Description
BSE notifies trading members of reduced face value trading in debentures of three companies — Vistaar Financial Services, Ananya Finance For Inclusive Growth, and Finnable Credit — effective from their respective ex-dates in May 2026.
Summary
BSE Notice No. 20260519-35 informs trading members that three companies have fixed record dates for payment of interest and/or part redemption of their Non-Convertible Debentures (NCDs). From the specified ex-dates, trading in these debentures will occur at a reduced face value.
Key Points
- Trading in debentures of the listed companies will be conducted at a reduced face value effective from their respective ex-dates.
- Three companies are affected: Vistaar Financial Services Pvt Ltd, Ananya Finance For Inclusive Growth Private Limited, and Finnable Credit Private Limited.
- The notice applies to the Debt segment under the Corporate Actions category.
- All settlements fall under DR series for 2026-2027.
Regulatory Changes
No new regulatory changes. This is a standard operational notice under existing BSE listing compliance rules requiring trading suspension at full face value ahead of NCD interest payment or part-redemption record dates.
Compliance Requirements
- Trading members must note the ex-dates and ensure debenture trades are executed at the reduced face values from the effective dates.
- Members should update their systems to reflect the revised face values for the affected scrip codes.
Important Dates
| Scrip Code | Company | ISIN | Record Date | Ex Date | Settlement | Reduced Face Value |
|---|---|---|---|---|---|---|
| 975474 | Vistaar Financial Services Pvt Ltd (VFSPL-9.75%-5-3-27-PVT) | INE016P07195 | 21 May 2026 | 21 May 2026 | 635/2026-2027 | Rs. 25,000 per debenture |
| 976510 | Ananya Finance For Inclusive Growth Pvt Ltd (AFFIGPL-13.65%-7-12-26-PVT) | INE774L07099 | 23 May 2026 | 22 May 2026 | 636/2026-2027 | Rs. 60,000 per debenture |
| 977363 | Finnable Credit Private Limited (FCPL-12.25%-11-6-28-PVT) | INE14H407074 | 27 May 2026 | 27 May 2026 | 639/2026-2027 | Rs. 80,000 per debenture |
Impact Assessment
Impact is limited to debt segment participants holding or trading these specific private NCD instruments. The reduced face value reflects partial redemption of principal, which is a routine lifecycle event for NCDs. Equity markets are unaffected. Traders in the debt segment must adjust pricing models for these scrips from the respective ex-dates to avoid settlement discrepancies.
Impact Justification
Routine corporate action notice affecting three private NCD issuers with reduced face value trading; impacts only NCD holders and debt segment traders of these specific instruments.