Description

Magnite Developers Private Limited announces part redemption of non-convertible debentures with record date October 22, 2025, reducing face value to Rs. 593,750 per debenture effective October 20, 2025.

Summary

Magnite Developers Private Limited has announced part redemption of its non-convertible debentures along with interest payment. The record date is set for October 22, 2025, and trading in the debentures will commence with a reduced face value of Rs. 593,750 per debenture effective from October 20, 2025 (Settlement DR-739/2025-2026).

Key Points

  • Issuer: Magnite Developers Private Limited
  • ISIN: INE0M1Q07015
  • Security Code: 974290 (MDPL-10%-31-3-27-PVT)
  • 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

Regulatory Changes

No regulatory changes introduced. This is a standard corporate action notification as per existing debt market regulations.

Compliance Requirements

  • Trading members must note that trading in the debentures will be conducted with the reduced face value effective from October 20, 2025
  • Members should update their systems to reflect the new face value of Rs. 593,750 per debenture
  • Debenture holders as per the record date of October 22, 2025 will be eligible for interest payment and part redemption

Important Dates

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

Impact Assessment

Market Impact: Low - This affects only holders of privately placed debentures of Magnite Developers Private Limited. The part redemption is a routine corporate action with no broader market implications.

Operational Impact: Minimal - Trading members need to update face value information in their systems. The reduced face value will apply to all trades from October 20, 2025 onwards.

Investor Impact: Positive for debenture holders who will receive part redemption proceeds and interest payment as per the record date.

Impact Justification

Routine corporate action affecting private placement debentures of a single private limited company with limited market-wide impact