 13.53% NCD series maturing March 31, 2029. The face value per debenture will be reduced to Rs. 85,714 following the partial repayment, which impacts the trading price and yield calculations for remaining holdings. The impact is confined to investors in this specific privately placed debenture series and does not affect broader equity markets.

Impact Justification

Routine part redemption of privately placed NCDs affecting existing debenture holders with a reduced face value; limited to a single issuer and specific debenture series.