Description

INTERISE TRUST has fixed a Record Date of 16 March 2026 for part redemption of Non-Convertible Debentures and payment of interest, with trading in two debenture series to continue at reduced face value of Rs. 98,750 per debenture effective 16 March 2026.

Summary

INTERISE TRUST has announced a Record Date of 16 March 2026 for the purpose of Payment of Interest and Part Redemption of its Non-Convertible Debentures. Two debenture series are affected: IT-6.96-RESET RATE-31-03-45-PV (scrip code 977222) and IT-7.30-RESET RATE-31-03-45-PV (scrip code 977223). Trading in both series will continue at a reduced face value of Rs. 98,750 per debenture effective from 16 March 2026 under settlement DR-840/2025-2026.

Key Points

  • Two NCD series of INTERISE TRUST are subject to part redemption and interest payment
  • Record Date fixed: 16 March 2026
  • Both series (INE790Z07061 and INE790Z07079) will trade at a reduced face value of Rs. 98,750 per debenture post record date
  • Effective date for reduced face value trading: 16 March 2026 under settlement DR-840/2025-2026
  • Notice issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations

Regulatory Changes

No new regulatory changes. This is a standard corporate action notification under existing BSE debt market rules requiring trading members to be informed of reduced face value effective dates following part redemption.

Compliance Requirements

  • Trading Members must note the reduced face value of Rs. 98,750 per debenture for both series effective 16 March 2026
  • All trades in the affected debenture series from the effective date must reflect the reduced face value
  • Members should update their systems to reflect the new face value under settlement DR-840/2025-2026

Important Dates

  • Record Date: 16 March 2026
  • Effective Date for Reduced Face Value Trading: 16 March 2026
  • Settlement Reference: DR-840/2025-2026
  • Notice Date: 12 March 2026

Impact Assessment

The part redemption impacts holders of INTERISE TRUST’s two NCD series (scrip codes 977222 and 977223). The face value reduction from the original amount to Rs. 98,750 per debenture reflects the partial principal repayment along with interest. Trading members must ensure correct pricing and settlement from 16 March 2026. The impact is limited to investors holding these specific debt instruments; no broader equity market impact is anticipated.

Impact Justification

Routine part redemption of NCDs affecting two specific debenture series of INTERISE TRUST with defined reduced face values; relevant to holders of these instruments but limited broader market impact.