Description
BSE notifies trading members that eight companies have fixed record dates for part redemption of non-convertible debentures, with trading to continue at reduced face values from the respective ex-dates.
Summary
BSE has notified trading members that eight companies have fixed record dates for part redemption of their Non-Convertible Debentures (NCDs). Trading in the debentures of these companies will continue with reduced face values effective from the respective ex-dates listed below.
Key Points
- Eight companies have fixed record dates for payment of interest and/or part redemption of NCDs under the Debt segment.
- All debentures involved are privately placed (PVT) instruments.
- Trading members must note that debenture trading will occur at reduced face values from the ex-date onwards.
- Settlement references are under the 624/2026-2027 and 628–631/2026-2027 series.
- Signed by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations.
Regulatory Changes
No new regulatory changes are introduced. This notice is a standard operational communication under BSE’s listing compliance framework for debt instruments undergoing part redemption.
Compliance Requirements
- Trading members must update their systems to reflect the reduced face values for the affected debenture scrips from the respective ex-dates.
- Members must ensure debenture trading for the listed ISINs transitions to the reduced face values as specified.
Important Dates
| Scrip Code | Company | ISIN | Record Date | Ex Date | Reduced Face Value |
|---|---|---|---|---|---|
| 975666 | Niwas Housing Finance Limited | INE01AI07033 | 06/05/2026 | 06/05/2026 | Rs. 40,000/- per debenture |
| 977052 | Akara Capital Advisors Private Limited | INE08XP07332 | 06/05/2026 | 06/05/2026 | Rs. 25,000.30/- per debenture |
| 976577 | OXYZO Financial Services Limited | INE04VS07388 | 12/05/2026 | 12/05/2026 | Rs. 47,619/- per debenture |
| 976426 | Mizuho Capsave Finance Private Limited | INE0DBJ07200 | 14/05/2026 | 14/05/2026 | Rs. 58,330/- per debenture |
| 976213 | Muthoot Capital Services Ltd. | INE296G07226 | 17/05/2026 | 15/05/2026 | Rs. 25,000/- per debenture |
| 976661 | Varthana Finance Private Limited | INE125T07261 | 16/05/2026 | 15/05/2026 | Rs. 25,021/- per debenture |
| 977280 | Muthoot Microfin Limited | INE046W07305 | 16/05/2026 | 15/05/2026 | Rs. 75,000/- per debenture |
| 977441 | Greaves Finance Limited | INE1QWF07022 | 15/05/2026 | 15/05/2026 | Rs. 45,833.29/- per debenture |
Impact Assessment
This notice has a moderate operational impact on trading members active in BSE’s debt segment. Holders of these privately placed NCDs will see the face value of their instruments reduced as part of the scheduled part redemption, returning a portion of principal. Trading members must ensure their systems reflect the updated face values from the respective ex-dates to avoid pricing or settlement errors. No equity market impact is expected.
Impact Justification
Routine corporate action notice for part redemption of NCDs across eight companies; affects debt segment trading members and debenture holders but is limited in scope to specific private placement instruments.