Description
BSE notifies trading members of record dates and reduced face values for part redemption of non-convertible debentures of seven companies, effective May 12–16, 2026.
Summary
BSE Notice No. 20260508-38 informs trading members that seven companies have fixed record dates for part redemption (and interest payment) of their Non-Convertible Debentures (NCDs). Trading in the affected debentures will occur at reduced face values from the respective ex-dates.
Key Points
- Seven NCD issuers have set record dates between 12 May and 16 May 2026 for part redemption.
- Trading in each debenture will be conducted at the reduced face value from the applicable ex-date.
- All settlements fall under DR series 628–631 for FY 2026-2027.
- The circular covers privately placed NCDs across finance, real estate, telecom, and NBFC sectors.
Regulatory Changes
No new regulatory framework is introduced. This is a standard listing operations notice under BSE’s debt segment procedures for corporate actions involving NCD part redemption.
Compliance Requirements
- Trading members must note the reduced face values and update their systems accordingly from the respective ex-dates.
- Trades executed on or after the ex-date must reflect the revised (reduced) face value per debenture.
Important Dates
| Scrip Code | Company | ISIN | Record Date | Ex Date | Reduced Face Value |
|---|---|---|---|---|---|
| 977323 | India Shelter Finance Corporation Ltd | INE922K07112 | 12/05/2026 | 12/05/2026 | Rs. 90,000/- per debenture |
| 976923 | Lodha Developers Limited | INE670K07307 | 13/05/2026 | 13/05/2026 | Rs. 79,055/- per debenture |
| 977293 | Lodha Developers Limited | INE670K07349 | 13/05/2026 | 13/05/2026 | Rs. 67,876/- per debenture |
| 977076 | SRG Housing Finance Limited | INE559N07058 | 14/05/2026 | 14/05/2026 | Rs. 86,363.64 per debenture |
| 974895 | Ascend Telecom Infrastructure Pvt Ltd | INE889K08038 | 15/05/2026 | 15/05/2026 | Rs. 75,000/- per debenture |
| 976306 | Akara Capital Advisors Pvt Ltd | INE08XP07274 | 16/05/2026 | 15/05/2026 | Rs. 35,000/- per debenture |
| 976402 | Kanakadurga Finance Limited | INE104W07195 | 16/05/2026 | 15/05/2026 | Rs. 33,333/- per debenture |
Impact Assessment
This notice has medium operational impact on debt-segment participants holding these NCDs. Traders and custodians must update face values in their systems before the respective ex-dates to ensure accurate settlement. The reductions in face value reflect partial principal repayments by the issuers. Lodha Developers has two debenture series maturing on the same record date (13 May), requiring attention to both ISINs separately. No equity market impact is expected.
Impact Justification
Routine corporate action notice affecting debt segment traders holding NCDs of seven companies; reduced face values take effect across five ex-dates between May 12–16, 2026.