Description

KEERTANA FINSERV LIMITED has set record date for interest payment 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 debentures will trade with a reduced face value of Rs. 6800 per debenture effective from the same date. This action also includes payment of interest to eligible debenture holders.

Key Points

  • Company: KEERTANA FINSERV LIMITED
  • Security: Non-Convertible Debentures (KFPL-11.20%-03-04-27-PVT)
  • ISIN: INE0NES07246
  • Scrip Code: 976943
  • Record Date: November 18, 2025
  • Reduced Face Value: Rs. 6800 per debenture
  • Effective Date: November 18, 2025
  • Settlement Number: DR-758/2025-2026
  • Notice Number: 20251112-6

Regulatory Changes

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

Compliance Requirements

  • Trading members must note that debentures will trade with reduced face value effective November 18, 2025
  • All transactions from the effective date onwards must reflect the new reduced face value of Rs. 6800 per debenture
  • Trading members should ensure their systems are updated to reflect the part redemption

Important Dates

  • Notice Date: November 12, 2025
  • Record Date: November 18, 2025 (for determining eligible debenture holders for interest payment and part redemption)
  • Effective Date: November 18, 2025 (debentures will trade with reduced face value)
  • Settlement: DR-758/2025-2026

Impact Assessment

Market Impact: Medium - This part redemption affects holders of KEERTANA FINSERV LIMITED’s 11.20% debentures maturing on April 3, 2027. The reduction in face value to Rs. 6800 per debenture represents a partial return of principal to investors.

Operational Impact: Trading members must update their systems to reflect the new face value from November 18, 2025. Debenture holders on record as of the record date will receive interest payment and partial redemption proceeds. The debenture will continue to trade at the reduced face value until maturity or further corporate actions.

Impact Justification

Affects debenture holders of KEERTANA FINSERV LIMITED with part redemption reducing face value from original amount to Rs. 6800 per debenture