Description

MAGNITE DEVELOPERS PRIVATE LIMITED has fixed a record date for part redemption of debentures and interest payment, with trading to commence at reduced face value of Rs. 593,750 per debenture from October 20, 2025.

Summary

BSE has notified that MAGNITE DEVELOPERS PRIVATE LIMITED has set a record date of October 22, 2025 for part redemption of its non-convertible debentures (ISIN: INE0M1Q07015, Code: 974290) and payment of interest. Trading in these debentures will commence with a reduced face value of Rs. 593,750 per debenture effective from October 20, 2025 (Settlement No. DR-739/2025-2026).

Key Points

  • Company: MAGNITE DEVELOPERS PRIVATE LIMITED
  • Debenture Code: MDPL-10%-31-3-27-PVT (974290)
  • ISIN: INE0M1Q07015
  • Record Date: October 22, 2025
  • Purpose: Part redemption of debentures and payment of interest
  • Reduced Face Value: Rs. 593,750 per debenture
  • Effective Date: October 20, 2025
  • Settlement Number: DR-739/2025-2026
  • Notice Number: 20251017-9

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 debentures will be conducted at the reduced face value of Rs. 593,750 per debenture from October 20, 2025
  • Trading members should ensure their systems reflect the updated face value for settlement purposes
  • Record date eligibility for part redemption and interest payment is October 22, 2025

Important Dates

  • October 17, 2025: Circular notice date
  • October 20, 2025: Effective date for trading at reduced face value (Settlement DR-739/2025-2026)
  • October 22, 2025: Record date for part redemption and interest payment

Impact Assessment

This circular has limited market-wide impact as it pertains to a specific corporate action for a private limited company’s debt securities. Debenture holders of record as of October 22, 2025 will receive part redemption proceeds and interest payments. The reduction in face value to Rs. 593,750 per debenture indicates a partial return of principal to investors. Trading members dealing in this security must update their systems to reflect the new face value from October 20, 2025 to ensure accurate settlement and valuation.

Impact Justification

Routine corporate action affecting debenture holders of MAGNITE DEVELOPERS PRIVATE LIMITED. Part redemption reduces face value significantly but is scheduled corporate event with limited broader market impact.