Description

BSE suspends trading in three series of debentures of Kinara Capital Pvt Ltd effective November 28, 2025 following full redemption.

Summary

BSE has announced the suspension of trading in three series of non-convertible debentures (NCDs) issued by Kinara Capital Pvt Ltd, effective November 28, 2025. The suspension follows the company’s notification that these debentures have been fully redeemed. Trading members are advised not to deal in these securities from the effective date.

Key Points

  • Three debenture series of Kinara Capital Pvt Ltd have been fully redeemed
  • Trading suspension effective from November 28, 2025
  • Trading members instructed not to deal in the affected debentures
  • Circular reference: DR-766/2025-2026
  • Notice issued by Assistant Vice President – Listing Compliance and Operations

Affected Securities

Kinara Capital Pvt Ltd - Redeemed Debentures:

  1. KCPL-12%-17-9-29-PVT I

    • ISIN: INE200W07449
    • Scrip Code: 976014

  2. KCPL-13.10%-7-8-27-PVT

    • ISIN: INE200W07423
    • Scrip Code: 975887

  3. KCPL-27-8-27-PVT

    • ISIN: INE200W07431
    • Scrip Code: 975954

Regulatory Changes

No regulatory framework changes. This is a standard procedural action following the full redemption of debt securities.

Compliance Requirements

  • Trading Members: Must cease all trading activities in the three specified debenture series from November 28, 2025
  • Record Keeping: Trading members should update their systems to reflect the suspension status
  • Client Communication: Members should inform clients holding these securities about the redemption completion

Important Dates

  • Notice Date: November 27, 2025
  • Trading Suspension Effective Date: November 28, 2025
  • Redemption Status: Fully redeemed (as of notice date)

Impact Assessment

Market Impact: Minimal. This is a routine corporate action following the natural conclusion of the debenture lifecycle through full redemption.

Investor Impact: Positive for debenture holders who have received their principal and interest payments. No trading impact as the securities have been fully redeemed.

Operational Impact: Trading members need to update their systems to prevent inadvertent trading in these suspended securities. Standard procedural adjustment with no significant operational challenges expected.

Impact Justification

Routine suspension following full redemption of debentures. Limited market impact as redemption is complete and only affects holders of these specific debt instruments.