Description

Part redemption of debentures of EARNEST CONSTRUCTIONS PRIVATE LIMITED with reduced face value effective November 10, 2025.

Summary

EARNEST CONSTRUCTIONS PRIVATE LIMITED has completed part redemption of its debentures (Scrip Code: 974942, ISIN: INE0HCI07011). Following the redemption, the face value of the debentures has been reduced from the original amount to Rs. 312.50 per debenture. Trading will resume with the revised face value from November 10, 2025.

Key Points

  • Part redemption completed for ECPL 12% debentures maturing on June 27, 2027
  • New reduced face value: Rs. 312.50 per debenture
  • Scrip Code: 974942 (ISIN: INE0HCI07011)
  • Record date for interest payment and redemption was September 24, 2025
  • Trading to resume with reduced face value from November 10, 2025
  • Reference: DR-752/2025-2026

Regulatory Changes

No regulatory changes. This is a standard corporate action involving part redemption of privately placed debentures.

Compliance Requirements

  • Trading members must note the reduced face value for trading purposes
  • All trades in these debentures from November 10, 2025 onwards must reflect the new face value of Rs. 312.50 per debenture
  • Trading members should update their systems to reflect the revised face value

Important Dates

  • September 19, 2025: Initial notice issued (Notice No. 20250919-17)
  • September 24, 2025: Record date for interest payment and redemption
  • November 7, 2025: Notice date for part redemption confirmation
  • November 10, 2025: Effective date for trading with reduced face value

Impact Assessment

Market Impact: Low - This affects only holders of privately placed debentures of EARNEST CONSTRUCTIONS PRIVATE LIMITED. The part redemption is a normal corporate action that reduces the outstanding face value.

Operational Impact: Minimal - Trading members need to update the face value in their systems. The debentures will continue to trade on the debt segment with the revised parameters.

Investor Impact: Positive for debenture holders who received partial redemption of their investment. Remaining debentures will trade at the reduced face value of Rs. 312.50.

Impact Justification

Routine part redemption of private placement debentures affecting only debenture holders of a private limited company with limited market impact.