Description
Mahaveer Finance India Limited has fixed a record date of 15 March 2026 for part redemption of non-convertible debentures and payment of interest, with reduced face value effective 13 March 2026.
Summary
Mahaveer Finance India Limited has announced a record date of 15 March 2026 for the part redemption of its Non-Convertible Debentures (NCDs) and payment of interest. Trading in the debentures will continue with a reduced face value effective from 13 March 2026.
Key Points
- Company: Mahaveer Finance India Limited
- Debenture Code: 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 in accordance with BSE listing and debt market regulations.
Compliance Requirements
Trading members of the exchange are required to note that trading in the debentures of Mahaveer Finance India Limited will be conducted with the reduced face value of Rs. 84,615.38 per debenture with effect from 13 March 2026.
Important Dates
- 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 corporate action affects holders of Mahaveer Finance India Limited’s 11.5% NCDs maturing on 30 December 2028. The reduced face value of Rs. 84,615.38 per debenture reflects the partial principal repayment. Impact is limited to existing debenture holders and trading members dealing in this specific debt instrument on the BSE debt market segment.
Impact Justification
Routine part redemption and interest payment on NCDs affecting existing debenture holders with a reduced face value; limited to specific debt instrument holders.