Description
BSE notifies trading members of part redemption / interest payment record dates for Non-Convertible Debentures of 11 companies, with trading in respective debentures to continue at reduced face values from specified ex-dates.
Summary
BSE Notice No. 20260422-40 informs trading members that 11 companies have fixed record dates for part redemption of their Non-Convertible Debentures (NCDs). Trading in each debenture will continue post-redemption at a reduced face value effective from the respective ex-dates between 30 April and 13 May 2026.
Key Points
- Eleven companies across the debt segment have scheduled part redemptions on their NCDs
- Trading in each debenture will continue at reduced face values from the respective ex-dates
- Record dates span from 30 April 2026 to 13 May 2026
- Settlement DRs referenced are 621, 626, 628, and 629 of 2026-2027
- All instruments are privately placed NCDs listed on BSE’s debt segment
- Trading members must update their systems to reflect reduced face values from ex-dates
Regulatory Changes
No new regulatory framework introduced. This is a standard corporate action notification under BSE’s Listing Operations for debt securities. Post-redemption, each debenture will carry a lower face value as specified per instrument.
Compliance Requirements
- Trading members must note the reduced face values effective from each instrument’s ex-date
- Systems and settlement processes must be updated to reflect revised face values before ex-dates
- Debenture holders should verify their holdings and entitlements through the respective depositories (NSDL/CDSL) against the ISINs listed
Important Dates
| Scrip Code | Company | ISIN | Record Date | Ex Date | Reduced Face Value |
|---|---|---|---|---|---|
| 955772 | U.P. Power Corporation Limited | INE540P07103 | 30/04/2026 | 30/04/2026 | Rs. 750,000/- per debenture |
| 958178 | Andhra Pradesh Capital Region Development Authority | INE01E708032 | 01/05/2026 | 30/04/2026 | Rs. 50,000/- per debenture |
| 976736 | Kanakadurga Finance Limited | INE104W07203 | 30/04/2026 | 30/04/2026 | Rs. 80,000/- per debenture |
| 976876 | FRIEZA 06 2025 | INE26SJ15017 | 01/05/2026 | 30/04/2026 | Rs. 0.30/- per debenture |
| 977383 | Akara Capital Advisors Private Limited | INE08XP07449 | 02/05/2026 | 30/04/2026 | Rs. 6,153.85/- per debenture |
| 975775 | Manba Finance Limited | INE939X07135 | 10/05/2026 | 08/05/2026 | Rs. 5,548/- per debenture |
| 975430 | Aadharshila Infratech Private Limited | INE0REQ08017 | 12/05/2026 | 12/05/2026 | Rs. 39,835/- per debenture |
| 976049 | Samunnati Finance Private Limited | INE551U07332 | 12/05/2026 | 12/05/2026 | Rs. 16,666.60/- per debenture |
| 975961 | Aye Finance Limited | INE501X07620 | 13/05/2026 | 13/05/2026 | Rs. 12,500/- per debenture |
| 976209 | InCred Financial Services Limited | INE321N07475 | 13/05/2026 | 13/05/2026 | Rs. 50,000.02/- per debenture |
| 976464 | Aptus Finance India Private Limited | INE04MH07042 | 13/05/2026 | 13/05/2026 | Rs. 68,750/- per debenture |
Impact Assessment
This notice has medium operational impact on trading members and debenture holders in BSE’s debt segment. The part redemptions reduce the outstanding principal on each NCD, lowering face values and altering future coupon calculations. Holders of these instruments will receive partial principal repayments on or around the record dates. The earliest ex-date is 30 April 2026, giving trading members limited lead time to update systems. The FRIEZA 06 2025 debenture (scrip 976876) stands out with an unusually low reduced face value of Rs. 0.30/- per debenture, suggesting near-full redemption. Aadharshila Infratech and Samunnati Finance carry reset-rate instruments, adding complexity to post-redemption pricing.
Impact Justification
Routine debt market corporate action notice affecting holders of specific NCD instruments across 11 companies. Trading members must account for reduced face values from respective ex-dates; no broad market impact but operationally significant for debenture holders and settlement teams.