Description

Kanakadurga Finance Limited has fixed record date of November 15, 2025 for part redemption of debentures and interest payment, with reduced face value effective from November 14, 2025.

Summary

Kanakadurga Finance Limited has announced part redemption of its Non-Convertible Debentures (ISIN: INE104W07195, Code: 976402) along with interest payment. The record date is fixed as November 15, 2025, and trading in these debentures will commence with reduced face value from November 14, 2025.

Key Points

  • Company: Kanakadurga Finance Limited
  • Security: Non-Convertible Debentures (KDFL-13%-31-1-27-PVT)
  • ISIN: INE104W07195
  • BSE Code: 976402
  • Record Date: November 15, 2025
  • Purpose: Part redemption of debentures and payment of interest
  • Reduced Face Value: Rs. 58,333 per debenture (from Rs. 100,000)
  • Effective Date of Reduced Face Value: November 14, 2025
  • Settlement Number: DR-756/2025-2026

Regulatory Changes

No new regulatory changes introduced. This is a standard corporate action notice for part redemption of debt securities.

Compliance Requirements

  • Trading members must note that trading in the debentures will be conducted with reduced face value effective from November 14, 2025
  • Trading members should update their systems to reflect the new face value of Rs. 58,333 per debenture
  • Debenture holders as on record date (November 15, 2025) will be eligible for interest payment and part redemption

Important Dates

  • November 11, 2025: Notice date
  • November 14, 2025: Effective date for trading with reduced face value (Settlement No. DR-756/2025-2026)
  • November 15, 2025: Record date for part redemption and interest payment

Impact Assessment

Debenture Holders: Part redemption will result in a reduction of face value from Rs. 100,000 to Rs. 58,333 per debenture (approximately 41.67% reduction), meaning Rs. 41,667 per debenture will be redeemed along with applicable interest payment.

Trading Impact: From November 14, 2025, the debentures will trade at the reduced face value, affecting pricing and yield calculations for secondary market transactions.

Liquidity: The part redemption provides liquidity to debenture holders while allowing the issuer to reduce its debt obligations proportionately.

Impact Justification

Medium importance as it affects specific debenture holders of Kanakadurga Finance Limited with part redemption reducing face value from Rs. 100,000 to Rs. 58,333 per debenture, impacting debt investors.