Description

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

Summary

Magnite Developers Private Limited has announced a part redemption of its non-convertible debentures (ISIN: INE0M1Q07015, Code: 974290) along with interest payment. The record date has been set for October 22, 2025. Following the part redemption, the debentures will trade with a reduced face value of Rs. 593,750 per debenture, effective from October 20, 2025 (Settlement DR-739/2025-2026).

Key Points

  • Company: MAGNITE DEVELOPERS PRIVATE LIMITED
  • Security Code: MDPL-10%-31-3-27-PVT (974290)
  • ISIN: INE0M1Q07015
  • Record Date: October 22, 2025
  • Purpose: Part Redemption of Debentures and Payment of Interest
  • New Reduced Face Value: Rs. 593,750 per Debenture
  • Effective Date: October 20, 2025
  • Settlement Number: DR-739/2025-2026
  • Notice Number: 20251017-9
  • Segment: Debt

Regulatory Changes

No regulatory changes introduced. This is a standard corporate action notification as per existing BSE listing requirements.

Compliance Requirements

  • Trading Members of BSE 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 on record as of October 22, 2025 will be eligible for interest payment and part redemption proceeds

Important Dates

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

Impact Assessment

Market Impact: Minimal. This circular affects only holders of specific debentures issued by Magnite Developers Private Limited, a private limited company. The part redemption reduces the outstanding face value of the debentures, which is a routine corporate action in debt markets.

Operational Impact: Trading members need to ensure their systems reflect the reduced face value from October 20, 2025 onwards to avoid settlement discrepancies. Debenture holders will receive partial redemption proceeds along with interest payment based on the record date.

Investor Impact: Debenture holders will receive partial return of principal along with interest, reducing their exposure to the issuer. The reduced face value will be reflected in subsequent trading and valuation of these instruments.

Impact Justification

Specific to private company debenture holders only. Limited broader market impact as this affects a single private limited company's debt instruments.