Description

INTERISE TRUST has fixed a Record Date of 16 March 2026 for part redemption of Non-Convertible Debentures and payment of interest, with trading in the debentures to occur at reduced face value of Rs. 98,750 per debenture effective 16 March 2026.

Summary

BSE has informed trading members that INTERISE TRUST has fixed 16 March 2026 as the Record Date for the purpose of part redemption of Non-Convertible Debentures (NCDs) and payment of interest. From the effective date, trading in the specified debentures will take place at a reduced face value of Rs. 98,750 per debenture.

Key Points

  • Two debenture series of INTERISE TRUST are subject to part redemption: IT-6.96-RESET RATE-31-03-45-PV (INE790Z07061, Code 977222) and IT-7.30-RESET RATE-31-03-45-PV (INE790Z07079, Code 977223)
  • Record Date for both series: 16 March 2026
  • Purpose: Part Redemption of Debentures and Payment of Interest
  • Reduced Face Value: Rs. 98,750 per debenture for both series
  • Effective Date: 16 March 2026 under Settlement No. DR-840/2025-2026
  • Circular issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations

Regulatory Changes

No new regulatory changes introduced. This is a corporate action notification in accordance with existing BSE listing compliance procedures for NCD part redemptions.

Compliance Requirements

  • Trading members must note the reduced face value effective 16 March 2026 for both debenture series
  • All trades in the mentioned debentures from the effective date must reflect the reduced face value of Rs. 98,750 per debenture
  • Settlement to be processed under Settlement No. DR-840/2025-2026

Important Dates

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

Impact Assessment

This part redemption reduces the face value of both INTERISE TRUST debenture series from their current value to Rs. 98,750 per debenture. The impact is limited to existing holders of these two NCD series traded on the BSE debt segment. Debenture holders will receive a partial principal repayment along with interest on the record date. Post-redemption, the instruments will trade at the new reduced face value, which may affect their market price and yield calculations for secondary market participants.

Impact Justification

Routine part redemption of NCDs with reduced face value impacting existing debenture holders of INTERISE TRUST; affects two debenture series but limited to existing NCD investors.