Description

KOLTE-PATIL DEVELOPERS LTD announces part redemption of four series of non-convertible debentures with record date of November 28, 2025, resulting in reduced face values effective from the same date.

Summary

KOLTE-PATIL DEVELOPERS LTD has announced part redemption of four series of non-convertible debentures (NCDs) with a record date of November 28, 2025. Trading in these debentures will commence with reduced face values effective from the same date under settlement number DR-766/2025-2026. This corporate action affects privately placed debt securities across different maturity profiles.

Key Points

  • Four series of debentures are subject to part redemption
  • Record date fixed as November 28, 2025
  • Trading with reduced face values begins November 28, 2025
  • All affected securities are privately placed non-convertible debentures
  • Settlement number: DR-766/2025-2026

Debenture Details

KPDL-ZC-17-4-33-PVT (INE094I07049, Code: 974771)

  • New Face Value: Rs. 65,345 per debenture
  • Security Type: Zero Coupon

KPDL-21-12-33-PVT (INE094I07064, Code: 975276)

  • New Face Value: Rs. 63,705 per debenture

KPDL-ZC-20-9-34-PVT (INE094I07072, Code: 976030)

  • New Face Value: Rs. 68,438 per debenture
  • Security Type: Zero Coupon

KPDL-15-10-35-PVT (INE094I07080, Code: 977231)

  • New Face Value: Rs. 99,580 per debenture

Regulatory Changes

No new regulatory changes introduced. This is a standard corporate action notification under existing debt securities framework.

Compliance Requirements

  • Trading members must note the reduced face values for all four debenture series
  • Trades executed from November 28, 2025 onwards must reflect the new reduced face values
  • Members should update their systems to reflect the reduced face values effective from the specified date
  • Settlement processes must account for the part redemption amounts

Important Dates

  • Record Date: November 28, 2025
  • Effective Date for Reduced Face Value: November 28, 2025
  • Settlement Number: DR-766/2025-2026
  • Circular Issue Date: November 26, 2025

Impact Assessment

For Debenture Holders:

  • Debenture holders on record as of November 28, 2025 will receive part redemption proceeds
  • Outstanding investment amount will reduce to the new face values
  • Different reduction amounts across the four series reflect varying coupon structures and maturity profiles

For Trading Members:

  • System updates required to reflect new face values in trading and settlement systems
  • Valuation and portfolio management systems need adjustment for affected securities
  • Limited trading impact expected given these are privately placed securities with potentially limited secondary market activity

Market Impact:

  • Minimal broader market impact as these are privately placed debt securities
  • Action demonstrates ongoing debt servicing by KOLTE-PATIL DEVELOPERS LTD
  • Reduction in outstanding debt burden for the issuer company

Impact Justification

Routine corporate action affecting debenture holders of KOLTE-PATIL DEVELOPERS LTD with specific impact on four debt securities. Material for existing debenture holders but limited broader market impact.