Description
BSE notifies trading members of part redemption and interest payment for two series of Lendingkart Finance Limited NCDs, effective March 16, 2026, with reduced face values.
Summary
BSE has notified trading members that Lendingkart Finance Limited has fixed March 16, 2026 as the Record Date for part redemption and interest payment on two series of its Non-Convertible Debentures (NCDs). Trading in these debentures will continue with reduced face values from the effective date.
Key Points
- Two NCD series of Lendingkart Finance Limited are subject to part redemption
- Record Date for both series: March 16, 2026
- Settlement number: DR-840/2025-2026
- Series 1 (LFL-13.25%-15-9-26-PVT, ISIN INE090W07709, Code 976113): Reduced face value of Rs. 33,600 per debenture
- Series 2 (LFL-13.25%-31-12-26-PVT, ISIN INE090W07725, Code 976450): Reduced face value of Rs. 50,200 per debenture
- Both series carry a coupon rate of 13.25% and are privately placed
Regulatory Changes
No new regulatory changes. This is a standard corporate action notification under BSE’s listing compliance framework for debt securities.
Compliance Requirements
- Trading members must note that trading in the specified debentures will occur with the reduced face values effective March 16, 2026
- Members should update their systems to reflect the revised face values for both NCD series from the effective date and settlement DR-840/2025-2026
Important Dates
| Event | Date |
|---|---|
| Circular Date | March 12, 2026 |
| Record Date | March 16, 2026 |
| Effective Date (Reduced Face Value) | March 16, 2026 |
| Settlement No. | DR-840/2025-2026 |
Impact Assessment
This circular impacts holders of Lendingkart Finance Limited’s privately placed NCDs. Debenture holders of both series will receive a partial principal repayment along with accrued interest on the record date. The reduced face values (Rs. 33,600 and Rs. 50,200 respectively) will apply for subsequent trading and valuation. Impact is limited to existing debenture holders in the debt segment and does not affect equity markets.
Impact Justification
Routine part redemption of privately placed NCDs affecting two debenture series of Lendingkart Finance Limited; impacts existing debenture holders with reduced face values effective March 16, 2026.