Description

EARNEST CONSTRUCTIONS PRIVATE LIMITED has completed part redemption of debentures, reducing the face value to Rs. 312.50 per debenture effective November 10, 2025.

Summary

BSE has announced that EARNEST CONSTRUCTIONS PRIVATE LIMITED (Scrip Code: 974942, ISIN: INE0HCI07011) has completed part redemption of its 12% debentures maturing on June 27, 2027. Following the redemption, the face value of the debentures has been reduced from the original value to Rs. 312.50 per debenture. Trading in these debentures will resume with the reduced face value from November 10, 2025.

Key Points

  • Company: EARNEST CONSTRUCTIONS PRIVATE LIMITED
  • Scrip Code: 974942
  • ISIN: INE0HCI07011
  • Debenture Series: ECPL-12%-25-6-27-PVT
  • New Face Value: Rs. 312.50 per debenture (reduced)
  • Action: Part redemption completed
  • Segment: Debt
  • Reference Notice: 20250919-17 dated September 19, 2025
  • Record Date for Interest and Redemption: September 24, 2025

Regulatory Changes

No regulatory changes. This is a corporate action notification for part redemption of debentures as per the company’s debt repayment schedule.

Compliance Requirements

  • Trading Members are required to note the reduced face value of Rs. 312.50 per debenture
  • Trading Members must ensure that the debentures are traded at the revised face value from the effective date
  • All transactions should reflect the updated face value in trading systems

Important Dates

  • Record Date: September 24, 2025 (for interest payment and redemption)
  • Notice Date: November 7, 2025
  • Effective Date for Trading with Reduced Face Value: November 10, 2025

Impact Assessment

Market Impact: Low - This affects only holders of a specific private company’s debentures. The part redemption is a scheduled corporate action and does not have broader market implications.

Operational Impact: Low - Trading members dealing with this security need to update their systems to reflect the new face value. The change is straightforward and follows standard procedures for part redemption.

Investor Impact: Medium for debenture holders - Investors holding these debentures have received partial redemption of their principal. They will continue to hold debentures with reduced face value, which will affect future interest calculations and final redemption amounts.

Impact Justification

Routine corporate action affecting a private company's debentures with limited market-wide impact. Important only for debenture holders of this specific security.