Description
BSE updates trading 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, revising the terms of three Non-Convertible Debentures (NCDs) from unsecured to secured status. The changes include new ISIN codes and will be effective from Monday, August 25, 2025.
Key Points
- Three scrip codes (976648, 976649, 976650) will have revised trading terms
- Security mode changes from Unsecured NCDs to Secured NCDs
- New ISIN codes will replace existing ones
- Changes effective from August 25, 2025
- This is a continuation of 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 ISIN codes must be used for trading from the effective date
- Contact BSE officials for any clarifications needed
Important Dates
- Notice Date: August 22, 2025
- Effective Date: Monday, August 25, 2025
- Previous Related Notice: May 27, 2025 (Notice 20250527-2)
Impact Assessment
The change from unsecured to secured debt securities represents an improvement in the credit quality of these bonds, potentially making them more attractive to investors. The revision of ISIN codes ensures proper identification and trading of the restructured securities. Trading members need to update their systems with the new ISINs to ensure smooth trading operations from the effective date.
Impact Justification
Significant change from unsecured to secured debt securities affects trading terms for specific company bonds