Description

Muthoot Microfin Limited has fixed a record date of 16 March 2026 for part redemption of non-convertible debentures (MML-10.75%-7-7-26-PVT) with a reduced face value of Rs. 12,500 per debenture effective from the same date.

Summary

BSE has notified trading members that Muthoot Microfin Limited has fixed 16 March 2026 as the record date for payment of interest and part redemption of its Non-Convertible Debentures (NCDs). Trading in these debentures will occur with a reduced face value effective from the same date.

Key Points

  • Company: Muthoot Microfin Limited
  • Debenture Series: MML-10.75%-7-7-26-PVT (ISIN: INE046W07255, BSE Code: 974966)
  • Record Date: 16 March 2026
  • Purpose: Part redemption of debentures and payment of interest
  • Reduced Face Value: Rs. 12,500 per debenture
  • Effective Date for reduced face value trading: 16 March 2026
  • Settlement Number: DR-840/2025-2026

Regulatory Changes

No new regulatory changes. 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 the reduced face value of Rs. 12,500 per debenture effective 16 March 2026.
  • All trades in INE046W07255 (BSE Code 974966) from the effective date must reflect the reduced face value.
  • Members should update their systems to reflect the new face value under settlement DR-840/2025-2026.

Important Dates

  • Record Date: 16 March 2026
  • Effective Date for Reduced Face Value Trading: 16 March 2026
  • Circular Date: 12 March 2026
  • Settlement Reference: DR-840/2025-2026

Impact Assessment

This part redemption affects holders of Muthoot Microfin Limited’s privately placed NCDs (MML-10.75%-7-7-26-PVT). From 16 March 2026, the debentures will trade at a reduced face value of Rs. 12,500 per debenture, reflecting the partial principal repayment. Debenture holders as of the record date will receive both interest and the partial principal repayment. The impact is limited to existing NCD holders and debt segment traders dealing in this specific instrument.

Impact Justification

Routine part redemption of privately placed NCDs affecting existing debenture holders; reduced face value impacts trading from 16 March 2026 under settlement DR-840/2025-2026.