Description
KEERTANA FINSERV LIMITED announces part redemption of non-convertible debentures with reduced face value effective September 8, 2025.
Summary
KEERTANA FINSERV LIMITED has announced part redemption of its Non-Convertible Debentures (INE0NES07212) with a record date of September 8, 2025. The debentures will trade with a reduced face value of Rs. 91,666.67 per debenture effective from the same date.
Key Points
- Company: KEERTANA FINSERV LIMITED
- Debenture Code: KFL-11.4%-23-6-28-PVT (INE0NES07212)
- Security Code: 976823
- Record date for part redemption and interest payment: September 8, 2025
- New reduced face value: Rs. 91,666.67 per debenture
- Effective date for reduced face value trading: September 8, 2025
- Settlement number: DR-710/2025-2026
Regulatory Changes
No new regulatory changes introduced. This is a standard corporate action procedure for debenture part redemption.
Compliance Requirements
- Trading members must note that debentures will trade with reduced face value from September 8, 2025
- All trading and settlement activities must reflect the new face value post the effective date
Important Dates
- Record Date: September 8, 2025 (for part redemption and interest payment)
- Effective Date: September 8, 2025 (for reduced face value trading)
- Notice Date: August 26, 2025
Impact Assessment
Limited market impact as this affects only specific debenture holders of KEERTANA FINSERV LIMITED. The part redemption will reduce the outstanding debt obligation and the face value adjustment ensures proper trading mechanics post-redemption.
Impact Justification
Routine corporate action affecting specific debenture holders with clear procedural impact