Description

KEERTANA FINSERV LIMITED has fixed record date of October 31, 2025 for part redemption of debentures and interest payment, with reduced face value effective from the same date.

Summary

KEERTANA FINSERV LIMITED has announced part redemption of its Non-Convertible Debentures (NCD) with ISIN INE0NES07105 (Code: 975653). The company has set October 31, 2025 as the record date for determining eligible debenture holders for interest payment and part redemption. Following the redemption, the face value of the debentures will be reduced to Rs. 25,000 per debenture, effective from October 31, 2025.

Key Points

  • Company: KEERTANA FINSERV LIMITED
  • Security: 11.40% Non-Convertible Debentures
  • ISIN: INE0NES07105
  • Scrip Code: 975653 (KFL-11.40%-10-5-26-PVT)
  • Record Date: October 31, 2025
  • Purpose: Part redemption of debentures and payment of interest
  • New reduced face value: Rs. 25,000 per debenture
  • Effective date for reduced face value: October 31, 2025
  • Settlement Number: DR-747/2025-2026

Regulatory Changes

No regulatory changes. This is a corporate action notice regarding part redemption of debentures.

Compliance Requirements

  • Trading Members must note that trading in the debentures will be conducted with reduced face value from October 31, 2025
  • Trading Members should update their systems to reflect the new face value of Rs. 25,000 per debenture
  • Debenture holders as of the record date (October 31, 2025) will be eligible for the part redemption and interest payment

Important Dates

  • Record Date: October 31, 2025 - Determines eligibility for part redemption and interest payment
  • Effective Date for Reduced Face Value: October 31, 2025 (Settlement: DR-747/2025-2026)
  • Notice Date: October 27, 2025

Impact Assessment

Market Impact: Medium - This part redemption affects holders of KEERTANA FINSERV LIMITED’s non-convertible debentures but is limited to this specific debt security.

Operational Impact: Trading members need to update their systems to reflect the reduced face value of Rs. 25,000 per debenture from October 31, 2025. The debentures will continue to trade post-redemption but at the reduced face value.

Investor Impact: Debenture holders as of the record date will receive partial redemption proceeds along with interest payment. The continuing debentures will have a reduced face value, which will affect future interest calculations and final redemption amounts.

Impact Justification

Part redemption of non-convertible debentures with face value reduction affects debt security holders but is a routine corporate action with limited broader market impact.