Description

BSE notifies trading members that debt securities of Chaitanya India Fin Credit Private Limited (CIFCPL) will be transferred to Svatantra Microfin Private Limited effective May 8, 2026, pursuant to a composite Scheme of Arrangement under the Companies Act, 2013.

Summary

BSE has notified trading members that debt securities listed under Chaitanya India Fin Credit Private Limited (CIFCPL) will be transferred to Svatantra Microfin Private Limited with effect from Friday, May 8, 2026. This transfer is pursuant to a composite Scheme of Arrangement among Svatantra Holdings Private Limited (First Transferor Company), Chaitanya India Fin Credit Private Limited (Second Transferor Company / CIFCPL), and Svatantra Microfin Private Limited (Transferee Company), approved under Sections 230 to 232 read with Section 66 of the Companies Act, 2013.

Key Points

  • Debt securities of Chaitanya India Fin Credit Private Limited (CIFCPL) are being transferred to Svatantra Microfin Private Limited
  • Transfer is effective Friday, May 8, 2026
  • The transfer follows a composite Scheme of Arrangement involving three entities: Svatantra Holdings Private Limited, CIFCPL, and Svatantra Microfin Private Limited
  • Specific scrips subject to the transfer are listed in Annexure I attached to the notice
  • The scheme is sanctioned under Sections 230–232 read with Section 66 and other applicable provisions of the Companies Act, 2013

Regulatory Changes

The transfer of securities is effected under a court/regulatory-approved composite Scheme of Arrangement. The scheme operates under Sections 230 to 232 read with Section 66 of the Companies Act, 2013, which govern mergers, demergers, and arrangements between companies.

Compliance Requirements

  • Trading members must note the transfer of scrips as per Annexure I from CIFCPL to Svatantra Microfin Private Limited effective May 8, 2026
  • Members should update their records to reflect the new issuer entity (Svatantra Microfin Private Limited) for the transferred debt securities
  • For queries or further details, trading members may contact BSE officials: Toshika Sharma (+91 22 2272 8706, bse.schemes@bseindia.com), Marian Dsouza (Assistant Vice President), or Tanmayi Lele (Deputy Manager)

Important Dates

  • Notice Date: May 6, 2026
  • Effective Date of Transfer: Friday, May 8, 2026

Impact Assessment

This is a significant corporate event for holders of CIFCPL debt securities in the BSE debt market segment. All listed debt instruments of Chaitanya India Fin Credit Private Limited will be transferred to and assumed by Svatantra Microfin Private Limited as part of the merger/amalgamation scheme. Debt holders should be aware that their counterparty issuer will change from CIFCPL to Svatantra Microfin Private Limited. The specific scrips impacted are detailed in Annexure I of the circular. Trading members operating in the debt segment should update systems and client communications accordingly before May 8, 2026.

Impact Justification

This circular involves a corporate restructuring event where listed debt securities are being transferred between entities effective May 8, 2026, directly affecting debt market participants and holders of CIFCPL securities.