Description
BSE notifies part redemption of JM Financial Products Ltd debentures (ISIN: INE523H07CB9) with reduced face value of Rs. 66,666.67 per debenture, effective May 18, 2026.
Summary
BSE has issued this notice in continuation of Exchange Notice No. 20260511-39 dated May 11, 2026, regarding the part redemption of debentures of JM Financial Products Ltd (Scrip Code: 975200). The company has now communicated the reduced face value post partial redemption, and trading in the debentures will resume with the updated face value effective May 18, 2026.
Key Points
- Scrip Code: 975200 | ISIN: INE523H07CB9
- Debenture series: JMFPL-8.92%-16-11-26-PVT
- Purpose: Part Redemption of Debentures
- Reduced Face Value post redemption: Rs. 66,666.67 per debenture
- Reference DR number: DR-632/2026-2027
- This notice follows Exchange Notice No. 20260511-39 dated May 11, 2026
Regulatory Changes
The face value of the debentures has been reduced from the original face value to Rs. 66,666.67 per debenture following the partial redemption. Trading members must update their systems to reflect the new reduced face value for all transactions in this scrip.
Compliance Requirements
- Trading members are required to note the revised reduced face value of Rs. 66,666.67 per debenture for Scrip Code 975200
- All trades in JMFPL-8.92%-16-11-26-PVT debentures must be executed at the reduced face value from the effective date
- Members should update internal systems and inform clients holding these debentures of the face value change
Important Dates
- Notice Date: May 15, 2026
- Effective Date for Trading with Reduced Face Value: May 18, 2026
- Prior Notice Reference: Exchange Notice No. 20260511-39 dated May 11, 2026
- Debenture Maturity: November 16, 2026 (as indicated in the debenture name JMFPL-8.92%-16-11-26-PVT)
Impact Assessment
This partial redemption reduces the outstanding face value of the JM Financial Products Ltd 8.92% private placement debentures to Rs. 66,666.67 per unit. The impact is limited to existing holders of Scrip Code 975200 and trading members active in the BSE debt segment. Debenture holders will have received partial principal repayment, and future coupon payments will be calculated on the reduced face value. The debentures remain available for trading in the secondary market at the new reduced face value from May 18, 2026.
Impact Justification
Routine part redemption of private placement debentures affecting existing debenture holders; face value reduced to Rs. 66,666.67 per debenture with trading resumption from May 18, 2026.