Description

BSE announces listing of 2,500 secured redeemable non-convertible debentures of Kanakadurga Finance Limited with 11.55% p.a. interest rate, maturing on 28 November 2027.

Summary

BSE has listed new debt securities of Kanakadurga Finance Limited issued on private placement basis, effective 02 December 2025. The listing comprises 2,500 secured redeemable non-convertible debentures with a face value of Rs. 1,00,000 each, carrying an interest rate of 11.55% per annum payable monthly, maturing on 28 November 2027. The securities are rated CARE BBB/STABLE and will trade only in dematerialized form on the BSE Debt segment.

Key Points

  • Quantity listed: 2,500 debentures
  • Scrip Code: 977333 | Scrip ID: 1155KFL27
  • ISIN: INE104W07229
  • Face value and issue price: Rs. 1,00,000 per debenture
  • Interest rate: 11.55% per annum
  • Interest payment: Monthly
  • Date of allotment: 28 November 2025
  • Maturity date: 28 November 2027
  • Credit rating: CARE BBB/STABLE
  • Market lot: 1 unit
  • Tick size: 1 paise
  • No put/call options available
  • Trading only in dematerialized form

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for privately placed debt securities.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE104W07229
  • Members should refer to the Placement Memorandum available at https://www.bseindia.com/markets/debt/memorandum_data.aspx for detailed information
  • Tick size of 1 paise must be observed for all trades
  • Any clarifications may be sought from BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Listing effective date: 02 December 2025
  • Date of allotment: 28 November 2025
  • Interest payment frequency: Monthly
  • Redemption date: 28 November 2027

Impact Assessment

This listing has minimal market-wide impact as it pertains to private placement debt securities with limited quantity (2,500 units). The impact is confined to:

  • Debt market participants: Additional trading opportunity in BBB-rated corporate debt with monthly interest payouts
  • Institutional investors: Access to medium-term debt instrument with 11.55% yield
  • Kanakadurga Finance Limited: Enhanced access to debt capital markets and improved liquidity for investors

The high face value (Rs. 1 lakh) indicates these securities are targeted at institutional and high-net-worth investors rather than retail participants. The CARE BBB/STABLE rating suggests moderate credit quality with adequate safety for debt servicing.

Impact Justification

Routine listing of private placement debt securities with limited market-wide impact, affects only debt segment participants and investors in Kanakadurga Finance Limited debentures