Description
BSE announces part redemption of non-convertible debentures for KOLTE-PATIL DEVELOPERS LTD with reduced face values effective August 14, 2025.
Summary
KOLTE-PATIL DEVELOPERS LTD has announced part redemption of its non-convertible debentures with record date set for August 14, 2025. Three series of debentures will trade with reduced face values ranging from Rs. 73,905 to Rs. 78,566 per debenture effective from August 14, 2025.
Key Points
- Part redemption affects three series of KOLTE-PATIL DEVELOPERS LTD debentures
- Trading will commence with reduced face values from August 14, 2025
- Settlement number DR-695/2025-2026 applies to all three series
- All debentures have the same record date and effective date
Regulatory Changes
No regulatory framework changes. This is a standard corporate action procedure for part redemption of debentures.
Compliance Requirements
- Trading members must note the reduced face values for trading purposes
- Updated face values must be reflected in trading systems from August 14, 2025
- Proper settlement procedures must be followed under DR-695/2025-2026
Important Dates
- Record Date: August 14, 2025
- Effective Date for Reduced Face Value: August 14, 2025
- Settlement Number: DR-695/2025-2026
Impact Assessment
Market Impact: Medium - affects three debenture series with significant face value reductions. KPDL-ZC-17-4-33-PVT reduced to Rs. 75,487, KPDL-21-12-33-PVT to Rs. 73,905, and KPDL-ZC-20-9-34-PVT to Rs. 78,566 per debenture.
Operational Impact: Requires trading system updates and proper communication to debenture holders regarding the part redemption and new trading parameters.
Impact Justification
Significant corporate action affecting debenture holders with substantial face value reductions