Description
BSE announces part redemption of non-convertible debentures with reduced face value effective September 8, 2025.
Summary
BSE has notified trading members about the part redemption of non-convertible debentures of Keertana Finserv Limited. The company has set a record date of September 8, 2025, for interest payment and partial redemption, resulting in a reduced face value from the original amount to Rs. 91,666.67 per debenture.
Key Points
- Company: Keertana Finserv Limited
- Debenture Code: KFL-11.4%-23-6-28-PVT (INE0NES07212)
- ISIN: 976823
- Record Date: September 8, 2025
- New Face Value: Rs. 91,666.67 per debenture
- Effective Date: September 8, 2025
- Settlement Number: DR-710/2025-2026
Regulatory Changes
No regulatory changes announced. This is a standard corporate action notification.
Compliance Requirements
- Trading members must note the reduced face value effective from September 8, 2025
- Trading in the debentures will continue with the new reduced face value
- Members should update their systems to reflect the new face value
Important Dates
- Record Date: September 8, 2025 - Date for determining eligible debenture holders
- Effective Date: September 8, 2025 - Date when reduced face value becomes effective
- Settlement: DR-710/2025-2026
Impact Assessment
This is a routine corporate action with minimal market impact. The partial redemption reduces the outstanding debt of Keertana Finserv Limited while providing return of capital to debenture holders. Trading will continue normally with the adjusted face value, affecting only holders of this specific debenture series.
Impact Justification
Routine corporate action affecting single company's debt securities with minimal market impact