Description
BSE notifies trading members of record dates and reduced face values for part redemption of NCDs issued by Achiievers Finance India Limited and Akara Capital Advisors Private Limited, effective 18–19 May 2026.
Summary
BSE Notice No. 20260514-47 informs trading members that Achiievers Finance India Limited (PVT) and Akara Capital Advisors Private Limited have fixed record dates for part redemption of their Non-Convertible Debentures (NCDs). Trading in the affected debentures will occur at a reduced face value from the respective ex-dates onwards.
Key Points
- Four NCD series across two companies are subject to part redemption with record dates of 18 May 2026 and 19 May 2026.
- Trading members must note that debentures will trade at a reduced face value effective from the ex-date.
- All four debenture series are privately placed (PVT) instruments in the Debt segment.
- Settlement numbers 632/2026-2027 (for 18 May) and 633/2026-2027 (for 19 May) apply.
Regulatory Changes
No new regulatory changes are introduced. This is a standard corporate action notification under BSE’s listing and debt segment operations framework.
Compliance Requirements
- Trading members must update their systems to reflect the reduced face values for the affected scrips from the ex-date.
- Settlement of transactions in these debentures must reference the correct settlement numbers (DR 632/2026-2027 or 633/2026-2027 as applicable).
Important Dates
| Scrip Code | Company | ISIN | Record Date | Ex Date | Reduced Face Value |
|---|---|---|---|---|---|
| 977310 | Achiievers Finance India Ltd (AFIL-14.4%-31-5-27-PVT) | INE065507BM2 | 18 May 2026 | 18 May 2026 | Rs. 50,000/- per debenture |
| 977435 | Akara Capital Advisors Pvt Ltd (ACAPL-12.3%-3-1-27-PVT) | INE08XP07456 | 18 May 2026 | 18 May 2026 | Rs. 58,333.35 per debenture |
| 977613 | Achiievers Finance India Ltd (AFIL-14.40%-31-5-28-PVT) | INE065507BS9 | 18 May 2026 | 18 May 2026 | Rs. 83,333/- per debenture |
| 975713 | Akara Capital Advisors Pvt Ltd (ACAPL-11.90%-3-12-26-PVT) | INE08XP07217 | 19 May 2026 | 19 May 2026 | Rs. 50,000/- per debenture |
Impact Assessment
Impact is limited to holders and traders of these four specific privately placed NCD series. The part redemptions reduce the outstanding face value of each debenture, lowering the trading price floor accordingly. No broader market or equity segment impact is expected. Debt segment participants and institutional investors holding these instruments should update valuation models to reflect the new reduced face values post-ex-date.
Impact Justification
Routine corporate action notice for part redemption of privately placed NCDs by two smaller NBFC/capital advisory firms; affects a limited set of debt scrips and is relevant only to holders of these specific debentures.