Description

BSE notifies trading members that Northern Arc Capital Ltd has fixed a record date of March 16, 2026 for part redemption of non-convertible debentures (INE850M07467) with a reduced face value of Rs. 33,333.33 per debenture.

Summary

BSE has informed trading members that Northern Arc Capital Ltd has fixed March 16, 2026 as the record date for payment of interest and part redemption of its non-convertible debentures (ISIN: INE850M07467, scrip code: 975570). Trading in these debentures will continue with a reduced face value effective from the same date.

Key Points

  • Company: Northern Arc Capital Ltd
  • Debenture series: NAC-9.65%-27-3-27-PVT (ISIN: INE850M07467, Scrip Code: 975570)
  • Record date: March 16, 2026
  • Purpose: Part redemption of debentures and payment of interest
  • Reduced face value: Rs. 33,333.33 per debenture
  • Effective date for reduced face value: March 16, 2026
  • Settlement number: DR-840/2025-2026

Regulatory Changes

No new regulatory changes. This is a standard corporate action notification under BSE’s debt segment procedures for part redemption of privately placed non-convertible debentures.

Compliance Requirements

Trading members are required to note that trading in the debentures of Northern Arc Capital Ltd (INE850M07467) will be conducted with the reduced face value of Rs. 33,333.33 per debenture with effect from March 16, 2026 under settlement DR-840/2025-2026.

Important Dates

  • Record Date: March 16, 2026 — for part redemption and interest payment
  • Effective Date for Reduced Face Value: March 16, 2026
  • Settlement: DR-840/2025-2026
  • Notice Date: March 13, 2026

Impact Assessment

This part redemption reduces the face value of the NAC-9.65%-27-3-27-PVT debenture to Rs. 33,333.33 per unit. Holders of ISIN INE850M07467 will receive a partial principal repayment along with accrued interest on the record date. Secondary market trading post March 16, 2026 will reflect the new reduced face value, which may affect pricing and yield calculations for these instruments. Impact is limited to holders of this specific privately placed NCD series.

Impact Justification

Routine part redemption of privately placed NCDs affecting a specific debenture series; impacts holders of INE850M07467 with reduced face value effective March 16, 2026.