Description

BSE notifies trading members that SRG Housing Finance Limited has fixed a record date for payment of interest and part redemption of its Non-Convertible Debentures, with trading to continue at reduced face value from the ex-date.

Summary

BSE has informed trading members that SRG Housing Finance Limited (Scrip Code: 977242) has fixed a record date for payment of interest and part redemption of its Non-Convertible Debentures (ISIN: INE559N07066). Post the record date, trading in the debentures will occur at a reduced face value of Rs. 89,393.94 per debenture.

Key Points

  • Scrip Code: 977242; Scrip ID: SRGHFL-11.52%-24-4-31-PVT
  • ISIN: INE559N07066
  • Record Date: 09 May 2026
  • Ex-Date (DR): 08 May 2026
  • Settlement Number: 626/2026-2027
  • Reduced Face Value after part redemption: Rs. 89,393.94 per debenture
  • Action covers both interest payment and part redemption

Regulatory Changes

No new regulatory changes introduced. This is a standard corporate action notification under BSE’s Listing Operations and Compliance framework.

Compliance Requirements

  • Trading members must note the ex-date (08 May 2026) and ensure trades on or after this date reflect the reduced face value.
  • Members should update their systems to reflect the new face value of Rs. 89,393.94 per debenture effective from the ex-date.

Important Dates

  • Ex-Date: 08 May 2026 — Trading begins at reduced face value
  • Record Date: 09 May 2026 — Eligibility determined for interest payment and part redemption
  • Settlement Number: 626/2026-2027

Impact Assessment

This part redemption reduces the outstanding principal of the SRG Housing Finance NCD series (11.52%, maturing 31 April 2024–2031, private placement). Existing holders will receive a partial principal repayment along with accrued interest. The reduced face value of Rs. 89,393.94 will affect the market price and yield calculations for subsequent trades. Impact is confined to holders of this specific debenture series and does not affect equity markets broadly.

Impact Justification

Routine corporate action affecting NCD holders of SRG Housing Finance; reduces face value of a specific debenture series, impacting holders and trading prices but limited to a single issuer's debt instrument.