Description

Trading suspended for KEERTANA FINSERV LIMITED debentures (ISIN: INE0NES07071) from November 18, 2025 due to redemption and interest payment with record date set for the same day.

Summary

BSE has announced the suspension of trading in Non-Convertible Debentures (NCDs) of KEERTANA FINSERV LIMITED effective November 18, 2025. The suspension is due to the company setting a record date for redemption of debentures and payment of interest. Trading members are advised not to deal in the specified debentures from the no-dealings date.

Key Points

  • Company: KEERTANA FINSERV LIMITED
  • Debenture Series: KFSL-11.60%-28-11-25-PVT
  • ISIN: INE0NES07071
  • BSE Code: 975222
  • Record Date: November 18, 2025
  • No Dealings From: November 18, 2025
  • Purpose: Redemption of Debentures and Payment of Interest
  • Notice Number: DR-758/2025-2026
  • Segment: Debt

Regulatory Changes

No regulatory framework changes. This is a standard trading suspension notice pursuant to corporate action procedures for debt securities.

Compliance Requirements

  • Trading members must cease all trading activities in the specified debentures from November 18, 2025
  • No buy or sell orders should be accepted for ISIN INE0NES07071 from the suspension date
  • Trading members must inform their clients holding or interested in these debentures about the suspension
  • Ensure settlement of any pending trades executed before the suspension date

Important Dates

  • November 13, 2025: Circular announcement date
  • November 18, 2025: Record date for interest payment and redemption
  • November 18, 2025: Trading suspension effective date (no dealings from this date)

Impact Assessment

Market Impact: Limited to holders and traders of this specific NCD series. Investors holding these debentures will receive interest payment and redemption proceeds based on the record date.

Operational Impact: Trading members must update their systems to block trading in this specific ISIN. Investors cannot exit their positions through secondary market trading from November 18, 2025 onwards.

Investor Impact: Debenture holders as of the record date will be eligible for the final interest payment and redemption. The 11.60% coupon rate suggests this is the maturity redemption (note the “28-11-25” in the series name indicating November 28, 2025 maturity). Secondary market liquidity is eliminated from the suspension date, but holders will receive redemption proceeds at maturity.

Impact Justification

Trading suspension affects debenture holders and traders but limited to specific debt instrument of a single issuer. High severity for affected investors but medium overall impact due to limited scope.