Description

Keertana Finserv Limited has fixed record date for payment of interest and part redemption of non-convertible debentures with reduced face value effective December 8, 2025.

Summary

Keertana Finserv Limited has announced part redemption of its non-convertible debentures along with interest payment. The record date has been fixed as December 8, 2025. Trading in the debentures will be conducted with reduced face value of Rs. 83,333.33 per debenture effective from December 8, 2025 (Settlement No. DR-772/2025-2026).

Key Points

  • Company: Keertana Finserv Limited
  • ISIN: INE0NES07212
  • BSE Code: KFL-11.4%-23-6-28-PVT (976823)
  • Record Date: December 8, 2025
  • Purpose: Part redemption of debentures and payment of interest
  • Reduced face value: Rs. 83,333.33 per debenture
  • Effective date of reduced face value: December 8, 2025
  • Settlement Number: DR-772/2025-2026
  • Notice Number: 20251125-58

Regulatory Changes

No regulatory changes announced. This is a standard corporate action notification 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 December 8, 2025
  • All trades executed on or after the effective date must reflect the reduced face value of Rs. 83,333.33 per debenture
  • Members should update their systems to reflect the new face value for proper settlement

Important Dates

  • Notice Date: November 25, 2025
  • Record Date: December 8, 2025 - Date for determining debenture holders eligible for interest payment and part redemption
  • Effective Date of Reduced Face Value: December 8, 2025
  • Settlement Number: DR-772/2025-2026

Impact Assessment

Market Impact: Medium - This part redemption affects holders of Keertana Finserv Limited’s non-convertible debentures (ISIN: INE0NES07212). The reduction in face value from the original amount to Rs. 83,333.33 per debenture indicates a partial return of principal to debenture holders.

Operational Impact: Trading members need to ensure their systems reflect the reduced face value from the effective date to ensure accurate pricing and settlement. The debentures will continue to trade but with the new reduced face value.

Investor Impact: Debenture holders whose names appear in the records as of December 8, 2025 will receive interest payment and partial redemption of principal. Post-redemption, the outstanding face value per debenture will be Rs. 83,333.33, which will affect future interest calculations and final redemption amounts.

Impact Justification

Part redemption of debentures affects debenture holders with reduced face value and interest payment, but limited to single issuer with specific ISIN