Description

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

Summary

Kanakadurga Finance Limited has announced a part redemption of its 13% non-convertible debentures maturing on January 31, 2027 (ISIN: INE104W07195). The company has set October 16, 2025 as the record date for determining eligible debenture holders for interest payment and partial redemption. Following this corporate action, the debentures will trade with a reduced face value of Rs. 62,500 per debenture effective from October 16, 2025.

Key Points

  • Company: Kanakadurga Finance Limited
  • Security: 13% Non-Convertible Debentures maturing January 31, 2027
  • ISIN: INE104W07195
  • BSE Code: 976402
  • Record Date: October 16, 2025
  • Purpose: Part redemption of debentures and payment of interest
  • New Face Value: Rs. 62,500 per debenture
  • Effective Date: October 16, 2025
  • Settlement Number: DR-737/2025-2026

Regulatory Changes

No regulatory changes are introduced by this circular. This is a standard corporate action notification in accordance with existing debt market regulations.

Compliance Requirements

  • Trading members must ensure that trading in the debentures reflects the reduced face value of Rs. 62,500 per debenture from October 16, 2025 onwards
  • Trading members should update their systems to reflect the changed face value effective from settlement DR-737/2025-2026
  • Debenture holders on record as of October 16, 2025 will be eligible for the interest payment and partial redemption

Important Dates

  • October 14, 2025: Circular issue date
  • October 16, 2025: Record date for interest payment and part redemption
  • October 16, 2025: Effective date for trading with reduced face value (Settlement DR-737/2025-2026)

Impact Assessment

This corporate action has medium impact, specifically affecting holders of Kanakadurga Finance Limited’s 13% debentures. The part redemption provides liquidity to debenture holders while reducing the outstanding debt obligation of the issuer. Trading members must update their systems to reflect the reduced face value to ensure accurate pricing and settlement. The action follows standard debt market procedures and should not cause market disruption. Investors holding these debentures will receive partial capital return along with interest payment, improving their liquidity position.

Impact Justification

Standard debt corporate action affecting specific debenture holders of Kanakadurga Finance Limited. Medium impact as it involves partial redemption and face value reduction, relevant primarily to existing debenture holders.