Description
BSE announces revised terms for Purva Oak Private Limited debt securities, converting from unsecured to secured NCDs with new ISINs effective August 25, 2025.
Summary
BSE has announced revised terms for debt securities of Purva Oak Private Limited, effective August 25, 2025. The securities will be converted from unsecured Non-Convertible Debentures (NCDs) to secured NCDs with new ISIN codes.
Key Points
- Three scrip codes (976648, 976649, 976650) will have revised terms
- Securities will change from unsecured to secured NCDs
- New ISIN codes will be assigned to all three securities
- Changes effective from Monday, August 25, 2025
- Continuation of previous notice dated May 27, 2025
Regulatory Changes
- Security Mode: Changed from Unsecured NCDs to Secured NCDs
- ISIN Updates:
- 976648: INE0SRE08013 → INE0SRE07031
- 976649: INE0SRE08039 → INE0SRE07049
- 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 clarification needed
Important Dates
- Notice Date: August 22, 2025
- Effective Date: August 25, 2025 (Monday)
- Previous Related Notice: May 27, 2025 (Notice 20250527-2)
Impact Assessment
The conversion from unsecured to secured NCDs represents a structural improvement in the credit profile of these securities. This change may affect the risk assessment, pricing, and trading patterns of the affected debt instruments. Trading members should update their systems and risk management frameworks to reflect the new secured status and ISIN codes.
Impact Justification
Significant structural change from unsecured to secured NCDs affects trading and risk profile