Description
KINARA CAPITAL PRIVATE LIMITED has fixed record date for payment of interest and part redemption of non-convertible debentures. Trading will be with reduced face value of Rs. 70,000 per debenture effective October 23, 2025.
Summary
KINARA CAPITAL PRIVATE LIMITED has set a record date of October 23, 2025 for the purpose of payment of interest and part redemption of its non-convertible debentures (ISIN: INE200W07423, Code: 975887). Following the part redemption, the debentures will trade with a reduced face value of Rs. 70,000 per debenture, effective from October 23, 2025 (Settlement No. DR-741/2025-2026). The debentures are 13.10% KINARA CAPITAL PRIVATE LIMITED debentures maturing on 7-8-27.
Key Points
- Record Date: October 23, 2025
- Purpose: Part redemption of debentures and payment of interest
- ISIN: INE200W07423
- BSE Code: 975887
- Debenture Series: KCPL-13.10%-7-8-27-PVT
- New Reduced Face Value: Rs. 70,000 per debenture
- Effective Date for Reduced Face Value: October 23, 2025
- Settlement Number: DR-741/2025-2026
Regulatory Changes
No regulatory changes introduced. This is a standard corporate action notice for part redemption of debentures.
Compliance Requirements
- Trading members must note that trading in the debentures will be conducted with the reduced face value of Rs. 70,000 per debenture from October 23, 2025 onwards
- All market participants must account for the reduced face value in their systems and trading activities
- Debenture holders as per record date of October 23, 2025 will be eligible for interest payment and part redemption proceeds
Important Dates
- October 14, 2025: Notice issued
- October 23, 2025: Record date for interest payment and part redemption
- October 23, 2025: Effective date for trading with reduced face value (Settlement No. DR-741/2025-2026)
Impact Assessment
Market Impact: Medium - This part redemption affects the trading characteristics of KINARA CAPITAL PRIVATE LIMITED debentures. The reduction in face value from the original amount to Rs. 70,000 per debenture will impact pricing, yield calculations, and portfolio valuations for debenture holders.
Operational Impact: Trading members need to update their systems to reflect the reduced face value from October 23, 2025. Debenture holders will receive part redemption proceeds and interest payment, which may affect their investment strategies and cash flow planning.
Investor Impact: Debenture holders on record date will receive partial principal repayment along with interest, reducing their exposure to the issuer while maintaining holdings in the remaining face value of Rs. 70,000 per debenture.
Impact Justification
Affects debenture holders of KINARA CAPITAL PRIVATE LIMITED with specific trading implications due to reduced face value. Important for debt market participants but limited to single issuer.