Description
J.K. CEMENT LTD has fixed record date for part redemption of non-convertible debentures with reduced face value effective September 4, 2025.
Summary
J.K. CEMENT LTD has announced part redemption of its non-convertible debentures along with interest payment. The company has fixed September 4, 2025, as the record date for this corporate action. Trading in the debentures will commence with a reduced face value of Rs. 62,500 per debenture from the effective date.
Key Points
- Company: J.K. CEMENT LTD
- Debenture Code: JKCL-7.90%-21-3-28-PVT (INE823G07219)
- Security Code: 974689
- Record Date: September 4, 2025
- Purpose: Part redemption of debentures and payment of interest
- New face value: Rs. 62,500 per debenture
- Settlement number: DR-708/2025-2026
Regulatory Changes
No new regulatory changes introduced. This is a standard corporate action for debt securities.
Compliance Requirements
- Trading members must note the reduced face value for trading purposes
- Debenture trading will reflect the new face value from the effective date
- All market participants should adjust their records accordingly
Important Dates
- Record Date: September 4, 2025
- Effective Date for Reduced Face Value: September 4, 2025
- Notice Date: August 19, 2025
Impact Assessment
This corporate action will impact debenture holders of J.K. CEMENT LTD by providing partial redemption of their investment along with interest payment. The reduced face value will affect the trading dynamics of these securities, with lower absolute prices reflecting the partial redemption. Market liquidity and pricing mechanisms will adjust to the new face value structure.
Impact Justification
Affects debenture holders through part redemption and face value reduction