Description

BSE notice regarding part redemption of non-convertible debentures with reduced face values effective July 29, 2025.

Summary

BSE has issued a notice regarding the part redemption of non-convertible debentures by KOLTE-PATIL DEVELOPERS LTD. The company has fixed July 29, 2025, as the record date for part redemption across three debenture series. Trading in these debentures will commence with reduced face values from the effective date, with specific reduced values ranging from Rs. 75,060 to Rs. 80,293 per debenture.

Key Points

  • Part redemption affects three debenture series of KOLTE-PATIL DEVELOPERS LTD
  • Record date fixed as July 29, 2025, for all three series
  • Trading will continue with reduced face values from July 29, 2025
  • Settlement number DR-683/2025-2026 assigned for the reduced face value trading
  • All debentures fall under the debt segment with different ISIN codes

Regulatory Changes

No regulatory framework changes. This is a standard corporate action notification following established BSE procedures for debenture part redemption and face value adjustments.

Compliance Requirements

  • Trading members must note the reduced face values for the specified debentures
  • Updated trading systems to reflect new face values from July 29, 2025
  • Proper recording and settlement procedures for the specified settlement number
  • Adherence to corporate action processing guidelines

Important Dates

  • Record Date: July 29, 2025 - for determining eligible debenture holders
  • Effective Date: July 29, 2025 - commencement of trading with reduced face values
  • Settlement: DR-683/2025-2026 - settlement number for reduced face value trading

Impact Assessment

Market Impact: Medium - affects specific debenture holders and trading operations for KOLTE-PATIL DEVELOPERS LTD debt instruments. Trading continues with adjusted face values, maintaining market liquidity.

Operational Impact: Medium - requires system updates by trading members to reflect new face values and proper settlement processing. Standard corporate action with established procedures minimizes operational disruption.

Impact Justification

Part redemption affects debenture holders and trading operations but is routine corporate action with clear implementation timeline