Description
Revision of debt security terms from unsecured to secured NCDs with new ISINs effective August 25, 2025.
Summary
BSE has announced updates to debt securities of Purva Oak Private Limited, converting three unsecured Non-Convertible Debentures (NCDs) to secured NCDs with new ISINs effective August 25, 2025.
Key Points
- Three scrip codes (976648, 976649, 976650) will have revised terms
- Security mode changes from Unsecured NCDs to Secured NCDs
- New ISINs assigned for all three securities
- Changes effective from Monday, August 25, 2025
- Continuation of previous notice 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 affected scrip codes
- Updated ISINs to be used for trading from effective date
- Contact BSE officials for further clarification if needed
Important Dates
- Effective Date: Monday, August 25, 2025
- Notice Date: August 22, 2025
- Previous Related Notice: May 27, 2025
Impact Assessment
The conversion from unsecured to secured status represents an improvement in security ranking for debtholders. Trading members and investors holding these securities should update their records with new ISINs and security terms.
Impact Justification
Affects specific debt securities with material changes from unsecured to secured status