Description

BSE announces part redemption of two series of debentures issued by Kinara Capital Private Limited with reduced face values effective December 10, 2025.

Summary

BSE has notified trading members about the part redemption of two series of debentures issued by Kinara Capital Private Limited. The redemption results in reduced face values for both debenture series, which will be effective from December 10, 2025. This is a standard corporate action for debt securities.

Key Points

  • Two debenture series of Kinara Capital Private Limited are being partially redeemed
  • KCPL-13.74%-25-3-26-PVT (ISIN: INE200W07415, Scrip Code: 973862) - Reduced face value: Rs. 616,203.38 per debenture
  • KCPL-13.20%-25-5-27-PVT (ISIN: INE200W07407, Scrip Code: 975668) - Reduced face value: Rs. 82,160.45 per debenture
  • Trading members must note the revised face values for trading purposes
  • Notice Number: 20251209-7
  • Reference: DR-774/2025-2026

Regulatory Changes

No regulatory changes. This is a corporate action notification related to debt securities.

Compliance Requirements

  • Trading members of BSE are required to take note of the reduced face values
  • Debentures must be traded with the revised face values from the effective date
  • Members should update their systems to reflect the new face values for accurate trading and settlement

Important Dates

  • Notice Date: December 9, 2025
  • Effective Date: December 10, 2025 - Debentures will trade with reduced face values from this date

Impact Assessment

This is a routine corporate action with minimal market impact. The part redemption affects only the holders of these specific private placement debentures of Kinara Capital Private Limited. The reduced face values reflect the partial return of principal to debenture holders as per the terms of issuance. Trading members need to ensure their systems are updated to reflect the correct face values for trading and settlement purposes. No impact on equity markets or broader debt market operations.

Impact Justification

Routine part redemption of private placement debentures affecting only specific debenture holders of Kinara Capital, with no broader market implications