Description

BSE announces listing of 7,000 units of 11.20% non-convertible debentures issued by Keertana Finserv Limited on private placement basis, effective November 20, 2025.

Summary

BSE has listed new debt securities issued by Keertana Finserv Limited on private placement basis effective November 20, 2025. The securities comprise 7,000 units of non-convertible debentures with 11.20% annual interest rate, maturing on December 11, 2026. The securities are rated IND BBB+/Stable and will trade exclusively in dematerialized form on the BSE Debt segment.

Key Points

  • Quantity: 7,000 units of debt securities
  • Scrip Code: 976776 (Scrip ID: 112KFL26)
  • ISIN: INE0NES07188 (Further listings under same ISIN)
  • Face Value: Rs. 1,00,000 per unit
  • Issue Price: Rs. 1,00,365 per unit
  • Interest Rate: 11.20% per annum (monthly payment)
  • Credit Rating: IND BBB+/Stable
  • Market Lot: 1 unit
  • Tick Size: 1 paise
  • Trading: Dematerialized form only

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for debt securities issued on private placement basis.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE0NES07188
  • Members should refer to the Placement Memorandum available at https://www.bseindia.com/markets/debt/memorandum_data.aspx for complete details
  • Any clarifications can be obtained from BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Date of Allotment: November 18, 2025
  • Listing Date: November 20, 2025
  • Interest Payment Period: Monthly from July 11, 2025 to December 11, 2026
  • Redemption Date: December 11, 2026

Impact Assessment

Market Impact: Low - This is a routine debt securities listing with limited market-wide implications. The securities are issued on private placement basis and will trade on the BSE Debt segment, which primarily caters to institutional investors.

Operational Impact: Minimal - Trading members need to be aware of the new scrip code and trading parameters, but no operational changes are required beyond normal debt trading procedures.

Investor Impact: Limited to investors in private placement debt securities. The BBB+ rating indicates moderate credit quality with adequate protection parameters.

Impact Justification

Routine debt securities listing notification for private placement. Limited market-wide impact as it relates to debt segment trading for institutional investors only.