Description

BSE announces part redemption and interest payment for two series of non-convertible debentures issued by Keertana Finserv Limited with reduced face values effective November 2025.

Summary

BSE has notified trading members that Keertana Finserv Limited has fixed record dates for part redemption and interest payment on two series of non-convertible debentures. Trading in these debentures will commence with reduced face values from the specified effective dates in November 2025.

Key Points

  • Two series of Keertana Finserv Limited debentures undergoing part redemption
  • KFL-11.05%-20-2-26-PVT (ISIN: INE0NES07089) face value reduced to Rs. 12,500 per debenture
  • KFL-11.40%-26-5-27-PVT (ISIN: INE0NES07147) face value reduced to Rs. 60,000 per debenture
  • Both series include interest payment along with part redemption
  • Trading will continue with reduced face values from effective dates

Regulatory Changes

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

Compliance Requirements

  • Trading members must note the reduced face values for trading purposes
  • Trading in affected debentures must reflect reduced face values from the effective dates
  • Members should update their systems to reflect the new face values for settlement purposes

Important Dates

First Series (KFL-11.05%-20-2-26-PVT):

  • Record Date: November 10, 2025
  • Effective Date: November 10, 2025
  • Settlement Number: DR-752/2025-2026
  • New Face Value: Rs. 12,500 per debenture

Second Series (KFL-11.40%-26-5-27-PVT):

  • Record Date: November 11, 2025
  • Effective Date: November 11, 2025
  • Settlement Number: DR-753/2025-2026
  • New Face Value: Rs. 60,000 per debenture

Impact Assessment

Market Impact: Low - affects only holders of specific Keertana Finserv Limited debenture series.

Investor Impact: Medium for affected debenture holders who will receive partial redemption proceeds and interest payments. The reduced face values indicate capital return to investors.

Operational Impact: Trading members need to update their systems to reflect the reduced face values for accurate trading and settlement of these securities from the respective effective dates.

Impact Justification

Routine corporate action affecting specific debenture holders of Keertana Finserv Limited. Limited market-wide impact but important for holders of these debt securities.