Description

MAGNITE DEVELOPERS PRIVATE LIMITED has fixed Record Date for part redemption of non-convertible debentures and payment of interest, with reduced face value effective from October 20, 2025.

Summary

Magnite Developers Private Limited has announced part redemption of its non-convertible debentures along with interest payment. The record date has been fixed as October 22, 2025, and the debentures will trade with reduced face value of Rs. 593,750 per debenture effective from October 20, 2025 (Settlement No. DR-739/2025-2026).

Key Points

  • Issuer: MAGNITE DEVELOPERS PRIVATE LIMITED
  • ISIN: INE0M1Q07015
  • Security Code: 974290
  • Security: MDPL-10%-31-3-27-PVT
  • Purpose: Part redemption of debentures and payment of interest
  • Reduced face value: Rs. 593,750 per debenture
  • Debentures will trade with reduced face value from effective date

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

Trading members of the exchange must:

  • Note that trading in the debentures will be conducted with reduced face value from the effective date
  • Update their systems to reflect the new face value of Rs. 593,750 per debenture

Important Dates

  • Record Date: October 22, 2025 - Date for determining eligible debenture holders for part redemption and interest payment
  • Effective Date: October 20, 2025 - Date from which debentures will trade with reduced face value
  • Settlement Number: DR-739/2025-2026
  • Notice Date: October 17, 2025

Impact Assessment

This is a routine corporate action with limited market impact. The part redemption and interest payment affect only holders of MAGNITE DEVELOPERS PRIVATE LIMITED debentures (ISIN: INE0M1Q07015). Trading members dealing with these specific securities need to update their systems to reflect the reduced face value. As this involves a private limited company’s debt instruments, the broader market impact is minimal.

Impact Justification

Routine corporate action for private limited company debentures with limited market-wide impact, affecting only specific debenture holders