Description

BSE notifies trading members of the record date and part redemption of Non-Convertible Debentures of Mahaveer Finance India Limited, with reduced face value effective from 13 March 2026.

Summary

BSE has notified trading members that Mahaveer Finance India Limited has fixed a record date of 15 March 2026 for the payment of interest and part redemption of its Non-Convertible Debentures (NCDs). Trading in the debentures will continue with a reduced face value effective from 13 March 2026.

Key Points

  • Company: Mahaveer Finance India Limited
  • Debenture Series: MFIL-11.5%-30-12-28-PVT (ISIN: INE911L07147, BSE Code: 977182)
  • Record Date: 15 March 2026
  • Purpose: Part Redemption of Debentures and Payment of Interest
  • Reduced Face Value: Rs. 84,615.38 per Debenture
  • Effective Date for Reduced Face Value: 13 March 2026
  • Settlement Number: DR-839/2025-2026

Regulatory Changes

No new regulatory changes introduced. This is a standard corporate action notification under BSE’s debt market segment procedures for part redemption of privately placed NCDs.

Compliance Requirements

  • Trading members must note that the debentures of Mahaveer Finance India Limited will trade with the reduced face value of Rs. 84,615.38 per debenture effective from 13 March 2026.
  • Members should update their systems and inform clients accordingly regarding the revised face value for settlement purposes.

Important Dates

  • 12 March 2026: Notice date (BSE Notice No. 20260312-1)
  • 13 March 2026: Effective date for trading with reduced face value (Settlement: DR-839/2025-2026)
  • 15 March 2026: Record date for part redemption and interest payment

Impact Assessment

This part redemption reduces the face value of the MFIL 11.5% NCD (maturing 30 December 2028) from its current value to Rs. 84,615.38 per debenture. The impact is limited to holders of this specific privately placed debenture series. Existing debenture holders will receive partial principal repayment along with accrued interest on the record date. Trading members dealing in BSE debt segment instruments for this issuer need to adjust pricing and settlement accordingly from 13 March 2026.

Impact Justification

Routine part redemption of privately placed NCDs affecting existing debenture holders; reduced face value impacts trading price but limited to specific debenture series.