Description
BSE notice regarding part redemption of three series of non-convertible debentures with reduced face values effective August 29, 2025.
Summary
KOLTE-PATIL DEVELOPERS LTD will conduct part redemption of three series of non-convertible debentures with record date August 30, 2025. Trading will commence with reduced face values from August 29, 2025.
Key Points
- Three debenture series affected: KPDL-ZC-17-4-33-PVT, KPDL-21-12-33-PVT, and KPDL-ZC-20-9-34-PVT
- Record date: August 30, 2025
- Effective date for reduced face value trading: August 29, 2025
- Settlement number: DR-704/2025-2026
Regulatory Changes
No regulatory changes - standard corporate action procedure for debt securities part redemption.
Compliance Requirements
- Trading members must note the reduced face values for trading purposes
- Debentures will trade at new reduced face values from the effective date
Important Dates
- August 29, 2025: Effective date for trading with reduced face values
- August 30, 2025: Record date for part redemption eligibility
Impact Assessment
Debenture holders will receive partial redemption payments, with remaining holdings trading at reduced face values:
- KPDL-ZC-17-4-33-PVT: Rs. 74,679 per debenture
- KPDL-21-12-33-PVT: Rs. 73,065 per debenture
- KPDL-ZC-20-9-34-PVT: Rs. 77,287 per debenture
This provides liquidity to debenture holders while maintaining tradeable securities at adjusted values.
Impact Justification
Part redemption affects three debenture series with significant face value reductions, impacting debt security holders