Description

KEERTANA FINSERV LIMITED announces part redemption of non-convertible debentures with reduced face value effective October 15, 2025.

Summary

KEERTANA FINSERV LIMITED has announced part redemption of its Non-Convertible Debentures (NCDs) with ISIN INE0NES07170 (Code: 976653). The debentures bearing 11.30% interest rate maturing on January 30, 2027, will be partially redeemed with effect from October 15, 2025. Post-redemption, the face value will be reduced to Rs. 71,428.58 per debenture. Trading members are notified that trading in these debentures will commence with the reduced face value from the effective date.

Key Points

  • Company: KEERTANA FINSERV LIMITED
  • Security Code: KFL-11.30%-30-01-27-PVT (976653)
  • ISIN: INE0NES07170
  • Interest Rate: 11.30%
  • Maturity Date: January 30, 2027
  • Reduced Face Value: Rs. 71,428.58 per debenture
  • Effective Date: October 15, 2025
  • Settlement Number: DR-736/2025-2026
  • Record Date: October 15, 2025

Regulatory Changes

No regulatory framework changes. This is a corporate action pursuant to the terms of the debenture issuance allowing for part redemption before maturity.

Compliance Requirements

  • Trading members must note that trading in the debentures will be conducted at the reduced face value of Rs. 71,428.58 per debenture from October 15, 2025
  • All trades executed on or after the effective date must reflect the reduced face value
  • Settlement will be processed under DR-736/2025-2026

Important Dates

  • Notice Date: October 10, 2025
  • Record Date: October 15, 2025
  • Effective Date for Reduced Face Value: October 15, 2025
  • Settlement: DR-736/2025-2026
  • Original Maturity Date: January 30, 2027

Impact Assessment

Market Impact: Medium - This part redemption affects holders of KEERTANA FINSERV LIMITED’s 11.30% debentures. The reduction in face value indicates partial return of principal to debenture holders.

Operational Impact: Trading members need to update their systems to reflect the reduced face value of Rs. 71,428.58 per debenture from October 15, 2025. Any pending orders or positions must account for the changed face value.

Investor Impact: Debenture holders on record as of October 15, 2025, will receive partial redemption proceeds. The remaining investment will continue with reduced face value until the maturity date of January 30, 2027, continuing to earn 11.30% interest on the reduced principal amount.

Impact Justification

Part redemption of debentures affecting specific debt instrument holders with reduced face value from approximately Rs. 100,000 to Rs. 71,428.58 per debenture