Description
BSE notifies trading members of record dates and reduced face values for part redemption of Non-Convertible Debentures/Bonds of eight debt instruments across six companies, effective late April and May 2026.
Summary
BSE Notice No. 20260427-35 dated April 27, 2026 informs trading members that eight Non-Convertible Debenture/Bond instruments across six companies have fixed record dates for part redemption. From the respective ex-dates, trading in these debentures will occur at reduced face values as specified below.
Key Points
- Eight NCD instruments across six issuers are undergoing part redemption with revised (reduced) face values.
- Three instruments belong to Power Grid Corporation of India Limited with a common record date of May 2, 2026 and ex-date of April 30, 2026.
- Five instruments from Moneyboxx Finance, ECL Finance, Aptus Value Housing Finance, Varthana Finance, and Arman Financial Services have record/ex-dates in May 2026.
- All instruments are privately placed (PVT) NCDs traded in the Debt segment.
- Trading members must note that from the ex-date onwards, trades will settle at the reduced face value.
Regulatory Changes
No new regulatory framework introduced. This is a standard operational notice under BSE’s listing compliance and operations procedures for debt instruments undergoing scheduled part redemption events.
Compliance Requirements
- Trading members must update their systems to reflect reduced face values from the respective ex-dates.
- Trades executed on or after the ex-date will be settled at the reduced face value per debenture.
- Members should communicate the face value changes to clients holding or trading these instruments.
Important Dates
| Scrip Code | Company | ISIN | Ex Date | Record Date | Reduced Face Value |
|---|---|---|---|---|---|
| 974593 | Power Grid Corporation of India Ltd | INE752E08676 | 30/04/2026 | 02/05/2026 | Rs. 67,500/- per debenture |
| 974698 | Power Grid Corporation of India Ltd | INE752E08684 | 30/04/2026 | 02/05/2026 | Rs. 70,000/- per debenture |
| 974737 | Power Grid Corporation of India Ltd | INE752E08692 | 30/04/2026 | 02/05/2026 | Rs. 70,000/- per debenture |
| 976465 | Moneyboxx Finance Limited | INE296Q07092 | 19/05/2026 | 19/05/2026 | Rs. 37,500/- per debenture |
| 955815 | ECL Finance Limited | INE804IA7378 | 21/05/2026 | 21/05/2026 | Rs. 8,00,000/- per debenture |
| 976001 | Aptus Value Housing Finance India Ltd | INE852O07121 | 21/05/2026 | 21/05/2026 | Rs. 65,000/- per debenture |
| 976219 | Varthana Finance Private Limited | INE125T07311 | 21/05/2026 | 21/05/2026 | Rs. 55,556/- per debenture |
| 976769 | Arman Financial Services Limited | INE109C07105 | 21/05/2026 | 21/05/2026 | Rs. 66,668/- per debenture |
Impact Assessment
This notice has a medium operational impact confined to the debt segment. The three Power Grid NCD instruments have an imminent ex-date of April 30, 2026, requiring immediate attention from trading members. The five remaining instruments have ex-dates in mid-to-late May 2026, providing more lead time. ECL Finance’s instrument carries a notably high face value (Rs. 8,00,000/-), making accurate settlement critical. Overall market impact is limited as these are privately placed instruments with restricted trading, but affected counterparties must ensure accurate valuation and settlement at reduced face values.
Impact Justification
Routine corporate action notice for part redemption of privately placed NCDs across multiple issuers; affects debt segment trading with reduced face values but limited broader market impact.