Description
BSE updates terms for AETHON DEVELOPERS debt securities, changing from unsecured to secured NCDs with new ISIN effective August 7, 2025.
Summary
BSE has issued an update regarding debt securities of AETHON DEVELOPERS Pvt Ltd, revising the terms of existing Non-Convertible Debentures (NCDs). The securities will change from unsecured to secured status with a new ISIN code, effective from August 7, 2025.
Key Points
- Scrip Code 976099 will continue trading under revised terms
- Security mode changes from Unsecured NCDs to Secured NCDs
- New ISIN assigned: INE15S307015 (replacing INE15S308013)
- Changes effective from Thursday, August 7, 2025
- This is a continuation of notice 20250710-6 dated July 10, 2025
Regulatory Changes
Security Classification Update:
- Previous: Unsecured Non-Convertible Debentures
- Revised: Secured Non-Convertible Debentures
ISIN Code Change:
- Previous ISIN: INE15S308013
- New ISIN: INE15S307015
Compliance Requirements
- Trading Members must note the revised terms for Scrip Code 976099
- All trading activities must reflect the new security status from August 7, 2025
- Trading Members can contact BSE officials for clarification on the changes
Important Dates
- Effective Date: Thursday, August 7, 2025
- Notice Date: August 6, 2025
- Previous Related Notice: July 10, 2025 (Notice 20250710-6)
Impact Assessment
Market Impact: The change from unsecured to secured status typically represents an improvement in investor protection and may affect the credit rating and trading interest in these securities. The ISIN change ensures proper identification and settlement of the revised securities.
Operational Impact: Trading systems and records must be updated to reflect the new ISIN and security classification to ensure accurate processing and settlement of transactions.
Impact Justification
Significant change in security terms affecting trading parameters and investor rights