Description

KEERTANA FINSERV LIMITED has fixed record date for payment of interest and part redemption of non-convertible debentures with reduced face value effective November 18, 2025.

Summary

KEERTANA FINSERV LIMITED has announced part redemption of its non-convertible debentures (ISIN: INE0NES07246, Scrip Code: 976943) with a record date of November 18, 2025. The face value of the debentures will be reduced to Rs. 6,800 per debenture effective from the same date. This corporate action involves both payment of interest and partial redemption of the debenture principal.

Key Points

  • Debenture series: KFPL-11.20%-03-04-27-PVT
  • ISIN: INE0NES07246
  • BSE Scrip Code: 976943
  • Record date: November 18, 2025
  • New reduced face value: Rs. 6,800 per debenture
  • Trading with reduced face value begins: November 18, 2025
  • Settlement number: DR-758/2025-2026
  • Purpose: Part redemption of debentures and payment of interest

Regulatory Changes

No regulatory changes are introduced by this circular. This is a standard corporate action notification under existing BSE listing requirements for debt securities.

Compliance Requirements

  • Trading members must note that trading in the debentures will be conducted with the reduced face value of Rs. 6,800 per debenture effective from November 18, 2025
  • Trading members should update their systems to reflect the new face value for settlement DR-758/2025-2026 onwards
  • Debenture holders on record as of November 18, 2025 will be eligible for interest payment and part redemption proceeds

Important Dates

  • November 12, 2025: Notice date and circular issuance
  • November 18, 2025: Record date for interest payment and part redemption
  • November 18, 2025: Effective date for trading with reduced face value (Settlement DR-758/2025-2026)

Impact Assessment

Market Impact: Limited market impact as this affects only specific debenture holders of KEERTANA FINSERV LIMITED. The part redemption will return capital to debenture holders while reducing the outstanding principal amount.

Operational Impact: Trading members need to ensure their systems reflect the reduced face value of Rs. 6,800 per debenture from November 18, 2025. The reduction in face value indicates partial principal repayment to investors.

Investor Impact: Debenture holders on record will receive both accrued interest payment and partial redemption of principal. The reduced face value suggests return of capital while the debentures remain outstanding until maturity in April 2027.

Impact Justification

Standard part redemption of debentures affecting specific debt security holders with reduced face value from redemption proceeds