Description
BSE revises record date from August 5, 2025 to August 11, 2025 for interest payment and redemption of MAGNITE DEVELOPERS debentures.
Summary
BSE has revised the record date for payment of interest and redemption of debentures issued by MAGNITE DEVELOPERS PRIVATE LIMITED from August 5, 2025 to August 11, 2025. This revision affects debentures with scrip codes 974290 and 974800.
Key Points
- Original record date of August 5, 2025 has been revised to August 11, 2025
- Revision applies to both scrip codes: 974290 and 974800
- Corporate actions scheduled for August 5, 2025 will not take effect
- BSE will issue separate notices for the revised record date
- Scrip code 974290: Interest payment and partial redemption
- Scrip code 974800: Interest payment and full redemption
Regulatory Changes
No regulatory changes - this is a procedural revision of corporate action timing by the issuing company.
Compliance Requirements
- Trading members must note the revised record date
- Debenture holders must hold securities on August 11, 2025 to be eligible for interest and redemption payments
- Previous notices dated August 1, 2025 (Notice No. 20250801-15 and 20250801-13) are superseded
Important Dates
- Original Record Date: August 5, 2025 (cancelled)
- Revised Record Date: August 11, 2025
- Notice Date: August 4, 2025
- Previous Notices: August 1, 2025
Impact Assessment
Moderate impact on debenture holders who need to adjust their trading strategies. The six-day postponement provides additional time for investors to position themselves for eligibility. No impact on the underlying corporate action amounts or terms, only timing.
Impact Justification
Record date revision affects debenture holders' eligibility for interest and redemption payments