Description
BSE listing announcement for 10 series of secured NCDs by KLM Axiva Finvest Limited with varying coupon rates from 9.50% to 11.00%.
Summary
BSE has listed 10 series (Series I-X) of Secured Redeemable Non-Convertible Debentures issued by KLM Axiva Finvest Limited. The debentures have a face value of Rs. 1,000 each and varying coupon rates ranging from 9.50% to 11.00% per annum, with maturity periods extending from September 2026 to February 2032.
Key Points
- Total 10 series of secured NCDs listed with different characteristics
- Face value: Rs. 1,000 per NCD across all series
- Issue price: Rs. 1,000 per NCD (except Series X at Rs. 2,000)
- Coupon rates range from 9.50% to 11.00% per annum
- Date of allotment: July 28, 2025
- Credit rating: ACUITE BBB/Stable
- Market lot: One NCD
Regulatory Changes
No regulatory changes announced. This is a standard debt securities listing notification.
Compliance Requirements
- NCDs are secured and redeemable as per terms
- Interest payment frequencies vary by series (Monthly, Annually, Cumulative)
- Put/Call options not applicable for any series
- Standard listing compliance requirements apply
Important Dates
- Allotment Date: July 28, 2025
- Maturity Dates: Range from September 1, 2026 to February 27, 2032
- First Interest Payment Dates: Vary by series, earliest September 1, 2025
Impact Assessment
Limited market impact as this is a routine debt securities listing. The NCDs provide institutional and retail investors with secured debt investment options with varying maturity periods and coupon structures. The BBB/Stable rating indicates moderate credit quality.
Impact Justification
Routine debt securities listing with limited market impact