Description
BSE updates trading terms for Purva Oak Private Limited debt securities, converting from unsecured to secured NCDs with revised ISINs effective August 25, 2025.
Summary
BSE has issued an update regarding debt securities of Purva Oak Private Limited, revising trading terms for three scrip codes. The securities are being converted from unsecured Non-Convertible Debentures (NCDs) to secured NCDs with new ISINs, 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 ISINs will replace existing ones for all three securities
- Changes effective from August 25, 2025
- Continuation of previous notice dated May 27, 2025
Regulatory Changes
- Security Type: Conversion 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 clarifications regarding the changes
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 conversion from unsecured to secured NCDs represents an improvement in security for debt holders, potentially affecting the risk profile and trading behavior of these instruments. Trading members need to update their systems with the new ISINs and security classifications before the effective date.
Impact Justification
Security conversion from unsecured to secured NCDs affects existing debt holders and trading members