Description

BSE notifies trading members of part redemption of non-convertible debentures of Mahaveer Finance India Limited, with reduced face value effective March 13, 2026.

Summary

BSE has informed trading members that Mahaveer Finance India Limited has fixed a record date for part redemption of its non-convertible debentures (NCDs) along with payment of interest. Trading in the debentures will occur with a reduced face value effective March 13, 2026.

Key Points

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

Regulatory Changes

No new regulatory changes. This is a standard corporate action notification under BSE’s debt market segment framework requiring trading with reduced face value post-record date.

Compliance Requirements

  • Trading members must note that debentures of Mahaveer Finance India Limited (ISIN: INE911L07147) will trade with a reduced face value of Rs. 84,615.38 per debenture effective March 13, 2026.
  • Members must update their systems to reflect the revised face value for all trades from the effective date onward.

Important Dates

  • March 12, 2026: Circular issued
  • March 13, 2026: Effective date for trading with reduced face value (Settlement DR-839/2025-2026)
  • March 15, 2026: Record date for part redemption and interest payment

Impact Assessment

This circular affects holders and traders of Mahaveer Finance India Limited’s privately placed 11.5% NCDs maturing December 30, 2028. The reduced face value of Rs. 84,615.38 per debenture (from the original face value) reflects the partial principal repayment. Impact is limited to participants in the BSE debt segment trading this specific instrument.

Impact Justification

Routine part redemption of privately placed NCDs affecting debenture holders and traders in MFIL debt securities; reduced face value impacts trading from March 13, 2026.