Description
BSE notice regarding part redemption of non-convertible debentures with reduced face value effective August 5, 2025.
Summary
MAGNITE DEVELOPERS PRIVATE LIMITED has announced part redemption of its non-convertible debentures along with interest payment. The company has fixed August 5, 2025 as the record date, and trading will commence with reduced face value from the same date.
Key Points
- Company: MAGNITE DEVELOPERS PRIVATE LIMITED
- Debenture Code: MDPL-10%-31-3-27-PVT (INE0M1Q07015, Scrip Code: 974290)
- Record Date: August 5, 2025
- Purpose: Part redemption of debentures and payment of interest
- New face value: Rs. 625,000 per debenture
- Effective date: August 5, 2025
- Settlement number: DR-688/2025-2026
Regulatory Changes
Trading in the debentures will be conducted with the reduced face value of Rs. 625,000 per debenture effective from August 5, 2025.
Compliance Requirements
Trading members must note the change in face value and ensure all trading activities reflect the reduced face value from the effective date.
Important Dates
- Record Date: August 5, 2025
- Effective Date for Reduced Face Value: August 5, 2025
- Notice Date: August 1, 2025
Impact Assessment
This corporate action affects holders of MAGNITE DEVELOPERS PRIVATE LIMITED debentures through part redemption and interest payment. The face value reduction to Rs. 625,000 per debenture will impact trading calculations and settlement procedures for market participants dealing with these securities.
Impact Justification
Corporate action affecting specific debenture holders with face value reduction