Description
Notice regarding part redemption of non-convertible debentures with reduced face value effective August 14, 2025.
Summary
Kanakadurga Finance Limited has announced part redemption of its non-convertible debentures with a record date of August 16, 2025. The debentures will trade with reduced face value of Rs. 70,833 per debenture effective August 14, 2025.
Key Points
- Company: Kanakadurga Finance Limited
- Debenture Code: KDFL-13%-31-1-27-PVT
- ISIN: INE104W07195 (976402)
- Purpose: Part redemption of debentures and payment of interest
- Record date: August 16, 2025
- Reduced face value: Rs. 70,833 per debenture
- Effective date: August 14, 2025
- Settlement number: DR-695/2025-2026
Regulatory Changes
No regulatory framework changes. Standard corporate action procedure for debt securities.
Compliance Requirements
- Trading members must note the reduced face value effective from August 14, 2025
- Debentures will trade with reduced face value from the effective date
- Record date compliance for interest payment and redemption eligibility
Important Dates
- August 14, 2025: Effective date for reduced face value trading
- August 16, 2025: Record date for part redemption and interest payment
Impact Assessment
Limited impact as this is a routine corporate action affecting only holders of this specific debenture series. The part redemption reduces the outstanding principal amount, with trading continuing at the reduced face value.
Impact Justification
Routine corporate action affecting specific debenture holders with scheduled redemption