Description
BSE announces revised terms for Purva Oak Private Limited debt securities, changing from unsecured to secured NCDs with new ISINs effective August 25, 2025.
Summary
BSE has issued an update regarding debt securities of Purva Oak Private Limited, announcing revised terms that will be effective from Monday, August 25, 2025. The key change involves conversion from unsecured NCDs to secured NCDs with corresponding ISIN changes for three scrip codes.
Key Points
- Three scrip codes (976648, 976649, 976650) will continue trading with revised terms
- Security mode changes from Unsecured NCDs to Secured NCDs
- New ISINs will replace existing ones for all three securities
- Changes effective from August 25, 2025
- This is a continuation of previous notice 20250527-2 dated May 27, 2025
Regulatory Changes
Security Mode Change:
- From: Unsecured NCDs
- To: Secured NCDs
ISIN Updates:
- Scrip 976648: INE0SRE08013 → INE0SRE07031
- Scrip 976649: INE0SRE08039 → INE0SRE07049
- Scrip 976650: INE0SRE08021 → INE0SRE07023
Compliance Requirements
- Trading Members must note the revised terms for the specified scrip codes
- Updated ISINs must be used for trading from the effective date
- Contact BSE officials for any clarifications needed
Important Dates
- Effective Date: Monday, August 25, 2025
- Original Notice Date: May 27, 2025 (Notice 20250527-2)
- Current Notice Date: August 22, 2025
Impact Assessment
The conversion from unsecured to secured NCDs represents an improvement in security for investors, as secured debt instruments carry lower risk compared to unsecured ones. Trading Members and investors should update their systems with the new ISINs to ensure smooth trading operations from the effective date.
Impact Justification
Security mode change from unsecured to secured NCDs affects trading terms and investor risk profile