Description
BSE notifies trading members of part redemption and interest payment on two series of Lendingkart Finance Limited NCDs, with reduced face values effective 16 March 2026.
Summary
BSE has notified trading members that Lendingkart Finance Limited has fixed 16 March 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 occur at reduced face values effective from the same date under settlement DR-840/2025-2026.
Key Points
- Record Date for both NCD series: 16 March 2026
- Two NCD series affected: LFL-13.25%-15-9-26-PVT (ISIN: INE090W07709, Code: 976113) and LFL-13.25%-31-12-26-PVT (ISIN: INE090W07725, Code: 976450)
- Both series carry a coupon rate of 13.25%
- Part redemption reduces the face value of each debenture
- Settlement number for reduced face value trading: DR-840/2025-2026
- Notice issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations
Regulatory Changes
No new regulatory changes introduced. This is a standard corporate action notification pursuant to existing BSE listing and debt segment rules requiring disclosure of record dates and adjusted face values for part-redeemed debentures.
Compliance Requirements
- Trading members must note the revised face values for both NCD series effective 16 March 2026
- All trades in these debentures on and after the effective date must reflect the reduced face values
- Members should update their systems to reflect settlement DR-840/2025-2026 for the reduced face value trades
Important Dates
| Event | Date |
|---|---|
| Circular Date | 12 March 2026 |
| Record Date | 16 March 2026 |
| Effective Date for Reduced Face Value | 16 March 2026 |
| Settlement Reference | DR-840/2025-2026 |
Impact Assessment
- LFL-13.25%-15-9-26-PVT (INE090W07709): Reduced face value of Rs. 33,600 per debenture effective 16 March 2026. Debenture holders will receive part redemption proceeds along with interest on the record date.
- LFL-13.25%-31-12-26-PVT (INE090W07725): Reduced face value of Rs. 50,200 per debenture effective 16 March 2026. Debenture holders will receive part redemption proceeds along with interest on the record date.
- Impact is limited to existing holders of these two NCD series; secondary market trading will adjust to the new lower face values post-record date.
- No broader market disruption expected; this is a routine scheduled corporate action.
Impact Justification
Routine part redemption and interest payment event affecting two NCD series of Lendingkart Finance Limited; impacts existing debenture holders with reduced face values and trading adjustments.