Description
BSE announces part redemption of non-convertible debentures for three series of Kolte-Patil Developers Ltd with record date October 15, 2025 and reduced face values effective from the same date.
Summary
BSE has issued a notice regarding part redemption of non-convertible debentures (NCDs) issued by Kolte-Patil Developers Ltd. Three series of debentures will undergo part redemption with a record date of October 15, 2025. Trading in these debentures will be conducted with reduced face values effective from October 15, 2025 (Settlement No. DR-736/2025-2026).
Key Points
- Part redemption applies to three series of Kolte-Patil Developers Ltd debentures
- KPDL-ZC-17-4-33-PVT (ISIN: INE094I07049, Code: 974771) - Reduced face value: Rs. 69,698 per debenture
- KPDL-21-12-33-PVT (ISIN: INE094I07064, Code: 975276) - Reduced face value: Rs. 68,721 per debenture
- KPDL-ZC-20-9-34-PVT (ISIN: INE094I07072, Code: 976030) - Reduced face value: Rs. 73,518 per debenture
- All three series will trade with reduced face values from the effective date
Regulatory Changes
No regulatory changes. This is a standard corporate action notice for part redemption of debt securities.
Compliance Requirements
- Trading members must note that trading in the specified debentures will be conducted with reduced face values from October 15, 2025
- Trading members should update their systems to reflect the new face values for the three debenture series
- Debenture holders on record as of October 15, 2025 will receive partial redemption proceeds
Important Dates
- Notice Date: October 13, 2025
- Record Date: October 15, 2025
- Effective Date of Reduced Face Value: October 15, 2025
- Settlement Number: DR-736/2025-2026
Impact Assessment
Market Impact: Medium - This corporate action affects three specific debenture series of Kolte-Patil Developers Ltd. Debenture holders will receive partial redemption of their holdings, reducing the outstanding face value of their securities.
Investor Impact: Debenture holders will receive partial redemption proceeds on the record date, and their holdings will continue to trade at reduced face values. This represents a return of capital to investors while maintaining their debt securities position.
Operational Impact: Trading members must update their systems to reflect the new reduced face values for these three debenture series to ensure accurate trading and settlement from October 15, 2025 onwards.
Impact Justification
Routine corporate action affecting debenture holders of Kolte-Patil Developers with specific impact on three debt securities series