Description

Kanakadurga Finance Limited has fixed record date October 16, 2025 for part redemption of debentures and interest payment. Trading will be with reduced face value of Rs. 62,500 per debenture effective from the same date.

Summary

Kanakadurga Finance Limited has announced part redemption of its non-convertible debentures (ISIN: INE104W07195, Code: 976402) with a record date of October 16, 2025. This corporate action includes payment of interest on the debentures. Trading in these debentures will commence with a reduced face value of Rs. 62,500 per debenture effective from October 16, 2025 under settlement DR-737/2025-2026.

Key Points

  • Company: Kanakadurga Finance Limited
  • ISIN: INE104W07195
  • Debenture Code: KDFL-13%-31-1-27-PVT (976402)
  • Record date: October 16, 2025
  • Purpose: Part redemption of debentures and payment of interest
  • Reduced face value: Rs. 62,500 per debenture
  • Effective date: October 16, 2025
  • Settlement number: DR-737/2025-2026
  • Notice number: 20251014-15
  • Segment: Debt

Regulatory Changes

No regulatory changes. This is a standard corporate action notification for part redemption of debentures in the debt segment.

Compliance Requirements

  • Trading members must note that trading in the debentures will be with reduced face value effective from October 16, 2025
  • Trading members should update their systems to reflect the new face value of Rs. 62,500 per debenture
  • All transactions from the effective date onwards must be executed at the reduced face value

Important Dates

  • Notice Date: October 14, 2025
  • Record Date: October 16, 2025
  • Effective Date for Reduced Face Value: October 16, 2025
  • Settlement Number: DR-737/2025-2026

Impact Assessment

Impact on Debenture Holders: Existing debenture holders will receive partial redemption proceeds along with interest payment. The face value per debenture will be reduced to Rs. 62,500, affecting the denomination of their holdings.

Trading Impact: From October 16, 2025, all trading in these debentures will be at the reduced face value. Market participants need to adjust their valuation and trading systems accordingly.

Market Segment: Limited to debt segment, specifically affecting holders of Kanakadurga Finance Limited’s 13% non-convertible debentures maturing on January 31, 2027. This is a routine corporate action with medium impact on specific debenture holders.

Impact Justification

Part redemption of debentures affects debt security holders with reduced face value. Limited to specific debenture holders of Kanakadurga Finance Limited.