Description

Mahaveer Finance India Limited has fixed a record date of 15 March 2026 for part redemption of non-convertible debentures and payment of interest, with trading in reduced face value effective 13 March 2026.

Summary

Mahaveer Finance India Limited (MFIL) has announced a record date of 15 March 2026 for the part redemption of its 11.5% Non-Convertible Debentures (series INE911L07147, BSE code 977182) maturing on 30 December 2028, along with payment of interest. Trading in these debentures will commence with a reduced face value effective 13 March 2026.

Key Points

  • Company: Mahaveer Finance India Limited
  • Debenture series: MFIL-11.5%-30-12-28-PVT (ISIN: INE911L07147, BSE Code: 977182)
  • Record date: 15 March 2026
  • Purpose: Part redemption of debentures and payment of interest
  • Reduced face value: Rs. 84,615.38 per debenture
  • Effective date for reduced face value trading: 13 March 2026
  • Settlement number: DR-839/2025-2026

Regulatory Changes

No new regulatory changes. This is a corporate action notice informing trading members of the reduced face value applicable to the debenture post part redemption.

Compliance Requirements

  • Trading members must note that from 13 March 2026 (Settlement DR-839/2025-2026), trading in MFIL debentures (INE911L07147) will be at the reduced face value of Rs. 84,615.38 per debenture.
  • Members should update their systems and inform relevant clients accordingly.

Important Dates

  • Record Date: 15 March 2026 (for part redemption and interest payment)
  • Effective Date for Reduced Face Value Trading: 13 March 2026
  • Settlement Number: DR-839/2025-2026
  • Circular Date: 12 March 2026

Impact Assessment

This is a standard part redemption event for a privately placed NCD. Existing debenture holders of MFIL 11.5% NCD will receive a partial return of principal (reduced face value of Rs. 84,615.38 per debenture) along with accrued interest on the record date. The market impact is limited to holders of this specific debenture series; secondary market trading will reflect the new reduced face value from 13 March 2026.

Impact Justification

Routine debenture part redemption event affecting holders of MAHAVEER FINANCE INDIA LIMITED NCD series; impacts specific debenture holders with reduced face value effective from 13 March 2026.