Description

KEERTANA FINSERV LIMITED has fixed record date for part redemption of non-convertible debentures with reduced face value effective October 31, 2025.

Summary

KEERTANA FINSERV LIMITED has announced part redemption of its non-convertible debentures (ISIN: INE0NES07105, Scrip Code: 975653) with a record date of October 31, 2025. The debentures will trade with a reduced face value of Rs. 25,000 per debenture effective from the same date. The company will also make interest payments to eligible debenture holders as per the record date.

Key Points

  • Security: KEERTANA FINSERV LIMITED 11.40% debentures maturing 10-5-26
  • ISIN: INE0NES07105
  • BSE Scrip Code: 975653
  • Record Date: October 31, 2025
  • Reduced Face Value: Rs. 25,000 per debenture
  • Effective Date: October 31, 2025
  • Settlement Number: DR-747/2025-2026
  • Purpose: Part redemption of debentures and payment of interest

Regulatory Changes

No regulatory changes introduced. This is a standard corporate action notification for debt securities.

Compliance Requirements

  • Trading members must note that trading in these debentures will be conducted at the reduced face value of Rs. 25,000 per debenture from October 31, 2025
  • Investors must hold the debentures as of the record date (October 31, 2025) to be eligible for interest payment and part redemption proceeds
  • Trading members should update their systems to reflect the reduced face value for settlement number DR-747/2025-2026

Important Dates

  • October 27, 2025: Circular issue date
  • October 31, 2025: Record date for interest payment and part redemption
  • October 31, 2025: Effective date for trading with reduced face value (Settlement DR-747/2025-2026)

Impact Assessment

This circular has moderate impact limited to holders of KEERTANA FINSERV LIMITED debentures. The part redemption will return capital to debenture holders while reducing the outstanding principal amount. Trading members need to update their systems to reflect the new face value to ensure accurate pricing and settlement. The 11.40% coupon rate debentures will continue trading at the reduced face value, affecting position sizing and risk calculations for debt market participants. No broader market impact expected as this is a routine corporate action for a private placement debt security.

Impact Justification

Routine corporate action affecting debenture holders with part redemption and face value reduction. Material for debt investors but limited broader market impact.