Description

BSE notifies part redemption and interest payment for two series of Lendingkart Finance Limited NCDs with record date of March 16, 2026, resulting in reduced face values effective the same date.

Summary

BSE has notified trading members that Lendingkart Finance Limited has fixed March 16, 2026 as the record date for part redemption and interest payment on two series of its privately placed Non-Convertible Debentures (NCDs). Trading in these debentures will occur with reduced face values effective March 16, 2026.

Key Points

  • Two NCD series of Lendingkart Finance Limited are undergoing part redemption with simultaneous interest payment.
  • Record date for both series is March 16, 2026.
  • Series 1 (INE090W07709, scrip code 976113): LFL-13.25%-15-9-26-PVT — reduced face value of Rs. 33,600 per debenture.
  • Series 2 (INE090W07725, scrip code 976450): LFL-13.25%-31-12-26-PVT — reduced face value of Rs. 50,200 per debenture.
  • Both series fall under settlement DR-840/2025-2026.
  • Trading with reduced face value is effective from March 16, 2026.

Regulatory Changes

No new regulatory changes. This is a corporate action notification in accordance with existing BSE listing and compliance procedures for debt instruments.

Compliance Requirements

  • Trading members must note the reduced face values for both NCD series effective March 16, 2026.
  • All trades in these debentures on and after the effective date must reflect the revised (reduced) face values.
  • Members should update their systems to reflect scrip codes 976113 and 976450 with their respective new face values.

Important Dates

  • Record Date: March 16, 2026 (for both series)
  • Effective Date for Reduced Face Value: March 16, 2026 (for both series)
  • Settlement: DR-840/2025-2026
  • Notice Date: March 12, 2026

Impact Assessment

This is a routine debt corporate action affecting holders of two privately placed NCD series issued by Lendingkart Finance Limited. Existing debenture holders will receive partial principal repayment along with accrued interest on the record date. Post-redemption, the face value of each debenture will be reduced accordingly (Rs. 33,600 for the September 2026 maturity series and Rs. 50,200 for the December 2026 maturity series). Market impact is limited to the specific holders of these instruments; no broader equity market impact is expected.

Impact Justification

Routine part redemption event affecting two privately placed NCD series of Lendingkart Finance; impacts existing debenture holders with reduced face values and interest payouts, but limited to specific debt instruments.